REAL ESTATE FINANCE & INVESTMENT: BIG APPLE NICHE INVESTMENT STRATEGIES - PODCAST
K Property Group is in acquisition mode, seeking to expand its portfolio of properties in Manhattan and other New York City boroughs. The investment company is taking a micro-level approach to identifying deals with the aim of acquiring office properties between $50 million and $250 million. “We’re very focused on locating value-add and core-plus deals and we see a particular opportunity in buying underperforming assets,” said Rod Kritsberg, founder.
NEW YORK POST: AVISON YOUNG’S GREG KRAUT TAKES ON DEVELOPER GIG
Real estate broker Greg Kraut, who helped found the local Avison Young office, is becoming a developer as he joins Rod Kritsberg’s K Property Group.
The duo will focus on value-added real estate investment and development projects in the city and focus on identifying off-market, value-added and select core-plus office and retail properties of $50 million and up.
“I want to infuse hospitality into the office and retail sectors and through strategic capital improvements, create a modern, full-service experience for tenants,” said Kraut.