Commercial real estate veterans launch an acquisitions firm specializing in value-added properties along the Boston-DC corridor
Two veterans of the New York commercial real estate market, Neil Helman and Gerry Davis, announced the formation of Collins Realty Partners, which will specialize in acquiring value-added opportunistic properties in the tri-state area, in a within 100-mile radius of Manhattan and along the Boston-DC corridor.
“While we are looking for value-added opportunities in the DC to Boston Corridor, our primary focus will be Manhattan and the boroughs as well as assets within approximately 100 miles of Manhattan,” said Helman, who has more than 35 years of actual experience. real estate experience, most recently as Director of the Investment Sales division of Avison Young. “We will seek assets in the office, industrial and residential sectors worth more than $10 million, with a particular focus on properties that lend themselves well to adaptive reuse, have below-market rents or a deferred maintenance”
Davis, who was a principal at Alchemy Properties for 15 years, has over 30 years of diverse experience in the real estate industry, most recently as an owner’s representative for several development projects. He added: “We plan to leverage our extensive network of financial partners, debt providers and agency relationships, and explore the intersection of opportunity and value to pursue well-suited real estate investments. After 24 months of pandemic-related disruption in real estate, we believe now is the perfect time to capitalize on a changing landscape.
Over his career, Helman has actively marketed and sold nearly $2 billion in investment-grade real estate in Manhattan and Brooklyn, including office, residential, and commercial buildings, commercial buildings for adaptive reuse, as well as residential and hotel sites. development. Helman’s many high profile real estate and development deals include the sale of 250 Church Street to TriBeCa for $205 million.
Prior to joining Avison Young, Mr. Helman was Executive Vice President at Grubb & Ellis New York and a recognized top performer company-wide, repeatedly earning his inclusion in the “Circle of Excellence” of Grubb & Ellis, a mark of distinction reserved for the company’s top professional transaction specialists nationwide.
At Alchemy Properties, Davis managed the development of more than 18 New York projects comprising nearly 1 million square feet of residential and commercial space, both new construction and renovations, valued at approximately $1 billion. Davis’ experience is concentrated in urban, mixed-use office and residential properties.
Prior to joining Alchemy, Davis led acquisitions for a family-owned real estate office in New York City and served as vice president at M&T Bank, where he was part of the commercial real estate division responsible for originating mortgage debt. first rank and management of a large loan portfolio. . He started his career as an architect.
(Visited 1 time, 7 visits today)