NEW YORK CITY-Rosen Partners has formed a joint venture to target $100 million plus assets along the east coast. Daniel Rosen, Rosen Partners’ managing director, tells GlobeSt.com that the partnership with Russia’s Alfa Group will focus on multifamily, hospitality and office properties.

Alfa Group is a privately owned Russian investment conglomerate headed by chairman Mikhail Fridman. The two have partnered before, Rosen says, one example being the condominium at 56 Pine St. in the Financial District.

“We’ve partnered with Mikhail Fridman before successfully so we were looking at ways to continue that relationship,” Rosen says of those past deals. He adds that market conditions make now an attractive time to make this move: “Based on our views of the market today, though it’s hard to predict bottoms, we believe we’re in that territory.”