NEW YORK CITY—Alchemy Properties, a local real estate development and investment firm led by president Kenneth Horn, principal Joel Breitkopf and partner Alex Saltzman, has announced a new joint venture platform with ABR Partners. Brian Ray, founder of ABR Partners, will oversee the venture—named Alchemy-ABR Investment Partners—as managing partner.
Alchemy-ABR will focus on acquiring and redeveloping unique value-add assets, as well as cash-flowing investment opportunities in the New York metropolitan region and other select markets. The platform will target office, multifamily, retail and industrial properties in partnership with strategic institutional partners, private investors and families. The venture will be an extension of the Alchemy Properties' brand but will remain separate from Alchemy's luxury condominium development concentration.
“This venture is a further realization of our strategic vision to diversify our broader platform, as it incorporates our disciplined development and team-oriented approach to both repositioning and rebranding existing buildings, coupled with what we feel will be prudent financial investments with significant upside for ourselves and our partners,” explains Breitkopf.
“We are excited to be joining forces with Brian, a talented investor, acquisitions professional, operator and developer," he continues. We feel that our combined brands, longstanding relationships and collective reputations within the marketplace will lead to some very creative and interesting opportunities together.”
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
