NEW YORK CITY—Global One Investments—the acquisitions arm of Nelson Management Group—has launched its second fund, which will target $450 million in multifamily investments here.

The fund will focus on existing multifamily and mixed-use assets around town of 50-5,000 units, for both Value-Add and Core Plus investments.

Global One's principals, Robert Nelson and Michael Gerstein have owned and operated over 3,000 units worth $660 million in market rate, rent stabilized and regulated housing.

“Our expertise is in owning and operating a variety of multifamily assets, from luxury properties to middle income to Section 8 housing,” says Nelson, president of Nelson Management Group and Principal of Global One.

“Our knowledge of the New York City metropolitan area has given us both an understanding of overall market dynamics, as well as local, state and federal affordable housing programs,” he continues. “This in turn has allowed us to target assets primed for market repositioning.”

Nelson notes, “Over the years we've performed over $60 million in capital improvements in our portfolio, which has obviously been beneficial to the residents of the buildings we own.”

Adds Michael Gerstein, principal of Global One Investments, “In the past we have had a tremendous amount of success in navigating complicated regulatory structures in a way that improved the quality of life for residents and preserved affordable housing, through public/private partnerships.”

The first Global One Real Estate Fund, launched in 2008, purchased over 1,300 units of housing with a current market value of $200 million. Other Global One ventures acquired over 1,700 units of housing with a current market value of $460 million.

Properties in the portfolio include 275 South St. in Lower Manhattan; Promenade Apartments in Upper Manhattan; Atlantic Plaza Towers in Brooklyn's Ocean Hill neighborhood and Hazel Towers and the Lafayette Boynton apartments in the Pelham Bay and Soundview sections of the Bronx, respectively.

NEW YORK CITY—Global One Investments—the acquisitions arm of Nelson Management Group—has launched its second fund, which will target $450 million in multifamily investments here.

The fund will focus on existing multifamily and mixed-use assets around town of 50-5,000 units, for both Value-Add and Core Plus investments.

Global One's principals, Robert Nelson and Michael Gerstein have owned and operated over 3,000 units worth $660 million in market rate, rent stabilized and regulated housing.

“Our expertise is in owning and operating a variety of multifamily assets, from luxury properties to middle income to Section 8 housing,” says Nelson, president of Nelson Management Group and Principal of Global One.

“Our knowledge of the New York City metropolitan area has given us both an understanding of overall market dynamics, as well as local, state and federal affordable housing programs,” he continues. “This in turn has allowed us to target assets primed for market repositioning.”

Nelson notes, “Over the years we've performed over $60 million in capital improvements in our portfolio, which has obviously been beneficial to the residents of the buildings we own.”

Adds Michael Gerstein, principal of Global One Investments, “In the past we have had a tremendous amount of success in navigating complicated regulatory structures in a way that improved the quality of life for residents and preserved affordable housing, through public/private partnerships.”

The first Global One Real Estate Fund, launched in 2008, purchased over 1,300 units of housing with a current market value of $200 million. Other Global One ventures acquired over 1,700 units of housing with a current market value of $460 million.

Properties in the portfolio include 275 South St. in Lower Manhattan; Promenade Apartments in Upper Manhattan; Atlantic Plaza Towers in Brooklyn's Ocean Hill neighborhood and Hazel Towers and the Lafayette Boynton apartments in the Pelham Bay and Soundview sections of the Bronx, respectively.