New York office developer KPG Funds plans to acquire over $1 billion in New York City office and retail assets. 

KPG, which specializes in value-add acquisitions and development, believes the New York market will recover.

To help lead that growth, KPG hired Noah Kaufman as its first managing director of acquisitions. Kaufman, who will oversee KPG's acquisition and asset management functions, brings more than 20 years of acquisitions and asset management experience to the growing real estate firm.

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Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.