Institutional cross-disciplined team pursuing an entrepreneurial opportunity – partners and employees began their careers at top tier organizations in their respective focus areas, with backgrounds in finance, architecture, construction, law, accounting, and marketing.
Strong Track Record
Akiva Reich & Co has completed development deals and launched more projects with a cumulative value exceeding $100 million. Realized IRR returns have achieved 75% gross (55% net) with equity multiples of 2.9x gross.
Alignment with Investors
Fair fee structure incentivizes Akiva Reich & Co to maximize project outcomes, while managing downside scenarios. Akiva Reich & Co is intimately involved with its projects, whereas third party funds invest passively and charge a “double promote.”
By focusing on a segment that is below the institutional radar but too big for most individuals, Akiva Reich & Co often competes against fewer players on deals. Furthermore, Akiva Reich & Co ability to move quickly and decisively is a key differentiator in closing deals.
New York City Residential Opportunity
There is an extremely limited supply of high-quality, family-sized apartments despite the increase in demand from families living in NY. By contrast with historic standards, there are surprisingly few new condos being built, especially in Brooklyn.