CURRENT INVESTMENTS

  • 22 Buckingham Gate

    London

  • Brooklyn Law School

    Brooklyn Heights, New York City

  • New York, East Village

    New York, East Village

  • Skyline & Boulevard

    New Jersey, New York

  • Westwood

    Westwood, Bergen County, New Jersey

  • West 87th

    Manhattan, New York City

22 Buckingham Gate

London

With a listed building façade, the property contains 5 floors and the development will see the provision of 7 luxury apartments. Located near to Buckingham Palace, Westminster Cathedral and Victoria Street, and is in close proximity to St James Park and Victoria stations.

Completion date:
Expected Q3 2015
Projected sales price:
£2000 per sq ft

Brooklyn Law School

Brooklyn Heights, New York City

110-unit multi-family portfolio, comprising of 6 buildings in the Brooklyn Heights area of New York. Kushner Companies' business plan is to convert and sell three of the buildings into single family town homes and retain the remaining three buildings as a long term rental portfolio, totalling 77 units.

Anticipated Completion Date:
Early 2016

New York, East Village

New York, East Village

Two medium-rise multi-family buildings containing 10 residential apartments and 2 ground floor commercial units. The East Village is home to a number of New York University buildings and benefitting from a wide variety of local amenities. Kushner Companies' strategy is to grow the current rents in-line with market levels, targeting stabilised double-digit annual equity returns over the hold period (pre-debt amortisation).

Investment Horizon:
5 years

Skyline & Boulevard

New Jersey, New York

Two supply-constrained low-rise multi-family complexes containing 338 studio, one and two bedroom garden-style apartments purchased in 2012. Approximately a 20-30 minute commute to Manhattan (13 miles to Grand Central Station). The portfolio is currently over 96% let. Kushner Companies' strategy is to grow the current rents in-line with market levels over the first two years and to then benefit from the recovering US housing market and economy through disciplined property and asset management.

Investment Horizon:
5 years

Westwood

Westwood, Bergen County, New Jersey

Portfolio of 276 apartments across 4 complexes. Currently over 98% let. Kushner Companies' strategy is to increase rental income both in line with market increases and through a renovation program.

Projected Holding Period:
5 - 7 years

Westwood

Manhattan, New York City

Purchase of a single family town home with approved plans to extend to a total of 6 500 sq ft. Business Plan is for a full modernised refurbishment for resale into a market where the location is highly desirable

Proposed Holding Period:
18 months