Alfred Weissman Real Estate (“AWRE”), is an
experienced and proven commercial real estate
investment, asset management, and development team
AWRE acquires value-add investments that are typically too small for large investors and funds, and too big for small independent investors.
Founded by Alfred Weissman in 1982, Alfred Weissman Real Estate, Inc. (“AWRE”) is a commercial real estate investor, owner, and developer. Senior principals lead a successful team with extensive experience in development and operations of commercial real estate.
With its focus on quality development programs, AWRE has earned the trust and confidence of civic and business leaders through its professionalism, high corporate standards and personal commitment to projects. The firm is located in Rye, NY and employs a staff of 12 professionals, with expertise in real estate investment, management, and development.
Past projects have included all categories of commercial development including, retail, office, and industrial properties. The common thread for the firm’s accomplishments has been an ability to identify and capitalize on value oriented investments.
AWRE corporate structure is lean, enabling its executives to be intimately involved in all asset management and investment decisions.
AWRE targets investments that have superb
risk/reward characteristics but are still overlooked
by the larger players and we believe, as a
consequence, are among the most capital starved. We
believe that real estate is a valued long term
business and our goal is to create long term solid
investments, without the pressure of meeting
unrealistically high promised rates of return
through speculation or overleveraging. The recent
market collapse is a reminder that real estate
investing requires a conservative long range
AWRE seeks attractive value-add investment opportunities in the Northeastern United States. Our target investment is between 50,000 - 500,000 square feet, a niche that limits competition from firms too large and too small. We are more inclined to look for odd lot purchases of debt or equity investments and surplus real estate than portfolio level acquisitions.
The firm has demonstrated a propensity for buying good properties at opportunity pricing and actively asset managing them to maximize income. The result has been substantial returns over the firm’s long history.
Past accomplishments include the conversion of a two-story, Class A office building into a three-story building while the tenant was in possession, the conversion of the former Saks Fifth Avenue distribution center, the redevelopment of a vacant 133,000 square foot, Class A office building for the Dannon US Headquarters, and the redevelopment of the former Saks Fifth Avenue Department Store into a mixed-use property.