Executive summary
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.
THE COMPANY
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.
Investment philosophy
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
approach.
INVESTMENT TARGETS
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.
TRACK RECORD
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.
