Drake Real Estate Partners Analysis

Repurpose aging multifamily buildings to increase rental yields; Lease underutilized industrial spaces to generate stable income; Improve office building operations to reduce operating costs; Identify off-market opportunities in non-major U.S. markets; Invest in sustainable projects with environmental sustainability focus; Acquire cash-flowing assets with solid fundamentals; Partner with best-in-class operating partners for long-term value

Drake Real Estate Partners primarily focuses on real estate investments across various property types and geographies within the United States. Their investment strategy emphasizes long-term partnerships and targets value-add and opportunistic returns. This indicates a preference for investments that can enhance property value through improvements or repositioning, as well as opportunities that may arise in the market.

Drake Real Estate Partners primarily invests in various geographical regions within the United States.

Drake Real Estate Partners has made several notable exits, including:

1. 2277 Pine View Way, Petaluma, California: Sold for $25.15 million to an affiliate of DRA Advisors. This property was the corporate headquarters of Workrite Ergonomics and was acquired in April 2019. The exit was influenced by increased demand for industrial properties.

2. 1405 & 1473 Zeager Road, Elizabethtown, Pennsylvania: Sold to Cabot Properties, Inc. on May 13, 2021. This transaction involved a two-building logistics complex totaling 198,000 square feet, fully leased to Bel-Aqua Pool Supply Co. and Packaging Corporation of America. This sale was part of a series of successful dispositions totaling over $92 million in value and 1,000,000 square feet of real estate within the last year.

3. 301 Grove Road, West Deptford, New Jersey: Another notable exit, although specific details about the sale price and buyer were not provided.

4. Seven-building light industrial portfolio in Southern New Jersey: Details about this exit were also mentioned, but specific figures were not disclosed.

The management team of Drake Real Estate Partners includes the following individuals and their positions:

1. David Cotterman - Co-Founder & Chief Investment Officer
2. Nicolas Ibanez - Co-Founder & President
3. Jonathan Garonce - Partner & Head of Asset Management
4. Arash Barati - Vice President
5. Anthony Galvan - Vice President
6. Maxwell Hengeveld - Vice President
7. Michael Dornbusch - Vice President
8. Alex Friedman - Senior Associate
9. Victor Bittar - Senior Analyst
10. Antonio Succar - Portfolio Data Associate
11. Amy Pruzan - Head of Investor Relations
12. Jose Lievano - Vice President
13. Miguel Garcia - Senior Analyst
14. Mitch Melfi - Chief Financial Officer
15. Michael Sirignano - Controller & Director of Finance
16. Jason Buono - Assistant Controller
17. Jillian Bloch - Vice President
18. Natalia Ramos - Office Manager
19. Tom Franco - Advisor
20. Jiho Lee - Advisor

This diverse team is united by their passion for excellence and extensive experience in real estate investment and management.

Completed over $2.5 billion in transactions; Invests in non-major U.S. markets; Focuses on below replacement cost; Targets off-market opportunities; Strong emphasis on sustainable investing and conservation; Operates with experienced real estate professionals; Partners with best-in-class operating partners; Based in New York City; Founded in 2012; Employee count: 11-50