Drake Real Estate Partners Analysis
What is Drake Real Estate Partners?
Value-add real estate investor in under-the-radar U.S. markets
Location
New York, New York, United States
Employees
11-50
Founded
2012
Product Features & Capabilities
- Invests in multifamily
- industrial
- office
- value-add real estate
- secondary markets
- sustainable investing
- conservation
- environmental sustainability
- below replacement cost
- off-market opportunities
- cash flowing assets
- solid fundamentals
- Non-major markets
- best-in-class operating partners
- experienced real estate professionals
Investment Focus
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.
Assets Under Management
$410 million
Investment Geography
Drake Real Estate Partners primarily invests in various geographical regions within the United States.
Notable Exits
- 2277 Pine View Way, Petaluma, California - Sold for $25.15 million to an affiliate of DRA Advisors.
- 1405 & 1473 Zeager Road, Elizabethtown, Pennsylvania - Sold to Cabot Properties, Inc. on May 13, 2021.
- 301 Grove Road, West Deptford, New Jersey - Another notable exit, although specific details about the sale price and buyer were not provided.
- Seven-building light industrial portfolio in Southern New Jersey - Details about this exit were also mentioned, but specific figures were not disclosed.
Recent Fundraising
$50M
Management Team
- David Cotterman - Co-Founder & Chief Investment Officer
- Nicolas Ibanez - Co-Founder & President
- Jonathan Garonce - Partner & Head of Asset Management
- Arash Barati - Vice President
- Anthony Galvan - Vice President
- Maxwell Hengeveld - Vice President
- Michael Dornbusch - Vice President
- Alex Friedman - Senior Associate
- Victor Bittar - Senior Analyst
- Antonio Succar - Portfolio Data Associate
- Amy Pruzan - Head of Investor Relations
- Jose Lievano - Vice President
- Miguel Garcia - Senior Analyst
- Mitch Melfi - Chief Financial Officer
- Michael Sirignano - Controller & Director of Finance
- Jason Buono - Assistant Controller
- Jillian Bloch - Vice President
- Natalia Ramos - Office Manager
- Tom Franco - Advisor
- Jiho Lee - Advisor
Other Considerations
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
