BSD’s investment thesis is focused on identifying office and residential properties located in liquid, high barrier to entry submarkets within New York City that will benefit from BSD’s active investment management, repositioning, and development skills.
Investment opportunities often possess several of the following characteristics:
- High vacancy
- Below market rents
- Out of date tenant build-outs/finishes
- Deferred property maintenance
- Bulk lease expiration
- Unusually high number of small office tenants
- Time proven location and street presence
- Unused air rights/FAR
Once a property is acquired, BSD leverages its knowledge of tenant and submarket dynamics and its vertically integrated in-house capabilities in order to execute a business plan aimed at generating meaningful cost savings and long-term value creation.
