Introducing our newest venture: Paradigm - LEARN MORE
NYC
Commerical & residential properties
Liquid & High Barrier to Entry Submarkets
Investment Profile Asset Size
$50M - $500M
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  • Out of date tenant build-outs/finishes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.



INVESTMENT STRATEGIES

Office (Core-Plus)
HOLD
5-10 Years

11.00%+
EM
1.60x+

Office (Value-Add)
HOLD
5-10 Years

14.00%+
EM
1.80x+

Residential (Value-Add Rental)
HOLD
5-10 Years

13.00%+
EM
1.75x+

Residential (Ground Up Development)
HOLD
3-5 Years

25.00%+
EM
2.25x+