Real Estate From An Owner's Perspective

Founded in 1981, and headquartered in Buffalo, NY, Ciminelli Real Estate Corporation ("Ciminelli" or  "Ciminelli Real Estate"), and through its entities, acquires, develops and manages a diversified portfolio of real estate assets on behalf of itself, companies, private  individuals and institutional investors.  Our success is derived from a fundamental approach to, and deep understanding of, real estate value creation.   For more than 35 years, a foundation built on having an ownership perspective and true partnerships has yielded deep industry relationships, expertise and a track record of delivering value to our clients.  Our roots as real estate developers and asset managers create a competitive advantage when sourcing real estate investment opportunities, managing properties and when working with capital partners. 
 

 

Leveraging Ciminelli Experience

Ciminelli Real Estate has been investing in, developing and managing real estate for over 35 years.  Today, Ciminelli has evolved into a premier real estate enterprise encompassing multiple operating businesses and asset classes across five states:  NY, CT, PA, MASS and FL.  Having operated throughout all market conditions and cycles, Ciminelli draws upon its broad reach and deep industry experience to generate attractive opportunities for and consistently deliver value to our clients.
 

Acquisition

Our broad deal sourcing network and experienced real estate staff provide opportunities to create and manage a balanced and diversified portfolio.

 

Asset Management

With nearly 15 million square feet of real estate assets overseen by our team, Ciminelli has the experience and insight to capitalize on industry relationships and efficiencies and create high-performing assets.

Development

Ciminelli has a long history of community-focused real estate development across asset classes, the capabilities of which are capitalized on when sourcing new opportunities and for opportunities with strategic operating partners.  Since 1981, Ciminelli has successfully developed or redeveloped hundreds of commercial and residential properties, coordinating the interests of all stakeholders, including surrounding neighborhoods, municipalities, regulatory agencies, tenants and investors.
 

 

 

A Legacy of Success and Trust
in Real Estate

Ciminelli's approach to real estate places a premium on capital preservation through alignment with clients' interests, and by leveraging our experience in adding value to real estate assets throughout all market conditions and cycles.

 

 

 

The Ciminelli Portfolio

For over 35 years, Ciminelli Real Estate has overseen billions in real estate asset value across five states:  New York, Connecticut,  Pennsylvania, Massachusetts and Florida.
Current Ciminell Portfolio

 

 

Investment Strategies

Ciminelli Real Estate, and through its entities, invests in and manages real estate for itself and on behalf of its clients across investment strategies:  Core, Value-Add and Opportunistic.   Our strategies are focused on properties located in stable-to-growth markets possessing an opportunity to produce appreciation over an investment's hold period.

 

Core

Ciminelli's Core strategy focuses on real estate assets that are fully or close-to-fully occupied on long-term leases, typically in locations with strong market fundamentals.  They tend to be characterized by lower risk and lower potential return and with meaningful current income. 

Value-add

Ciminelli's's Value-Add strategy focuses on real estate assets that have the potential to generate medium to high current cash flow and opportunity to add value through leasing and repositioning strategies. They tend to target an attractive risk-adjusted return consisting of a combination of current income and capital appreciation.

Opportunistic

Ciminelli's Opportunistic strategy focuses on development deals, underperforming properties in less competitive markets or on properties with unsustainable capital structures.  Examples include ground-up development, property repositioning or conversion or distressed properties.  Opportunistic investments tend to be characterized by a higher portion of the return coming from capital appreciation than current income.  
 
Contact Ryan Zebro, Vice President of Investments for details.

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