Real Estate From An Owner's Perspective

Since 1981, Ciminelli Real Estate Corporation, along with its entities, acquires, develops and manages a diversified portfolio of real estate assets on behalf of itself and various clients in New York. With successful developments that produce high real estate value, our investment portfolio has continued to grow rapidly. Ciminelli continues to carry an owner’s perspective, holding the same desires to create value for our clients through our industry relationships and expertise. Our team covers a broad range of services, from real estate development and asset management, helping us with the sourcing of real estate investment opportunities, managing properties and communicating with our capital partners. 

 

Leveraging Ciminelli Experience

Ciminelli Real Estate has brokered, invested, developed and managed real estate for more than 35 years in New York. As a premier real estate enterprise in the area, Ciminelli has entities numbering multiple operating businesses that also contribute to actionable growth for every presence in New York. Having operated throughout various market conditions and cycles, Ciminelli holds broad and deep industry experience to assess available opportunities and consistently deliver value to our clients.

Acquisition

Our broad deal sourcing network and experienced real estate staff identify opportunities to include within a balanced and diversified portfolio.

 

Asset Management

Nearly 15 million square feet of real estate assets is under the oversight of our team, allowing Ciminelli to capitalize on longstanding industry relationships and economies of scale to continue driving high performance for old and new assets under our management.

Development

Ciminelli has a long history of community-focused real estate development across asset classes, establishing visible growth with largescale impacts. As a result, our strategic operating partners continue to support our endeavors to develop valuable assets around New York. Since 1981, Ciminelli has successfully developed or redeveloped hundreds of commercial and residential properties, advocating for the interests of all stakeholders, including surrounding neighborhoods, municipalities, regulatory agencies, tenants and investors.

 

 

 

Investment Strategies

Ciminelli Real Estate, and through its entities, invests in and manages real estate through our Core, Value-Add and Opportunistic investment strategies. These levels of investment apply to assets under Ciminelli’s and our client’s ownership. Our strategies are focused on properties within stable-to-growth markets that are positioned for appreciation over an investment's hold period. With Ciminelli’s thorough analysis and established acumen, expanding your investment portfolio with real estate options is a wise choice. 

 

Core

Ciminelli's Core strategy focuses on real estate assets with a full or close-to-full occupation on the basis of long-term leases. These properties are conventionally in locations exhibiting strong market fundamentals. These investments are commonly characterized by lower risk and potential returns but stand as a dependable source of substantial current income. 

Value-add

Ciminelli's's Value-Add strategy focuses on real estate assets that carry the potential to generate medium to high current cash flow through strategic leasing and restructuring practices. Value-Add investments tend to target an attractive risk-adjusted return composed of current income and capital appreciation.

Opportunistic

Ciminelli's Opportunistic strategy targets development deals, underperforming properties in less competitive markets or on properties with unsustainable capital structures. Examples include ground-up development, property repositioning or distressed property conversion. Opportunistic investments are typically characterized by a larger portion of the return resulting from capital appreciation than current income.  

Contact Ryan Zebro, Vice President of Investments for details.

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