The signature of The Witkoff Group is the company's ability to source opportunistic investments ahead of the market. The Witkoff Group focuses on acquiring high quality assets in which it recognizes significant growth potential. This potential comes in many forms such as repositioning through renovation, understanding the cycle of an emerging market, cutting costs or attracting major credit tenants. In all cases, the company's keen sense of timing enables it to buy real estate at the optimum moment and set the foundation to maximize future marketing strategies.

   Currently, The Witkoff Group has a diversified portfolio of commercial, industrial, hospitality, and residential real estate in the New York metropolitan area, New Jersey, Philadelphia, Chicago, Detroit, Hawaii and Dallas. The company's position as a leader in real estate investment is due to key skills that it brings to the process:

  • The ability to pursue complex transactions aggresively and apply sophisticated solutions to the acquisition process
  • Thorough knowledge of the markets in which the real estate is acquired
  • In-house capability to execute all facets of acquisition and asset management
  • A network of relationships with institutional owners that provides significant investment opportunities
  • A consistent track record of delivering on commitments to sellers, lenders, venture partners and tenants

   The national market continues to offer significant investment opportunities to those firms that have the expertise and liquidity to act quickly. Substantial portfolios of divested real estate from corporations, pension funds and financial institutions are anticipated to become available as firms continue to restructure and consolidate. The Witkoff Group is well positioned to capitalize on this investment trend, utilizing the resources of its relationships, its innovative structures and its ability to close swiftly.

TEN HANOVER SQUARE

When The Witkoff Group acquired Hanover Square - a 21-story office building in the Financial District of Manhattan - the property was vacant with approximately 522,000 available square feet of net rentable space. The initial strategy was to convert the building to residential use and capitalize on the numerous tax incentives offered to developers of downtown residential properties. Shortly after acquiring the property, The Witkoff Group became aware that the world's largest privately held investment banking firm was seeking a large block of office space. The Witkoff Group was able to move quickly and present an alternative plan of renovation, design and financing tailored to the company's needs. The entire process took only nine months from the first conversation with the prospective tenant to final occupancy. That swift contingency plan earned The Witkoff Group a long-term credit tenant that now occupies the entire building.

220 EAST 42nd STREET

This former headquarters of the Daily News is a landmark building and one of The Witkoff Group's most high profile acquisitions. Within the first six months of acquiring the 1.15 million square foot property from an institutional owner, the firm immediately took the asset through a rigorous cost-cutting regime that significantly lowered the building's expenses without compromising the quality of its services. The Witkoff Group also completed a substantial capital-improvement plan that repositioned the building from a "B" to an "A" asset and attracted the world's second largest advertising agency as a tenant. The company's ability to simultaneously reduce costs, execute the improvements and aggresively market the building resulted in 100% occupancy- up from approximately 80% at the time of acquisition - and greatly increased the property's value.
Contact us at: info@witkoff.com