“Differentiated Real Estate” Draws Investor Attention To Marquee Transactions

April 26th, 2017

I am writing to encourage you to contact the undersigned to discuss investing in one of the best mid-town Manhattan condo mixed used projects which we are the exclusive advisor on.

To state the obvious, all Manhattan condominium investment opportunities are not created equal and investors need to be discriminating in determining which real estate transactions to invest in.

The purpose of this email is to encourage you to contact the undersigned if you are interested in investing $100 million of preferred equity in a fully financed, under construction five star condominium mixed use project that will generate a mid 20’s IRR and 2x multiple with one of the best developers in New York.

This project benefits from three different revenue generators which include a 5/6 star hotel, “high street” grade level retail and best in class luxury condominiums which are priced to sell between $6 million to $9 million and where you basis is under $2,000 psf.

I look forward to hearing from you.

Thanks,

Howard L. Michaels
Chairman

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