ABOUT US 

Mission Statement:

       The firm operates as an investment vehicle.  The investment focus involves residential and commercial real estate, land, real estate related mutual funds and public companies.  Investments are centered on domestic properties but international opportunities can be found in the portfolio.

Goals and Objectives:

       Our current focus is targeted at bank owned REOs and pre-foreclosure properties.  The company adopts a deep value approach to purchases of the target investments.  FBREI sources these properties through financial institutions or well established licensed real estate brokers. REO properties are purchased, refurbished and sold in the open marketplace using well established brokers and multiple listings. Pre-foreclosure properties are sourced directly and by advertising in local newspapers.  The market area for direct real estate investments includes the New York City/Metropolitan area.  The focus is on northern New Jersey and southern New York State for both residential and commercial properties. 


       Commercial property investment can have a broader territorial approach depending on additional outside group support and monitoring.  Investments in commercial properties must have compelling reasons for dedicating cash into a long term investment.  Reasons for such investments could include factors such as new factory or expansion of a city, etc. 

 
       Mutual fund and public company investments have much broader parameters for the sake of lowering risk through diversification.  Hallmarks for these investments include high IRR, low standard deviation, low R2 to traditional investments, high alpha, geographical diversification and good overall historical performance supported by solid and consistent management.

      The second phase involves a longer term buy and hold strategy. The goal of such investments is positive cash flow derived from rental income along with capital appreciation.  Single family residences, multi family properties, mixed-use properties, shopping centers, office buildings, retail space, commercial warehouse and apartment complexes are typical real properties found at this stage.
 

Business Philosophy:

      Cautious but consistent growth best describes the business philosophy.  We are seeking good properties in strategically desirable locations that are owned by distressed sellers.  All decisions are made by all of the Managing Directors.  A 100% vote is required for all investments. 
 

Core Competencies:

        The key strength is the cohesiveness and experience of the management team.  The firm is well capitalized with access to additional funds from the Managing Directors either through subordinated demand loans or additional cash equity infusion.  Additional outside sources of interest have also been identified.