NEW YORK

TGB invests in multifamily buildings with the goal of adding value to the monthly rental income and to the property as a whole.

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T G B N E W Y O R K

Why?

In 2015, we received our first direct investment opportunity in New York's RE market. Our first thought was to replicate the successful model we adopted in Brazil: investing in exceptionally well-located retail units. Stores in locations with a lot of foot traffic, such as Times Square, sounded perfect - the safety of an almost certain ability to replace tenants, if needed, in a unique location. However, after studying the city and the risks and particularities of the US retail market, we decided to pursue a different focus. We established a relationship with over 100 local developers and sponsors and dove into the market until we found our way: investing in Multi-family properties with value-add opportunities through growth in rental income.

What?

In three years we invested in fourteen deals in the city: two developments and twelve existing rental buildings. Our focus is to invest in Multi-family buildings, where agreements and renovations bring opportunities to add value to the monthly rental income and, subsequently, to the property itself, preparing it for a future sale.

How?

Know-How

Using our experience in the execution of over 200 developments and thousands of negotiations, we thoroughly analyzed more than 500 Real Estate deals in New York City. Ever since we arrived to the city, we studied the local construction patterns deeply and managed to add a series of enhancements to the projects that had been adopted by us in Brazil throughout the last decades. Our goal is to expand our base of local partners. Today we have solid relationships with four excellent New York companies.

Astoria Portfolio

30-44 32nd Street/31-36 32n Street/ 34-04 34th Avenue - Astoria, Queens, NY

Partner: Steelpoint - Investment: 27MM USD - A group of 3 four to five-story buildings in the promising Astoria, Queens. Our strategy is to renovate apartments and common areas - severely transforming, within a few years, building conditions and income levels.

750 Washington Ave

Prospect Heights, Brooklyn, NY

Partner: Witnick RE - Investment: 5.1MM - 1 Building, 16 Units - All Residential - Small four-story building in Prospect Heights, prime Brooklyn location. - With the end of the existing rentals, we renovated the apartments and common areas - severely transforming the conditions of the building and rental income. In a few years, we completely changed the building, preparing it to be sold or refinanced on a much better basis than in the one we acquired it.

243 Troy Avenue

Crown Heights, Brooklyn, NY

Partner: Witnick RE - Investment: 4.3MM - 1 Building, 17 Units - 12 Residential and 5 Retail units - As soon as the existing rental contracts expired, we renovated the apartments and common areas - severely transforming the conditions of the building and rental income in a few years, preparing it for a sale and / or refinance in a much better basis than in the one we acquired it

242-244-246-248 Bainbridge Street

Bedford-Stuyvesant, Brooklyn, NY

Partner: Witnick RE - Investment: 11.25MM USD - 4 Buildings, 34 Units - 32 Residential, 2 Antennas - Four consecutive four-story buildings in the historic and renowned Bedford-Stuyvesant ("Bed-Stuy") neighborhood. As soon as the existing rental contracts expired, we renovated the apartments and common areas - severely transforming the conditions of the building and rental income in a few years, preparing it for a sale and / or refinance in a much better basis than in the one we acquired it
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