APF Properties is a fully integrated real estate investment and management firm founded in 1995 with just $750,000 in capital by Kenneth Aschendorf and Berndt Perl. Today, the firm owns a two million square foot office portfolio valued in excess of $1 billion. APF Properties focuses on commercial office buildings in New York, Philadelphia and Houston. The firm’s key competitive success factor is the repositioning of assets through extensive building upgrades, additions, re-tenanting and innovative branding campaigns. In New York, its focus is on boutique buildings in ‘A’ locations which it has acquired and transformed into ‘best in class’ properties utilizing their hands-on expertise. All of APF Properties’ buildings in New York City cater to small and mid-sized tenants, and the firm has developed a strong network of broker relationships specializing in this segment. APF Properties’ entire office building portfolio is LEED Gold Certified.
Drake Street Partners is a private real estate company that utilizes its extensive expertise to invest in real estate in the New York metro area. The company creates value for investors by acquiring and improving properties and focusing on repositioning, renovation, and intensive asset management. In addition to 60 Charlton Street, Drake Street Partners is currently developing two Class ‘A’ office buildings in Long Island City totaling over 410,000 square feet with a total valuation in excess of $200 million. Stuart Milstein founded Drake Street Partners in January 2015 and has acquired over $5 billion of real estate assets. He has worked on the asset management, repositioning and lease-up of over five million square feet, primarily in the New York area.