Heritage Capital Group (“Heritage”) is a private, third-generation, family-owned real estate investment, development and management company. In the mid-1900’s, Heritage started as an owner and manager of residential garden apartments in New Jersey. By the 1980’s, the firm owned more than 7,000 residential units and was one of the leading owners of residential real estate in the state. The firm then began investing in a diversity of commercial property types, growing over the next two decades as an investor in office, industrial and multifamily properties totaling more than 10 million SF in more than 20 states across the US. Beginning in 1993, Heritage started to accept outside equity partners. It has played an active part in Newark, New Jersey’s renaissance since 2000, having redeveloped over 800,000 square foot of CBD office buildings in downtown Newark, including 550 Broad Street, 570 Broad Street and Gateway 4 Center.
Heritage’s current portfolio consists of 18 properties across 8 states with an estimated value of approximately $1.0Bn. The portfolio includes 4.4 million square feet of industrial, 444 units of multifamily, 1 million SF of office/retail, and other development/land assets. On the 19 realized investments across industrial, office, and multifamily assets, the firm has generated 28% IRR and 2.4x Equity Multiple.
Jeffrey is a member of the third generation of the Greenberg family and leads Heritage. Jeffrey oversees all disciplines involved in the acquisition, financing and leasing of Heritage’s properties. Jeffrey received a B.A. in Philosophy from Colgate University, a J.D. from Boston University School of Law, and an M.S. in Real Estate from New York University. Jeffrey is a licensed real estate broker in New York and is licensed to practice law in New York, New Jersey and Colorado.