Slate Property Group

ORIGINATOR PROFILE

Slate Property Group (“SPG”) was founded in 2013 by Martin Nussbaum and David Schwartz as a vertically integrated, owner, operator, and developer of commercial real estate in the New York metropolitan area. SPG employs 120 full-time employees across the firm and its subsidiaries which include companies specializing in construction management, property management, leasing, lending, transitional housing and homeless shelters. From adaptive reuse and repositioning of existing assets to ground-up development, SPG leverages its proven expertise and planned approach to provide superior risk-adjusted returns on its investments to investors. Since its inception, SPG has purchased and developed over $4 billion in real estate totaling 3,000 multifamily units across approximately 50 investments and realized returns on 20 investments with an average internal rate of return of 26.5%. Their current portfolio consists of 34 assets in the New York City MSA that total 2,800 multifamily units and 71 commercial units, or approximately 2.6 million square feet in total. As of Dec 2022, the Slate Property Group has offered two investment opportunities on the Yieldstreet platform; the first being a debt financing investment and the other an equity opportunity.

Management

David Schwartz – Principal

David Schwartz is a co-founding Principal of Slate Property Group. David currently runs all development and construction projects for Slate. He also shares responsibility for all acquisitions and investment decisions and leads Slate’s impact investing with a focus on affordable housing for individuals and families experiencing homelessness. Prior to Slate, David co-founded two New York City based development firms. He was responsible for the development of over 1,000 units throughout New York City representing over 750,000 square feet. Prior to founding his own development firms, David worked for Crescent Heights of America where he was involved in over $500M in ground up residential developments representing over 1,000 units. Throughout David’s career he has been involved in the development of almost $5 billion in real estate. Prior to Crescent Heights of America, David worked at Lux Capital and J.P. Morgan.

Martin Nussbaum – Principal

Martin Nussbaum is a co-founding Principal of Slate Property Group. Martin has over 20 years of real estate investment, development and operational experience throughout the United States. He oversees the strategic vision behind the company’s multiple business platforms, investment decisions, capital market relationships and execution of its portfolio. Throughout his career, he has acquired over $8 billion worth of real estate in all asset classes. Prior to Slate, Martin was the co-founder and managing partner of Silverstone Property Group, a full-service real estate owner and operator that purchased over $1 billion of New York real estate assets. Prior to Silverstone, Martin worked for a family office overseeing a portfolio of over 5,000 apartments and three million square feet of commercial property throughout the New York tri-state area. He started his real estate career at Wells Hill Partners, a real estate investment bank based in New York.

Investors

Originators

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