Based in New York City, Ariel Property Advisors is a commercial real estate services and advisory company organized into separate groups for Investment Sales, Capital Services and Research. All three work together as one team and collaborate with our strategic partner, GREA (Global Real Estate Advisors), a nationwide network of independent real estate investment services companies.

APA-Annual-Review-2023

Year in Review – 01/24

Dear Friend,

In New York City in 2023, we saw high interest rates depress investment sales, create turmoil in the banking sector and cause distress, especially among rent stabilized and office properties. Looking ahead, however, Fed policymakers indicate that if economic conditions remain positive, they will make multiple rate cuts next year, which will give owners and investors much needed relief. In addition, positive demand factors such as job growth, tourism, retail foot traffic and subway ridership substantially increase the likelihood of an active 2024.

Despite the challenges last year, Ariel’s Investment Sales, Capital Services and Research Groups ended the year with a string of accomplishments:

• Ariel was ranked second among New York City’s brokerages based on the number of multifamily properties sold, and fifth based on the dollar amount of those transactions (source:Real Estate Alert). And, our Investment Sales advisors continued to lead in affordable housing sales by arranging two of the City’s most significant transactions–the Sea Park Portfolio for $150 million and the Heighliner Portfolio for $45.2
  million.
• Our Capital Services group expanded and helped clients navigate the “higher for longer” interest rate environment. Throughout New York City and other areas of the country, the team successfully arranged construction loans as well as refinancings and acquisition loans for mixed-use, rent stabilized and affordable assets.
• Ariel’s “Advisory First Platform” enabled the dedicated analysts in our Research Group to advise on several consulting assignments including a major project for an institutional client bidding on notes in the FDIC – Signature Bank Portfolio, leveraging all our professionals’ market expertise to thoroughly and efficiently underwrite nearly 1,000 properties in two weeks. Additionally, for 13 straight years, Ariel’s Research Group continued to dominate New York City’s commercial real estate industry by consistently producing research reports that serve as a popular resource for clients and the media.

We also expanded our team in 2023. My partners and I welcomed several new key members: Chris Brodhead, Ben Schlegel, John Fenrich, Nikola Cosic, Alix Curtin, Jake Brody and Erik Moloney. Over the years, we have grown organically, focusing on “Core Values” for any new hire as we are “One Team” first. Collaboration has always been the ethos of our company. This culture was instrumental in our team receiving a number of industry awards last year including being named to the Commercial Observer’s prestigious Power 100.

I’m proud of our team and the ways in which we put Ariel’s values into action every day to achieve the objectives of our clients and help our communities. We encourage local leadership and support our professionals in their social responsibility initiatives with both money and time.

Finally, following the terrorist attacks on Israel on October 7, I’ve been disappointed by the lack of moral clarity exhibited by some as well as the anti-Jewish, anti-Israel and anti-American rhetoric. Accordingly, at Ariel, we will continue to support groups that educate for tolerance with no double standards, support American values worldwide and fight for upward mobility based on merit, hard work and talent. To this end, our local leadership efforts are focused on several organizations including: the UJA-Federation of New York, Legal Outreach, FIDF, Inner-City Scholarship Fund, Civic Builders, Belev Echad and many others. Our goal is to keep empowering those who want to better their lives through education, tolerance and our shared values. My hope is that we can work with likeminded organizations to ensure the dignity and safety of all Americans.

Ariel’s mission is to provide real estate expertise that empowers clients, employees and communities to reach their full potential. We look forward to continuing to advise our clients next year and help them achieve their investment sales and financial goals.

Warm Regards,
Shimon Shkury
President & Founder
212.544.9500 ext. 11
[email protected]