Candlebrook Properties

Candlebrook is a diversified real estate company, headquartered in New York City, with operations in seven states. The company's expertise is in the development, redevelopment and repositioning of large-scale multi-family, student housing and mixed-use properties. The company's investment philosophy is value-oriented, in that the company seeks to i... dentify underperforming assets with untapped intrinsic value that can be realized by the company's vertically-integrated team of dedicated professionals. 2014 was the company's ninth full year of operation, and proved to be a landmark in the growth and progress of the company's business. The year began with the company's expansion into the Philadelphia market, where the company commenced the redevelopment of a five-building, 650-unit apartment complex. The company also completed the divestiture of the Pheasant Hollow apartment complex in Plainsboro, NJ, at a substantial return for the company's investors. Late in the year, the company launched Letter9, the company's dedicated student housing platform, with the acquisition of a $240 million portfolio of prime properties. Candlebrook is still a young company with a powerful entrepreneurial spirit. The company's team is goal-oriented, hands-on, and passionate. The company is always searching for new ways to expand the company's capabilities, deepen the company's relationships, and create value for the company's investors. I truly look forward to 2015, and the new opportunities it will bring.Read More