What is Simone Development Companies?
Simone Development Companies is a third-generation, family-owned real estate investment firm with nearly five decades of experience specializing in the acquisition, development, and management of diverse properties. Their portfolio spans over 7 million square feet across more than 100 properties, primarily in New York City and its surrounding suburbs. The company focuses on ambulatory healthcare facilities, mixed-use and medical office campuses, retail centers, industrial/flex spaces, and residential properties. Simone Development Companies is recognized for its vertically integrated management team and a strong track record of transforming underutilized sites into valuable community developments, serving healthcare providers, retail businesses, and residential tenants.
How much funding has Simone Development Companies raised?
Simone Development Companies has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Simone Development Companies?
With a substantial capital infusion and a history of successful development and revitalization projects, Simone Development Companies is well-positioned for continued expansion. The recent strategic investment, contextualized within a large-scale late-stage funding environment, suggests a focus on scaling operations, acquiring new prime real estate assets, and potentially developing larger, more complex projects. The firm's deep experience in the New York metropolitan area, coupled with its vertically integrated approach, provides a solid foundation for executing future growth strategies and enhancing community value through its real estate endeavors.
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