Acquisition | Rabina

THE VISION TO REALIZE LONG-TERM VALUE

Rabina has led the development of more than three million square feet of projects, from its first, a retail center and parking garage in Miami Beach, to its latest, a high-rise, mixed-use tower in the heart of mid-town Manhattan, presently in pre-development. Other Rabina developments have included state-of-the-art data center projects, thousands of residential units in New York City and South Florida, and more than two million square feet of industrial distribution.

Rabina has partnered on projects with leading developers including the Related Company of Florida, JD Carlisle Development, Hillwood Development Company, Rose Associates and the Worldwide Group. Rabina’s development pipeline includes an addition to an existing Brooklyn office building that will roughly double its square footage, built-to-suit data center projects, and more than 600 luxury residences.

IDENTIFYING THE REAL OPPORTUNITIES

With deep experience across asset classes cultivated over many years, Rabina underwrites with confidence in markets all over the United States and beyond. Once an acquisition target is identified, Rabina relies on the determination of its leadership and its financial strength to move aggressively to close.

BUILDING VALUE ON OUR PROPERTIES

Rabina’s acquisition targets are often difficult, misunderstood or underperforming assets that require a steady hand and careful management. Whether an asset requires the perfect tenant for existing space, physical improvements, repositioning to meet a particular market demand, or maneuvering through legal and regulatory issues, Rabina has the skill, resources, and patience to roll up its sleeves and execute a long-term strategy to bring assets to their full potential.

CAPITAL, JUDGMENT & AGILITY

Since 1992, Rabina has originated and purchased more than two billion dollars of loans. As experienced owners and appraisers of real estate, Rabina has the ability to underwrite the real value of underlying collateral and execute the appropriate strategy, whether through restructuring, recapitalizing, or using our operational skills to solve problems.

acquisition Case Study

110 Fifth Avenue

Opportunity

Originally known as the Judge Building, 110 Fifth Avenue is a 170,000 square foot, 11-story office building in New York’s Flatiron District designed by the renowned firm of McKim, Mead & White and constructed in 1888. In 1996, just as The New York Times Company elected to sell the property, the sole office tenant announced plans to relocate to Midtown. Within the first year, the office portion of the building was completely leased at record-breaking rents for the neighborhood.

Results

As one of the premier office buildings in the Flatiron District, 110 Fifth Avenue is currently home to a range of innovative companies, including Compass, a technology-focused real estate firm, and Swedish multinational fast-fashion clothing retailer H&M, which located its U.S. headquarters in the building. Rent for office space in this asset has grown from $23 per foot at the time of purchase to almost four times that number nearly 25years later.