Asset Management

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.

asset management Case Study

85 Fourth Avenue

Opportunity

Rabina recognized the potential of the East Village in the 1960s and acquired 85 Fourth Avenue, a full blockfront property of 156,465 square feet. The building has 158 apartments and 16,500 square feet of ground floor retail space, plus a garage. Rabina recognized a significant opportunity to generate steady cash flow with investment, management focus and patience. Rabina also recaptured and upgraded the prime corner retail space.

Results

Over five decades, Rabina has transformed 85 Fourth Avenue from a marginal property into a core asset. By improving an average of five to 10 apartments per year, Rabina was able to optimize the rent roll steadily. Over time, commercial tenants were also brought up to market levels. With multiple income generators – residential, retail, service and entertainment – Rabina has created a property that delivers significant cash flow and diversified risk exposure.