Charles is an experienced real estate industry veteran with an impressive track record acquiring and managing multifamily commercial real estate assets. Charles started out managing a large portfolio of family-owned properties in NJ and PA. Over time, Charles became responsible for acquisitions and strategy development in addition to overseeing management. Ultimately, Charles oversaw the sourcing, identifying, and underwriting facilitating the purchase and sale of nearly $600 million across nearly 10,500 units of multifamily properties across the United States. After assessing the specific needs of each asset onsite until properties were stabilized, Charles typically installed qualified third-party management, and proceeded to actively implement and execute the business plan strategy. As of Q3 2021, the majority of 6,500+ unit acquisitions has been exited, and has delivered exceptional returns to investors, leaving Charles with the bandwidth to pursue the next round of targeted off-market opportunities.
Akiva has been active in finance, real estate and private equity for 25+ years, and has experience both as a lender and a principal. Holding senior management positions at several financial services firms for two decades, he developed corporate strategy, real estate finance and private equity assets.
At Churchill Financial Group, Rein and Company, Hampstead Financial and Parmann Ltd. Partners, Akiva was responsible for driving corporate strategy and advising clients on strategy and banking needs within the tech, real estate and financial services sectors.
Akiva has participated as an active investor in companies ranging from venture to stable private equity acquisitions and increasingly of late, on real estate development and acquisitions. In recent years, Akiva has concentrated on private equity transactions involving technologies that complement the real estate sector. In 2019, Akiva led his PE group in an acquisition of an Israeli-based international telemetry business, focused on smart metering for the real estate market and industrial IOT solutions. Since the acquisition, revenue has doubled, and profitability has increased nearly 10-fold, resulting in an increase in valuation of more than 300%.
With the near immediate added value afforded by utility sub-metering/billback in the multi-family and manufactured housing sectors, Akiva is uniquely positioned to evaluate properties hidden value and enable the identification of real estate investments with concealed NOI value.
Elliot has acted as a managing partner at ITI Capital, a private equity and real estate firm based in NY. Operating out of offices in New York, Indianapolis and Tel Aviv, ITI Capital focuses primarily on stable, real estate-based revenue generating technologies and commercial real estate opportunities.
Elliot has helped lead numerous private equity and real estate acquisitions since 2003 and has focused on finding unique opportunities and recognizing values not readily apparent on the surface. Using a diverse network of contacts across several continents and a multidisciplinary background has afforded him the ability to uniquely synthesize information to help identify latent business potential, solidifying the core and discover efficiencies.
Elliot draws on a two-decade background in marketing and strategy. Beginning his career in consumer packaged goods marketing, he spent five years in brand management with the Cosmair and L’Oreal retail brands. Following three years pursuing his master of international business and finance at Columbia University, he developed niche broadcast offerings primarily in multifamily properties, and has applied that knowledge to the areas of transmission of information wirelessly, whether by satellite RF or cellular.
In the last several years, Elie splits his time between the private equity group of companies that manufactures and installs IOT and water technology devices—mainly in multifamily and manufactured housing community properties, and real estate asset identification and acquisition in both the multifamily sector, as well as in the lucrative manufactured housing community space.