Real estate syndication is the assembling of funds from numerous investors and channeling those funds into real estate projects. Successfully syndicating real estate deal means more property and more profit in numerous ways. There are three ways you can successfully profit from real estate syndication, including acquisition fees, asset management fees, and equity participation (cash flow & appreciation).
Lawrence Wien, structured the first public real estate syndication in the 1930s. Today, Malkin Security’s portfolio holds a number of syndicated properties, including the Empire State Building. Malkin Security holds a portfolio of office properties, multi-family properties, and retail properties. Retail properties include, CVS Retail, East-West Manhattan Portfolio, The Gotham, Union Square Retail, Uniway, and Westport Main Street Retail.
Wein partnered with son-in-law Peter L. Malkin and Harry Helmsley in the 1950s. Today, the company is under the direction of Anthony Malkin with approximately 11 million square feet of trophy office space in the New York city area. 19 million square feet of retail space, and 1.4 million space for warehouse and distribution.
In recent news, Anthony Malkin announced Verifone Systems, Inc, the electronic payments giant, has leased the entire 32nd floor at W&H Properties’ 1400 Broadway. “1400 Broadway is continuing the trend established by 1333, 1350 and 1359 Broadway, which altogether underwent hundreds of millions of dollars in upgrade programs to reposition them and equip them with Class-A facilities and amenities,” said Malkin. “The brokerage community now recognizes that these three properties, as well as 1400 Broadway, are a perfect fit for quality office tenants seeking location, high standards, and value. The Mid-Broadway Office Corridor is a fast developing hub offering exceptional transportation convenience and embedded within a nascent 24/7 atmosphere.”
VeriFone has approximately 5,000 employees and is headquartered in San Jose, California. The firm provides merchant-operated, consumer-facing and self service payment systems for the financial, retail, hospitality, petroleum, government and healthcare markets. Other tenants at 1400 Broadway include the corporate offices of Kohl’s, Burlington, and Men’s Wearhouse.