ACQUISITION. OWNERSHIP. MANAGEMENT.

Knickerbocker Asset Management (“Knickerbocker”) is a New York City-based real estate investment company that acquires, owns, and operates multifamily and mixed-use real estate in well-located geographies across the eastern United States.

Knickerbocker was founded by its principals on the basis of trust and transparency, with the common goal of providing maximum risk-adjusted returns to its investment partners, while aligning our interests by co-investing in each property acquisition.

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$104
MILLION

TRANSACTION VOLUME

30
YEARS

COMBINED EXPERIENCE

520
UNITS

ACQUIRED

INVESTMENT STRATEGY

Knickerbocker Asset Management acquires apartment communities in primary and secondary markets with existing cash flows, which provide the opportunity to force appreciation through various management strategies and capital improvements. Our firm identifies attractive risk-adjusted investments in key Metropolitan Statistical Areas (MSA’s) that exhibit population growth, low unemployment, job growth, and constrained supply. Knickerbocker’s thesis is predicated on the long-term demographic and macroeconomic trends driving the multifamily sector. The Knickerbocker principals focus on key growth factors, both near- and long-term, when evaluating a potential acquisition.

INVESTMENT PROCESS

Target Markets

Identify key MSA's with population growth, low unemployment, job growth, and constrained supply & strong demand.

Investment Analysis

Perform extensive research and analysis with risk-weighted underwriting fundamentals and downside protection.

Acquisition / Due Diligence

Partner with specialized market experts for all legal, financing, and inspections to ensure a smooth closing process.

Value-Add & Repositioning

Capitalize on strategic exterior and interior improvement programs, while creating management efficiencies.

Exit Strategy

Maximize returns through refinancings and dispositions via tactical and timely transactions.

WHY INVEST IN MULTIFAMILY?

CAPITAL PRESERVATION

Net Operating Income from the property pays down the debt, which in turn builds equity for investors to preserve their initial investment while providing strong risk-adjusted returns.

STABLE INVESTMENT

Investing in assets with pre-existing cash flows protects the downside risk and allows investors to benefit from active distributions, with additional upside through refinancings and dispositions.

PASSIVE INCOME

Real estate assets generate passive cash flow for its investors from the income generated by the property.

TAX BENEFITS

Investors benefit from the cash flow of the real estate which is offset by accelerated depreciation to reduce investor’s taxable income.

ACQUISITION CRITERIA

PROPERTY TYPE: Multifamily or Mixed-Use

ASSET CLASS: B+ to C- (primary focus on Class B)

TRANSACTION SIZE: $2,000,000 - $30,000,000

GEOGRAPHIES: Northeast & Southeast US

PROPERTY SIZE: 50 – 300 Units (smaller properties considered on a case-by-case basis)

PROPERTY SPECIFIC FACTORS

Below market rents

Deferred maintenance

Under-managed or under-performing assets

High vacancy rates relative to the submarket

LEADERSHIP

JUSTIN MOHR

PARTNER AND CO-FOUNDER

Justin Mohr is a Co-Founder and Partner of Knickerbocker Asset Management. Justin is responsible for sourcing new acquisitions, negotiations, arranging financing, and daily asset management of Knickerbocker’s portfolio, including overseeing the implementation of capital improvements. In addition, Justin is the driving force maintaining our broker and owner relationships, as well as capital raising and investor relations.

Mr. Mohr has been working in the commercial real estate industry for the last 10 years. Prior to co-founding Knickerbocker Asset Management, Mr. Mohr worked in the New York City office of HFF L.P., a leading provider of capital markets transaction services to the commercial real estate industry. Over the course of his four-year tenure with HFF, Mr. Mohr closed over $3.5 billion in debt and equity transactions, with a focus on multifamily, office and construction financing throughout the New York Metro area.

Prior to his experience at HFF, Mr. Mohr was an Appraiser at Metropolitan Valuation Services, Inc (MVS). While at MVS, he specialized in the valuation of multifamily, office, and commercial properties, with a focus on rent regulated apartment properties in New York City. Overall, Mr. Mohr has provided valuation services for over 200 apartment buildings containing over 10,000 units, and has successfully completed all of the NYS required appraisal courses.

Mr. Mohr graduated from Indiana University where he earned his Bachelor of Science in Business Management from the School of Public and Environmental Affairs and Bachelor Degree in Entrepreneurship from the Kelley School of Business.

RICHARD TALLER, MAI

PARTNER AND CO-FOUNDER

Richard Taller, MAI is a Co-Founder and Partner of Knickerbocker Asset Management. Richard is responsible for underwriting potential acquisitions, due diligence, and investor financial reporting.

Mr. Taller began investing in multifamily properties in the early 2000’s. Prior to his experience at Knickerbocker Asset Management, LLC, Mr. Taller was an Appraiser at Metropolitan Valuation Services, Inc (MVS). While at MVS, he specialized in the valuation of proposed and existing multifamily properties, land, and ground leases. Mr. Taller has provided valuation services for over $25 billion of real estate, inclusive of over 100 proposed and newly constructed luxury residential buildings containing over 30,000 units.

Mr. Taller holds a MAI certification with the Appraisal Institute and is a licensed Certified General Appraiser in New York and New Jersey. Mr. Taller earned his Bachelor of Science in Accounting and Finance from the Alfred Lerner School of Business at the University of Delaware and his Master of Science in Real Estate from the Schack Institute of Real Estate at New York University.

JOE SCHECK, CFA

DIRECTOR OF ACQUISITIONS

Joe Scheck, CFA is the Director of Acquisitions of Knickerbocker Asset Management where he is directly responsible for sourcing, closing, and execution of new investments.

Mr. Scheck has over 10 years of commercial real estate and finance experience. Prior to joining Knickerbocker Asset Management, Mr. Scheck was an Associate at a prominent Family Office in Chicago with a substantial multifamily and commercial real estate portfolio. Mr. Scheck played a key role in acquisitions, investments, finance, and data analytics. Prior to his role at the Family Office, Mr. Scheck was a Director at Essex Realty Group, a leading mid-market multifamily investment sales firm in Chicago, where he closed on nearly 100 transactions valued at $150M+.

Mr. Scheck graduated from the University of Iowa Tippie School of Business, is a CFA charter holder, and is a licensed real estate broker in Illinois. Mr. Scheck volunteers at the National MS Society Chicago Chapter and is Co-Chairmen of the Cohn-Weil MS Associate Board.

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