JZCP has a growing diversified portfolio of US retail, office and residential properties in Brooklyn, New York and South Florida in partnership with an experienced team at RedSky Capital.
JZCP replicates its microcap strategy of purchasing assets at reasonable values in conjunction with excellent management teams. The underlying thesis of JZCP’s real estate portfolio is to acquire off-market properties with a large value-added component in neighbourhoods that are beginning to see rental and valuation growth.
As of August 2016, JZCP has invested more than $300 million in a real estate portfolio with a total capitalization of more than $1.2 billion.
Brooklyn is an area of significant investment opportunity, as it continues its renaissance. Parts that have been historically industrial, low-income and/or artist communities, are beginning to see seismic population changes, fuelled by an influx of young and affluent ex-Manhattan residents in search of more space and a trendier community. JZCP’s properties are located in the Williamsburg, Downtown Brooklyn, Greenpoint, and Bushwick - Wyckoff Heights neighbourhoods.
There are similar trends and opportunities in the Wynwood and Design District neighbourhoods of Miami, Florida. JZCP made its first investment in Miami in January 2015, and its first investment in West Palm Beach in July 2016.