Connecting Sound Economics With Experience in Real Estate
Concordia Realty has been successfully adding value to real estate investments since 1989. Concordia has redeveloped, repositioned and revitalized or worked-out more than $350 million worth of real estate investments in California, Connecticut, Georgia, Illinois, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, New York, New Mexico, North Carolina, Pennsylvania, South Carolina and Wisconsin.
Concordia’s success has been continuous through the peaks and drops in the commercial real estate market including the S&L Crisis, the Dot Com Bust and the Great Recession.
Our experience extends to anchor tenant leases; ground leases; build-to-suit; ground-up development; remediating environmental contamination; overcoming geotechnical issues; complex entitlement processes; subdividing parcels; engineered water detention; large project construction oversight; navigating tenant bankruptcies; conventional financing; public-private partnerships in the form of sales tax rebates and tax increment financing; institutional co-investment asset management; creative financing in the form of loans from tenants and many other challenging situations.
Concordia’s wide ranging experience across a spectrum of real estate investments has delivered superior returns. Concordia’s unique skill set has added value in some very complicated real estate transactions.
HISTORY
Concordia Realty Corporation was founded in 1989 to provide shopping center leasing and development services to third-party owners. The firm has since grown to specialize in aggressive repositioning of shopping centers, apartment properties and freestanding commercial properties to create new value for its own account and third party partners. A related entity, Concordia Realty Management, Inc., provides third-party property management, property accounting and asset management services for private real estate ownership entities and institutional owners including: banks, insurance companies, hedge funds, pension fund managers and Real Estate Investment Trusts ( REIT ) and. Concordia Realty Corporation and Concordia Realty Management, Inc. have combined have developed, redeveloped, invested in, operated, managed and sold in excess of $300 million worth of commercial real estate since it’s founding. In 1999 the principals of Concordia, Skydan Group and TJS Investments formed Titan Real Estate Investors LLC to purchase multifamily investments with a successful exit strategy of converting the acquisitions to condominiums. In 2009, Concordia and Skydan Group formed a joint venture named Truefield Realty Advisors LLC, a real estate investment and operating firm that specializes in the opportunistic acquisition and repositioning of distressed single family homes, fractured condominium developments, value added apartment projects, high current yield multifamily acquisition opportunities, non-performing loans and mezzanine loan work-outs. Truefield has successfully raised institutional capital to purchase, renovate and sell at a profit many single family homes in the west suburban Chicago market. Truefield/Concordia have also successfully performed work-outs for banks, hedge funds and partnership dissolutions.
Concordia Realty has always focused on finding and maximizing the value of a property. Concordia Realty is able to realize the full potential of a property utilizing the following methods:
- Having Excellent Relationships with experienced Attorneys, Consultants, Contractors
- Research
- Aggressive Leasing & Sales
- Intensive Hands-on Property Management
- Expense Reduction and Cost Controls
- Construction Knowledge
- Extensive Development and Redevelopment Experience
- Ability to Utilize Municipal Zoning and Code Requirements
- Innovative Financing Techniques
