Vertically Integrated Multi-Family Investment
We deliver results, and are excited about the future.
Founded in 2015 by an experienced, Wall Street-trained financial and operational team, Cedar Grove Capital leverages its vertically integrated operating structure, and disciplined screening process to deliver superior risk-adjusted returns for investors and partners.
Since inception, Principals of Cedar Grove Capital have invested ~$600M in market rate multi-family assets, and successfully exited numerous A, B, and C- class projects across 5 states, delivered net annual returns to LP's, with hold periods from 1 day, to 5 years.
We are grateful for the opportunity to reward hard work, and look forward to hearing from you. Please reach out.
Founder, CEO & CIO
What Matters to Us
We Focus on acquisitions in areas with economically diverse employment drivers and sustainable long term growth prospects, not reliant on a single industry.
We identify value and margin of safety based on ease of operational improvements, and by discount to replacement cost, comps, and in-place cash yield.
We look for stabilized occupancy, market positioning and recently profitableoperations.Sustainable cash flow immediately after acquisition.
Most of our opportunities are off-market, and come from our network.
As analysts, asset managers, operators, and construction managers we choose to invest in projects which play to our strengths.
We implement proven strategies, and manage with diligent oversight to increase resturns on our investments.
Our strict underwriting guidelines are differentiated by local economic drivers and market dynamics
We optimize capital structure with debt and equity mix specific to business plans
We review & approve budgets, business plans, lease and capital projects
We develop, manage and report on key performance indicators
We lead hands-on value-add strategies: both high level and day- to-day
We analyze and report on investment and property-level performance
CEO & CIO
Prior to CGC, Mr. Gorin spent 10 years on Wall Street as an Equity Analyst and Venture Capitalist at Morgan Stanley and Merrill Lynch. Aaron has been featured on CNBC, Bloomberg, and other venues for his research and analysis. Aaron holds a BA and MA in Economics from Cornell University. Aaron lives in New York with his wife and 6 children and is active in several local non-profits, including those that provide supportive housing for U.S. military veterans.
Mr. Levitz’s experience is considerable; he has managed a sizable portfolio that included class A-B-C-D urban and suburban multi- family, as well commercial, retail, and hospitality properties in the New York Tri- state area and on the US East Coast. Mr. Levitz holds a BA from Queens College and a Masters in Clinical Social Work from Yeshiva University.
Head of capital markets and Asset management
Mr. Nagi has over 15 years of experience working with private equity funds, hedge funds and institutional investors on business development, risk, portfolio management, and operations. Prior to CGC, Michael worked at Bloomberg LP on the Alternative Investor Desk connecting investors and fund managers seeking capital. Michael has helped to establish multiple funds including being one of the earliest team-members of Blackstone’s GSO Capital.