New York Commercial Real Estate Veteran Launches Investment Platform
New York, New York, April 5, 2016 (Newswire.com) - 30-year industry veteran and former Cofinance, Inc. President and COO James J. Maurer announced the launch of a new commercial real estate venture called JJM Realty Partners, LLC (www.jjmrp.com). The new firm operates as an investor and operator that specializes in shepherding real estate asset through the complete investment life-cycle, while developing synergies between international and U.S. investors.
“The time is right. The economic climate is ideal for launching an investment platform like JJM Realty Partners,” said company President James J. Maurer. “We strive to be the catalyst that brings together both international and U.S. investors to leverage commercial opportunities in secondary and tertiary markets. We are the firm with a global perspective, but with a local U.S. focus.”
"Despite whether one is optimistic or pessimistic about the asset markets, most players view America's real estate as safe for foreign investment"
James J. Maurer, President
Maurer points to an evolving trend of countries relaxing foreign investment limitations, and the growing strength of the U.S. economy when compared with other economies of the world. The result is an increased demand from foreign and domestic investors to invest here at home because the U.S. is once again viewed as a safe haven for their money. He has positioned JJMRP to support the unique investment requirements of international and domestic companies by focusing on smaller markets with a lower barrier to entry, potentially higher income and cash yields, and an overall lower risk profile, which Maurer says can lead to exceptional returns for joint-venture partners.
Through its network of partners, JJMRP has strong capabilities across the board, including real estate development, property management, asset management, capital markets, and CRE consulting. While open to all primary U.S. markets, the firm especially targets secondary and tertiary markets along the east coast and in the south. (Visit www.jjmrp.com/invest for market details.)
While the firm is seeking additional joint-venture participants, it already stands on a solid foundation of assets, funding options with long-time investor partners, and strong intellectual capital. As part of his amicable departure from long-time partner Cofinance, Maurer took a collection of properties with him to form the cornerstone of the new firm’s assets. Meanwhile, supporting the JJMRP leadership team is an advisory board of seasoned CRE professionals with disciplines focused in equity investment, debt structuring, development and foreign investment capital. (Visit www.jjmrp.com/about-us/leadership-team/ for more.) With these resources in place, JJMRP is well positioned to expand its investor pool with confidence and achieve its key objectives.
About the Principal
James J. Maurer is President of JJM Realty Partners, a commercial real estate investment, development, and management firm that partners with sophisticated international and U.S. capital sources. For the past 30 years, he has established a reputation as a skilled portfolio manager and a highly successful developer of large and complex commercial real estate investments. His experience includes more than $1 billion of acquisition, disposition, development and financing across various asset classes located in the United States, Canada, and Western Europe. The scope of his experience includes real estate development, property management, asset management, and capital markets. Before founding JJM Realty Partners, Jim served as President and Chief Operating Officer at Cofinance, Inc. While there, he developed the firm’s investment strategy, acquired assets totaling nearly $400 million, and was responsible for increasing the firm’s net worth by more than 80%. Over the last three decades, Jim has employed his entrepreneurial skills to make or save millions of dollars for some of the industry’s most successful firms including Manufacturers Hanover Trust, Mutual Beneficial Life, ARES Realty Capital (a subsidiary of Mutual of New York), and ING.