We forge lasting partnerships with best-in-class real estate operators and managers
Weinberg Capital Group has a long history investing in commercial real estate. Today we have interests in apartments, industrial single tenant and flex buildings, and neighborhood shopping centers. While our portfolio has evolved over the years, the investment strategy and business model, which follows our private equity business, has remained constant. In short — it begins and ends with relationships. We are dedicated to partnering with both growing and well-established managers, developers, operators, and ownership groups to jointly pursue opportunities with strong fundamentals and attractive risk-adjusted returns for us and our partners.
Carnegie-Weinberg — A Strategic Partnership With a Best-In-Class Owner/Manager
Carnegie-Weinberg (“CW”) is a real estate venture between Carnegie Companies, Inc., a leading national real estate owner/manager and Weinberg Capital Group. CW’s strategy is to acquire income producing properties that will generate both current yield and appreciation.
Carnegie Companies is a fourth-generation business owned by the Meisel and Pesses families. The senior leadership team includes the firm’s principals Paul Pesses and Peter Meisel as well as Fred Scalese and Cole Pesses. The company’s current portfolio is comprised of over 45 properties throughout the United States. www.carnegiecos.com
CW provides a very unique opportunity to invest alongside an experienced team with a long and successful history of providing attractive risk-adjusted returns via exceptional deal sourcing, in-house property management, risk mitigation, and asset management expertise.
CW invests and operates properties in a variety of segments, including: retail, multi-family, industrial, and office. CW’s primary focus has been recently focused within a sub-sector of retail. This core niche is to acquire small to mid-size (40,000 – 250,000 SF) neighborhood service-oriented shopping centers in secondary or tertiary markets that are often anchored by a grocery store. We only acquire properties that meet a strong set of criteria, including: value pricing, strong tenancy (including a good mix of national credit tenants) with minimal online shopping risk attributes, and strong demographics.
Among the hallmarks of our historical track record is our rigorous underwriting and risk mitigation. Another advantage of CW is our strong relationships with tenants throughout the United States. This advantage helps in our ability to analyze target opportunities and attract new tenants to our properties.
CW has a long history of successfully working with a variety of senior capital sources (mortgage funding), including: traditional banks, insurance companies and within the commercial mortgage backed securities (“CMBS”) markets. Additionally, both Weinberg and Carnegie possess significant capital which we each contribute as equity for our transactions as well as temporary bridge funding, where speed is required to close an attractive opportunity.
Selected Carnegie-Weinberg Investments:
- Sangamon Center North (Springfield, IL)
- Grand Haven & Beacon Square Shopping Centers (Grand Haven, MI)
- Concord Commons (Concord, NC)
Please contact John Herman at (216) 503-8305 or email him at jherman@weinbergcap.com to discuss partnership opportunities and real estate projects.