ESG Kullen ("ESG") is a leading force in multifamily ownership, investment, and repositioning throughout the United States. The firm has a rich legacy of delivering superior risk adjusted returns through a combination of value-add and opportunistic multifamily strategies.
ESG Kullen was launched in 2009 by New York real estate entrepreneur Eric Granowsky and Los Angeles based real estate developer Thomas DelPonti. The company's initial mission was to acquire and reposition distressed multifamily assets in Florida and Texas. Between 2010 and 2014 more than 3,000 REO and distressed apartments were acquired across 7 communities in San Antonio, Miami, Boca Raton, Orlando and Tampa. The total capitalization of these assets is in excess of $250,000,000.
of capital acquisition
of multi-family apartments
The co-founders, Eric Granowsky and Tom DelPonti, have over 50 years experience in the successful re-positioning and management of real estate enterprises across a wide variety of asset classes, including multifamily housing, urban parking, retail, commercial and development. The principals possess an equal blend of strategic, operational and analytical skills, which, combined with their boundless energy and enthusiasm for value-added properties has enabled them – even in turbulent economic times – to generate real value and real returns on real estate investments.
While building their real estate careers and business skills in Los Angeles and New York, the Pair's interest began emerging in asset re-positioning opportunities within the multifamily houseing sector. In 2009, in response to the changing landscape of the real estate investment market, Eric and Tom co-founded ESG Kullen LLC. Over the years, the partners have deployed nearly $750 million dollars of debt and equity capital – expanding ESG Kullen's holdings to more than 28 properties in 6 states.
ESG Kullen's portfolio is diverse. Deploying three quarters of a billion dollars of capital, the company's current holdings include:
of Commercial Office space in New Jersey
and New York
of Retail space in New York, New Jersey
of Multi-family housing in New York, Florida,
Texas and California
in 83 Parking Garages in New York City
*In addition, the company has recently closed 2 new acquisitions with a market capitalization of over $70 million in the 4th quarter of 2012.
ESG Kullen's multi-dimensional value add approach creates market-beating, risk-adjusted returns for our investors in 3 important ways:
We facilitate value on the "buy side" by focusing on distressed opportunities such
as; fractured condominiums, REO and
pre-foreclosure properties, and note purchases.
ESG achieves results through
aggressive asset management based
on our understanding of the
importance of early intervention in maintaining timelines and budgets.
ESG practices deal sourcing by utilizing
its strategic relationships with Lenders, Private Equity Firms, Attorneys, Accoun-
tants and Brokers to source off market
and under marketed opportunities in all
of its targeted geographies.
The ROI ESG Kullen has generated for its investors has consistently exceeded the market index. Even during the toughest economic times, ESG Kullen properties have delivered strong returns on investment, impacting its partners' bottom-line now and well into the future.
In ESG Kullen, you'll find a
trusted partner who is open, honest,
communicative, enterprising, reliable,
results-driven and 110% dedicated to
your return on investment. Now and
in the future.
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