State Street Partners LLC is a full-service real estate brokerage firm that focuses on the acquisition and sale of "special situations" in the multi-family sector. We normally work with B/C properties ranging from 150 – 350+ units in B/C locations.
What are "Special Situations"?
We define our "special situations" as properties that possess latent upside potential, i.e. properties that are profitable and income producing, yet are underperforming, undermanaged (read: mismanaged), mispositioned, or under duress. This can be due to neglect or oversight by current management, lack of sufficient cash flow, overuse of leverage, foreclosure or bankruptcy by previous ownership, fire, Section 42 issues, etc.
We define our "special situations" as properties that possess latent upside potential, i.e. properties that are profitable and income producing, yet are underperforming, undermanaged (read: mismanaged), mispositioned, or under duress. This can be due to neglect or oversight by current management, lack of sufficient cash flow, overuse of leverage, foreclosure or bankruptcy by previous ownership, fire, Section 42 issues, etc.
