SSP is headed by Daniel Gleich who began his real estate career in 1993 at a small local brokerage firm, RB Miller & Associates. In 1995, Daniel moved on and founded B/Q Industrial Realty which focused on industrial & commercial properties in NYC’s outer boroughs. It was there that he worked with firms like the Museum of Modern Art and the McKesson Corporation. In 2000, the firm’s focus shifted toward the development of large scale projects like Anheuser Busch’s 150,000 square foot distribution facility in Bronx, NY, Prada USA’s 175,000 square foot US headquarters and distribution center in Secaucus, NJ, and the 250,000 square foot College Point Graphic Communications Center in Queens, NY. In 2005, the firm expanded its reach by focusing on “special situations” in the multi-family sector along the east coast. It was then that the name of the firm was changed to State Street Partners to reflect this change.
SSP Today
We don’t wait for opportunity to knock; we go out and find it. We look for fundamentally sound, yet underperforming, multi-family apartment properties in strong submarket locations nationwide. We look for properties that possess latent upside potential – 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 or financial restraints, overuse of leverage, foreclosure, bankruptcy by previous ownership, fire, Section 42 issues, etc. The multi-family owners/operators that we work with then actualize the property’s latent potential through professional management and marketing, strategic architectural and landscape renovations, and boosting tenant retention.
We don’t wait for opportunity to knock; we go out and find it. We look for fundamentally sound, yet underperforming, multi-family apartment properties in strong submarket locations nationwide. We look for properties that possess latent upside potential – 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 or financial restraints, overuse of leverage, foreclosure, bankruptcy by previous ownership, fire, Section 42 issues, etc. The multi-family owners/operators that we work with then actualize the property’s latent potential through professional management and marketing, strategic architectural and landscape renovations, and boosting tenant retention.
