Portfolio

MANHATTAN

Emerald’s Manhattan portfolio consists of over 1500 units in developing areas of the city.

BRONX

The Bronx portfolio features many of Emerald’s very first acquisitions and serves as a testimony to the soundness of its repositioning philosophy.

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Consisting of approximately 1800 residential units spread across some 60-plus buildings, Emerald’s holdings in the Bronx span many of the borough’s diverse neighborhoods including Grand Concourse, Fordham University, Mott Haven, Hunts Point, Kingsbridge and others.

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BROOKLYN

The Brooklyn portfolio consists of 60 units in six residential buildings. Situated at the outskirts of Williamsburg’s neighboring communities.

ATLANTA

In April of 2017 Emerald purchased a 1,000 units apartment community in Tucker, Georgia

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In April of 2017 Emerald purchased a 1,000 units apartment community in Tucker, Georgia a suburb of Atlanta. Emerald successfully repositioned the portfolio through an expansive Capex program as well as a total rebranding of the property.

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ST LOUIS

Emerald first acquisition in St Louis was the Central West End City Portfolio

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located right between Washington University and Barnes Jewish Hospital. The portfolio consists of 3 historic landmark high-rise towers and a class A new construction building. The portfolio overlooks the expansive 1,371 acre Forest Park, home to the St. Louis Zoo, St. Louis Art Museum as well as multiple golf courses and other attractions.

Upon acquisition, Emerald embarked on a massive $9mm rehabilitation project, which includes a complete overhaul of the properties infrastructure, as well as the total renovation of the common areas and apartment units. The portfolio has been rebranded as “275 On The Park” and is being repositioned to be the premier multi family address in St Louis.

In May of 2019 Emerald acquired an additional 224 class A units in the Central West End Market. Emerald is focused on implementing its business plan for the properties, which include upgrading unit interiors, and enhancing the amenity spaces at the properties.

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COLUMBUS OH

In August of 2018 Emerald Equity Group closed on the purchase of a 557 unit portfolio in Columbus Ohio.

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The Columbus East Portfolio was an off-market transaction which Emerald identified as an opportunity for consistent cash flow combined with a value-add component. The portfolio was passively managed by its previous long-term owners and presented an opportunity to refresh the property and increase rents in line with the market. Upon acquisition, Emerald began to renovate or replace all roofs and elevated walkways as well as upgrade the unit interior and exteriors. Once the renovation campaign is complete the property is well positioned to capitalize on the surging Columbus real estate market by providing beautiful and affordable workforce housing.

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DALLAS TX

In November of 2018 Emerald closed on the purchase of a 25 story high-rise mixed use property in downtown Dallas Texas.

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The Manor House Apartments is a Dallas icon located in the heart of the downtown. Exuding a posh, classic retro design with world class amenities and services, Manor House has maintained its reputation for decades as one of infill Dallas’ most sophisticated apartment communities. The community offers concierge service, valet parking, and doorman services, all of which are available 24 hours.

The deal presents a great repositioning opportunity in a core plus market. This is a continuation of Emeralds business model to identify and reposition underperforming core assets in strong urban markets. Emerald partnered with Harbor Group International as a Joint Venture Partner on this deal. Emerald’s expertise and track record with value-add urban high-rise properties is complemented by Harbor Groups vast experience and resources in the greater Dallas market. The Emerald and Harbor union provides the deal with the tools critical to making this deal a success.

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NASHVILLE TN

In February of 2019 Emerald closed on a 408 unit portfolio in Nashville TN.

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With the acquisition the property was rebranded as “The Highland On Briley”. Located just outside the Nashville CBD, the property benefits from the surging Nashville market. With major corporations as Amazon deploying and expanding large resources in Nashville, Emerald has identified it as a market that it would like to invest and scale up in.

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NEW JERSEY

In September of 2019 Emerald acquired a portfolio of over 700 units in Central Jersey.

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This was acquired in an off market transaction consummated through Emeralds relationships with the seller.

Upon acquisition Emerald began implementing its business plan for the portfolio, which includes upgrading the unit interiors, and enhancing the amenity spaces at the property. As in every acquisition, the goal is to provide a better living experience for its residents, while delivering solid returns for its partners.

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