- 100,000 square foot office and retail project on 125th Street, NY for a regional investment company. Served as the project director on all phases of the development, leasing and financing of the project.
- Acted as the fee developer on a land-assemblage in the West Village, New York. Directed all re-zoning efforts and general pre-development studies for a high-end residential and hotel concept. Once the assemblage was complete, assisted ownership in selling the project for a profit in excess of $10m on a $10m equity investment.
- Acquisition consulting for the purchase of a 230,000 square foot shopping center in Allentown, PA. Built customized financial models and reviewed all plans and leases on behalf of purchaser. Advised them on the soundness of the purchase price with potential risk-reward strategies. Utilizing the information provided by Daten, the purchaser was able to renegotiate more favorable terms and the transaction successfully closed on schedule in December 2009.
- Sale of multi-unit residential building in New York City. Advised owner on pricing strategy and represented them in the sale.
- Conducted a market study on several retail sites in New Jersey to help owner determine the highest and best use and to identify potential retail tenants.
Acquisition Criteria
Daten is currently seeking commercial and residential projects that posses a value-added component through lease-up, repositioning or development. The asset must possess one or a combination of intrinsics such as excellent location, discount to replacement cost, contain development rights, favorable assumable financing or stable cash-flow. While Daten focuses on the New York metropolitan market, it will consider projects in other markets on a case-by-case basis. The ideal acquisition size is from $3m-$20m, depending on the availability of financing. Equity is typically provided by Daten and a combination of private investment funds.