VISION & BEYOND (Photo: Abbie Sophia)
The real estate group VISION & BEYOND is expanding: after establishing its activities in two centers in the center and south of the USA, the real estate group, owned by the Israeli entrepreneurs Stas Greenberg and Peter Gizonterman, is opening a third office in New York. About a week ago, the company held a large launch event at the new offices in New
York York which are located in the center of Manhattan, near the largest investment bodies in the city. The company's owners Peter Gizonterman and Stas Greenberg, Roi Raz, director of operations in Israel, Todd Wenner, manager of the New York office, mortgage broker Meridian Capital, the heads of the leading law firms in the real estate field in the USA were present at the event. Adler & Stachenfeld LLP, partners and investors.
Consistent changes in New York
The decision to open a third office in New York was made after a thorough examination of the company and the realization that the market in New York has become attractive to investors.
Until recently, the real estate market in New York had a high entry threshold due to the expensive real estate prices, but in recent months there has been a consistent change resulting from deep processes related to housing laws and the change in the global employment model.
"It's a process that started already during the Corona period when many renters left their apartments in New York and returned to live with their parents," explains Petar Gizonterman, one of the owners of the group.
"In the past year we have seen a return of young people to the city, but today with the remote work model, some of them choose to continue working in New York but live in the warmer and cheaper Miami. All of this has led to a drop in real estate prices in New York and making it attractive as an investment destination."
As part of the development of the activity in New York, the founders of the company placed two of the senior management in New York: Todd Wenner, director of capital raising from institutions and Elliott Newman, chief investment officer.
Both have extensive experience in the New York market and are deeply familiar with the financial and real estate industry there. These days the group is looking at several projects that are offered for sale
. Opportunities. One of the most interesting opportunities is happening in New York. This is a real estate destination that continues to maintain its status as one of the hottest destinations, but in the last year prices have reached a level that is very interesting in terms of investment viability.
As we did in the other two centers we operate in, here too we will act responsibly and while examining risks."
The VISION & BEYOND group was founded for the purpose of locating, purchasing, improving and managing housing stocks in the USA.
The company currently operates in 7 areas of activity in the center and south of the USA and owns approximately 3,000 housing units throughout the USA with an estimated value of approximately 300 million dollars.
In November 2022, VISION & BEYOND, together with the IBI investment house, purchased a rental housing cluster in Houston, Texas for approximately NIS 50 million.
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