Socius Advisory

Experience and Perspective of Real Estate Industry Veterans

Managing Private-Public Relations

NYC Dept. of Housing Preservation and Development – SOCIUS has received multiple HPD approvals for affordable housing components within their ground up rental buildings

Metropolitan Transit Authority – Many SOCIUS projects required approvals from the MTA to build adjacent to and above MTA subway tunnels

FAA – SOCIUS has procured FAA approval for projects due to their height and proximity to airports

Affordable New York – SOCIUS has guided multiple rental projects through the NYS Affordable New York program, including vesting two large projects prior to the 2022 deadline.

ICAP – SOCIUS has extensive experience working with the NYC Department of Finance

Board Approvals - SOCIUS has worked with numerous Community Boards, Planning Boards and Architectural Review Boards in securing approvals for their development projects.

Advisory Team

Born out of the chaos that gripped the real estate community during Covid, Socius Advisory Group was formed when a multi-national Private Equity Fund asked for third-party oversight on two development projects they were funding as LPs. Family offices with complex portfolios have since retained SAD to create strategies for development, repositioning, and management of their properties.

The SOCIUS Advisory team is comprised of NYC-based industry veterans with long-established track records that include:

Repositioning of over 3 million square feet of office, retail, and hospitality assets
Financing of more than $1.5 billion of construction projects
Re-zonings in NYC, Westchester County, Connecticut, and Miami, Florida
Development of over 1.5 million square feet of new construction, including: •

Market Rate and Affordable Rental Housing
Retail - containing multinational tenants
Mid-rise and Hi-rise Condominium
Hospitality Projects
Mixed Use Ground Up Adaptive Re-use
Core and Shell Deliveries
Full Tenant Build Outs

Sample Advisory Projects

2024: Private Equity Fund - NYC Office Repositioning – SAG was retained by a New York-based Family Office to analyze the potential conversion of an existing office asset in NYC. This included a review of zoning, constructibility, and financial modeling of a potential conversion. SAG also presented potential options to enhance the existing office to make it more marketable to potential tenants.

2024: US-Based Family Office - NYC Garage Portfolio – Development Advisory - SAG was retained by a large NYC parking garage owner/operator to analyze the development potential of multiple garages throughout the portfolio. This included analyzing ongoing capital requirements for building maintenance, reviewing operating agreements, lease abstracts, zoning, and ultimately modeling the potential development of the garages. SAG also led negotiations on behalf of the Owner for the sale of two assets.

2023-Ongoing: Multinational Family Office – Development Advisory - SAG was retained by a multinational family office to represent their position as Co-GP in a large mixed-use development in Miami. The FO partnered with a well-respected local development firm to construct a large-scale mixed-use, ground-up project. SAG represents the FO as the project moves through the design phase and will continue to oversee the project on behalf of the FO during construction.

2023: Multinational Private Equity Fund – Development Advisory - SAG was retained by a major international private equity fund to review multiple developments in Manhattan. The fund holds Co-GP positions in these development projects and relies on the developer to successfully obtain tax abatements critical to the underwriting. SAG worked with the CM, design team, developer, and consultants to analyze the developments’ potential exposure to schedule, as it relates to tax abatement deadlines. Findings were issued and the developments proceeded.

2022: Family Office - NYC Retail Asset Repositioning -

SAG was retained to reposition a prime retail asset in Manhattan. The asset’s two largest tenants went dark following the COVID pandemic, leaving 75% of the space vacant.

SOCIUS negotiated with the existing lender to extend the loan, matching the monthly payment with the net income.
SDC prepared a plan for the client to receive a payout of the remaining tenant’s lease. This provided the required cash to re-construct and re-position the space. It also provided funding for TI’s on new leases.
A new asset management firm was brought in to run the leasing and management. The space is currently 75% leased, the loan is extended, and the debt service is in compliance.