Eastone Equities: A Full-Service Private Equity Firm with a Strong Focus on Real Estate
Eastone Equities, a New York City-based private equity firm, has been a prominent player in the real estate industry for over two decades. With a strong presence in top-tier markets such as New York, Boston, and Miami, the firm boasts an impressive portfolio of projects that span various sectors, including hotel, multifamily, office, retail, industrial, and mixed-use properties. Eastone's primary mission is to treat each project with integrity and each client with respect, and this dedication to excellence has contributed to its continued growth and success.
Founded in 1998, Eastone Equities has developed a strong reputation for its expertise in financial services, fintech, and real estate development. Over the past 15 years, the firm and its affiliated companies have invested, acquired, financed, developed, and managed more than 4 million square feet of properties. Currently, Eastone owns approximately 3.6 million square feet of buildable area under construction or to be developed, with a projected value of over $1 billion upon completion. The company also has 10 million square feet of buildable area under early-stage planning for future pipeline projects.
The firm's involvement in real estate extends to a broad range of businesses, including construction, development, asset acquisition and disposition, property management, insurance brokerage, and title services. Eastone's commitment to providing a full suite of services has contributed to its impressive growth rate of more than 30% per year and an average annual rate of return between 25% and 30% on a net basis. Over the past 15 years, the weighted average internal rate of return (IRR) for its real estate development portfolio has exceeded 36%.
Eastone Equities' success can be attributed to its extensive cross-industry experience and its ability to leverage strategic partnerships in key markets. The firm's strong relationships with financial institutions, developers, and other industry players enable it to create value for its investors and clients through innovative solutions and targeted investments.
The company's headquarters are located at 353 Lexington Avenue in New York City, a prime location that underscores its connection to the vibrant real estate market in the region. Eastone Equities' website, http://www.eastoneequities.com, provides further information about the firm's services, expertise, and portfolio of projects.
In conclusion, Eastone Equities has established itself as a full-service private equity firm with a strong focus on real estate, demonstrating an impressive track record of growth and success over the past two decades. Its dedication to treating each project with integrity and each client with respect has enabled the firm to create lasting value for its investors and clients, and it is poised for continued success in the future.