Acumen Capital Partners LLC (“Acumen”) is a private company focused on the ownership of real estate investment properties; specializing in the reuse of existing commercial buildings in New York City’s densely populated outer boroughs. The firm currently holds a portfolio in excess of 1.000,000 square feet of commercial property. primarily located in Williamsburg and Long Island City, New York. Acumen was founded by Jeffrey Rosenblum and Ashish Dua who have been partners since meeting at Time Equities, Inc. in 2004. At Time Equities Jeff and Ashish acquired over 8200.000.000 in property and oversaw the asset management of a portfolio of 18 properties located in 12 states valued in excess of $500,000.000 The two principals have over 40 years of combined experience in all aspects of the real estate industry including acquisition, leasing, management, financing, and construction. Acumen seeks to acquire well located properties and maximize their value through active asset management, leveraging the skills and experience of the firm’s principals. Key components of Acumen’s urban investing value enhancement strategy include asset repositioning. implementation of an energy efficient capital improvement program. operating expense reduction, and professional property management and leasing.
Acumen breathes new life into older buildings with environmentally sustainable renovations that attract companies \4410 share a similar corporate philosophy and in turn provide the local area with much needed jobs. The fin-n is conscious of the impact its projects have on local communities, and seeks to be socially responsible in its efforts. Acumen strives to involve the community in its projects through numerous methods, including the donation of gallery space to local artists in Acumen owned spaces and building lobbies. Acumen’s one acre rooftop fan-n, created by the Brooklyn Grange, above the Standard Motor Products Building in Long Island City is an ideal example of the firm’s commitment to combining community oriented and environmentally friendly features in its projects. The organic farm has greatly reduced the building’s carbon foot print while providing fresh local produce for the community via farmer’s markets in the building as well as a unique opportunity for local school children to visit an operational farm in New York City.
Jeffrey Rosenblum is a Co-Managing Member of Acumen Capital Partners LLC. With over 25 years of experience in the real estate industry, Jeff has consistently identified, acquired. and repositioned assets to deliver above market returns on value added transactions. From 1999 to 2007 Jeff served as Project Director of Acquisitions and Asset Management for Time Equities, Inc., a private real estate investment company owning a portfolio of over 20 million square feet of office, industrial, retail, and residential properties, in 27 states, 3 Canadian Provinces, and Europe. His duties include overseeing the development, management and leasing of a portfolio valued in excess of S500 million consisting of over 3,700,000 square feet of commercial and industrial real estate; the creation and maintenance of management systems and controls for the portfolio and the development of asset management strategies for each property within the portfolio. Throughout his career Jeff has acquired over S500.000.000 in assets and is currently a managing member with an ownership interest in 14 properties with a total value in excess of S375,000,000.
Prior to joining Time Equities, Jeff spent over 10 years as Vice President of Schuman Properties overseeing, developing, managing, and leasing a 1.000,000 plus square foot portfolio of retail office, and industrial properties, primarily located in Long Island City, New York. He is a licensed New York State Real Estate Broker, and holds a Bachelors degree from the University of Maryland and a Masters in Business Administration from Long Island University. In addition Jeff is a member of CORENET Global. the Long Island City Business Development Corporation and a founding member of the Steinway Street Business Improvement District (BID).
Ashish Dua is a Co-Managing Member of Acumen Capital Partners LLC. Ashish is a 3rd generation property owner with over 10 years experience in the real estate industry. Prior to co-founding Acumen Ashish served as Associate Director of Acquisitions and Asset Management at Time Equities, Inc. (-TEI”). a private real estate investment company owning a portfolio of over 20 million square feet of office, industrial. retail, and residential properties, in 27 states, 3 Canadian Provinces, and Europe. His duties included overseeing the asset management and leasing of a portfolio valued in excess of $250 million consisting of over 2,000.000 square feet of commercial and industrial real estate in 12 states.
Recently Ashish lead the acquisition of the $67.250.000 Miami International Airport portfolio, a, 800.000 square foot industrial and retail portfolio located adjacent to the Miami Intemational Airport. and the S34.500,000 Cantiague Rock Road portfolio, a 312.000 square foot industrial portfolio located in Westbury. New York. Prior to joining Time Equities. Ashish spent 3 years at Park Realty Associates. a private real estate brokerage firm based in Boston. He is a licensed New York State Real Estate Broker. holds a Bachelor’s in Business Administration from Boston University. and a Master’s of Science in Real Estate Finance from New York University. In addition, he is a member of the Long Island City Business Development Corporation and the National Association of Industrial and Office Properties.
Max Pastor is the Managing Director and General Counsel of Acumen Capital Partners LLC. Max’s primary responsibilities are to source new acquisition opportunities and to continue to expand and develop Acumen’s growing network of debt and equity partners. Max also serves as chief legal officer of Acumen and oversees outside counsel in all aspects of the company’s legal affairs.
From 2006 to 2009 Max was an Associate in the Real Estate Department in the New York City and West Palm Beach offices of the international law firm Edwards Angell Palmer & Dodge. LLP. Prior to joining Edwards Angell Palmer & Dodge. LLP, Max was Associate General Counsel at Time Equities. Inc., a private real estate investment company owning a portfolio of over 20 million square feet of office, industrial, retail and residential properties in 27 states, 3 Canadian provinces and Europe.
From 2003 to 2009 Max acted as counsel to owners, developers, lenders and investors in approximately S750,000,000 of real estate transactions. Such transactions included acquisitions, financings. ground-up developments and leasing. In addition, Max sourced and was an investment partner in the acquisition of a 350.000 square foot office building in Atlanta, Georgia. Other notable legal representations include the conversion of 125 Maiden Lane. New York. New York from an office building to commercial condominiums, the acquisitions and financings of numerous multi-family and mixed use properties in Miami Beach, Florida as well as acting as Florida counsel in the acquisition and financing of the Miami Industrial Portfolio. a 800,000 square foot industrial and retail portfolio located adjacent to the Miami international Airport.
Max received his B.A. from The Ohio State University and his J.D. from the Yeshiva University. Benjamin N. Cardozo School of Law. He is admitted to the Bar in both New York and Florida and currently resides in Connecticut with his wife and son.
The principals of Acumen Capital Partners LLC have extensive commercial real estate experience in the outer boroughs of New York City providing the firm with unique insights on these markets. The firm believes the current economic environment presents a rare opportunity to acquire well located industrial/manufacturing and commercial property at substantial discounts to replacement cost. The favorable acquisition pricing combined with strong market fundamentals and the operational capabilities of the company provide Acumen the ability to generate above market risk adjusted returns for the foreseeable future. Below is a brief list of factors creating strong conditions for Acumen to acquire these assets at attractive prices and enhance their value: