Slate Property Group

What Slate Property Group does

Slate Property Group is a New York City-based, vertically integrated real estate owner, operator, developer, and lender focused on multifamily housing across the capital structure. Founded in 2013 by Martin Nussbaum and David Schwartz, the firm operates through three integrated strategies — Slate Impact (affordable and supportive housing delivered with nonprofit partners), Slate Equity (market-rate, mixed-income, and for-sale condominium development), and Slate Credit (construction lending via SCALE Lending). As of 3/31/2026, Slate reports $10.1B+ in total transaction value, 13,000+ units developed and acquired since inception, and $4.5B+ in whole-loan originations since SCALE Lending's 2016 formation, supported by 130+ employees.

The platform is supported by wholly-owned operating subsidiaries covering the full asset lifecycle: SD Builders & Construction (general contracting), MGT (property management), Abode Residential (in-house residential brokerage), and SCALE Lending (real estate credit). Revenue is generated across three streams — equity-driven development gains, rental income, and dispositions; interest income, origination fees, and loan servicing on the credit book; and property management fees plus brokerage commissions. Recent transaction sizes range from $5M to $500M+ in equity and $50M–$150M+ in credit originations, with active projects spanning affordable and supportive housing, adaptive reuse (e.g., the Stewart Hotel, Baisley Pond Park), ground-up multifamily (The Yellowstone, Dutch House), and emerging forays into medical office and luxury condominium product.

Customers are split across three counterparty groups: low-income and formerly homeless residents of affordable and supportive developments, market-rate renters and condominium purchasers, and institutional or local owner-operator borrowers on the credit side. Distribution is relationship-driven, sourced through direct outreach to developers and borrowers, partnerships with mission-driven nonprofit co-developers (Breaking Ground, RiseBoro, Comunilife, Westhab, BACDYS), and capital-formation relationships with institutional financiers including Goldman Sachs Urban Investment Group, Ares, Starwood Capital, Fundamental Advisors, Wells Fargo, and JP Morgan.

Name

Slate Property Group

Legal name

Slate Property Group LLC

Website

https://slatepg.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Slate Property Group is a New York City-based vertically integrated multifamily real estate owner, operator, developer, and lender, executing affordable, mixed-income, and market-rate strategies across the capital structure with $10.1B+ in transaction value since 2013.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Development & Investment

NAICS

Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Multifamily real estate development
• Affordable housing investment
• Construction lending services
• Real estate asset management
• Property management services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Equity Development & Investment: Slate builds, owns, invests, and operates multifamily housing across market rate, mixed-income, and affordable segments. Revenue is generated through property development gains, rental income from owned assets, and proceeds from asset sales, recapitalizations, and refinancings. Slate has developed and acquired 13,000+ units since inception with $10.1B+ total transaction value.
2. Real Estate Credit Lending (SCALE Lending): Slate's credit division (SCALE Lending) directly originates $50–150M+ senior secured whole loans to local owner-operator borrowers for multifamily and condominium construction. Since 2016, the division has originated in excess of $4.5B in whole loans. Revenue is generated through interest income, origination fees, and loan servicing.
3. Property Management & Leasing: Slate operates a wholly-owned property management division (MGT) and an in-house residential brokerage (Abode Residential) that manages leasing for the portfolio. Revenue is derived from property management fees and brokerage commissions on residential leasing.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Slate Property Group is a New York City-based vertically integrated owner, operator, developer, and lender focused on multifamily housing across the capital structure. The firm develops, owns, and operates market-rate, mixed-income, and affordable multifamily properties, and through its SCALE Lending division directly originates $50–150M+ senior secured whole loans for multifamily construction. Operations span in-house acquisitions, development, construction (via SD Builders), property management (via MGT), and residential leasing (via Abode Residential).

Product overview

Slate Property Group is a vertically integrated real estate owner, operator, developer, and lender focused on multifamily housing across the capital structure. The company operates three integrated strategies: Slate Impact (affordable and supportive housing with nonprofit partners), Slate Equity (market rate and mixed-income development), and Slate Credit (construction lending via SCALE Lending). The platform encompasses in-house capabilities including acquisitions, asset management, development, construction (via SD Builders), leasing (via Abode Residential), and property management (via MGT). This multi-tiered approach covering debt and equity allows the firm to stay adaptable across market conditions while maintaining integrated operations from sourcing through ongoing asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Slate Impact Slate's affordable and supportive housing investment strategy that delivers and preserves housing for households earning 40–80% of Area Median Income, formerly homeless individuals, seniors, and low-income families, in partnership with nonprofit co-developers.
• Slate Equity Slate's market-rate and mixed-income equity investment strategy focused on value creation through development, redevelopment, and adaptive reuse of rental housing and for-sale condominium projects, with deal sizes ranging from $5M to $500M+.
• SCALE Lending (Slate Credit) Slate's credit division that directly originates $50–150M+ senior secured whole loans to local owner-operator borrowers for multifamily and condominium construction, land acquisition, redevelopment, and repositioning across the NYC metro and broader East Coast market.
• Abode Residential (Leasing Brokerage) Slate's wholly-owned residential leasing brokerage that manages initial and ongoing leasing for the owned portfolio and supports residents through dedicated leasing administration for both market rate and affordable assets.
• MGT (Property Management) Slate's wholly-owned property management division that runs day-to-day operations and maintenance of the multifamily portfolio using industry best practices.
• SD Builders & Construction Slate's affiliated general contractor and construction manager providing in-house construction services across affordable and market-rate multifamily development projects.

Quantifiable outcome

• 13,000+ units developed and acquired since inception; $10.1B+ total transaction value (as of 3/31/2026)
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core and minor.

• Thorobird CompaniescoreStrategic or Co-development Partner · 23 April 2026Slate and Thorobird Companies are co-developers of 570 Eldert Lane, a $160M, 213-unit affordable housing development in Brooklyn's Cypress Hills neighborhood. The project is transit-oriented, adjacent to the Grant Avenue A train station, financed through NYC Housing Development Corporation bonds and Goldman Sachs Alternatives.
• BACDYS (Bangladeshi American Community Development and Youth Services)coreStrategic or Co-development Partner · 23 April 2026BACDYS is a nonprofit partner on the 570 Eldert Lane development in Cypress Hills, Brooklyn. BACDYS will operate nearly 10,000 square feet of community space within the building and has a long history of serving the area's Bangladeshi American community. The project broke ground in April 2026 with targeted completion in June 2028.
• Breaking GroundcoreStrategic or Co-development Partner · 23 December 2025Slate Property Group and Breaking Ground (Breaking Ground Building and Restoring Lives) are co-developers of the Stewart Hotel conversion into 579 affordable housing units in Midtown Manhattan. Breaking Ground is a nonprofit specializing in supportive housing. The partnership acquired the hotel for $255M and plans a $500M total project with state financing of $87M, targeting completion by 2029.
• Xenolith PartnerscoreStrategic or Co-development Partner · 10 December 2025Slate Property Group, Xenolith Partners, and Comunilife were selected by the city to develop over 600 affordable housing units at La Ostra on a city-owned site in Inwood, Manhattan. The project will include units for seniors and low-income residents, a marine science center, and sports facilities.
• ComunilifecoreStrategic or Co-development Partner · 10 December 2025Slate Property Group, Xenolith Partners, and Comunilife were selected by the city to develop over 600 affordable housing units at La Ostra in Inwood, Manhattan. Comunilife provides social services expertise for the affordable and senior housing components.
• Pi Capital PartnersminorStrategic or Co-development Partner · 12 November 2025Slate and Pi Capital Partners are co-developers of a ground-up, high-end residential project near the Empire State Building, bringing approximately 95 residences to a prime Midtown Manhattan location.
• Evenhar Development CorporationminorStrategic or Co-development Partner · 8 September 2025Slate Property Group and Evenhar Development joined forces for a new medical property development at 1578 Lexington Avenue in East Harlem — a 13-story medical office and community facility building. Construction is underway and rising above street level.
• RiseBoro Community PartnershipcoreStrategic or Co-development Partner · 7 August 2025Slate partnered with RiseBoro Community Partnership on two major affordable housing projects: 326 Rockaway Avenue in Brownsville (216 units, including one of New York's largest Passive House supportive housing projects) and Baisley Pond Park (318 units from the conversion of the former JFK Hilton hotel). RiseBoro provides social services and community programming.
• WesthabcoreStrategic or Co-development Partner · 1 January 2023Slate partnered with Westhab, a nonprofit operator and service provider, to develop the 108 St Edwards building in Fort Greene, Brooklyn (105-unit transitional housing for families) and Rego Park Transitional Housing in Queens (88 units of transitional housing for families with children experiencing homelessness).
• SD Builders & Construction (affiliate)coreStrategic or Co-development Partner · 1 January 2023SD Builders & Construction is Slate's affiliated general contractor and construction manager. It services Slate's extensive project pipeline spanning affordable and market-rate multifamily projects, delivering across the full spectrum of multifamily living with in-house construction and operational expertise.
• Avenue Realty CapitalcoreStrategic or Co-development Partner · 1 February 2022Slate and Avenue Realty Capital have partnered on multiple joint ventures, including The Welz in East Williamsburg (162-unit partially affordable community), Dutch House in Queens (186-unit mixed-income property), 45 White St. in Tribeca ($32M acquisition), and 81 Franklin St. in Tribeca ($30M acquisition). They also jointly refinanced the Welz with a $64M refi from Starwood Capital.
• SCALE Lending (internal lending platform)coreStrategic or Co-development Partner · 1 January 2016SCALE Lending is Slate's wholly-owned real estate credit investment platform that directly originates $50–150M+ senior secured whole loans to borrower developers. Since formation in 2016, SCALE Lending has originated over $4.5B in whole loans, making it one of the most active construction lenders in the U.S.
• Urban PathwaysminorStrategic or Co-development PartnerUrban Pathways provides on-site supportive services at the 570 Eldert Lane development in Cypress Hills, Brooklyn, supporting the 66 units set aside for formerly homeless residents.
• Nate Berkus / BKSK ArchitectsminorStrategic or Co-development PartnerSlate Property Group partnered with designer Nate Berkus and BKSK Architects to develop The Katharine at 118 West 13th Street in Greenwich Village — a luxury condominium conversion of a former women-only dormitory, featuring Berkus's first-ever multifamily residential project.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Taconic Investment Partners: NYC-based multifamily value-add and ground-up developer-operator with significant NYC/Northeast deal flow. Comparable to Slate's market-rate equity development strategy on similar geographies and asset classes.
• A&E Real Estate Holdings: NYC-focused multifamily owner, operator, and developer with meaningful affordable and mixed-income housing exposure and integrated property management. Closely comparable to Slate's affordable-and-market-rate thesis and NYC geographic concentration.
• L+M Development Partners: One of NYC's largest privately held multifamily developers and owners with a deep affordable, mixed-income, and market-rate portfolio plus integrated property management. Most directly comparable to Slate's vertically integrated affordable-plus-market-rate developer-owner-operator model.
• ARK Real Estate Group: NYC-focused developer of affordable, supportive, and market-rate multifamily housing with deep municipal relationships. Closely comparable to Slate on affordable/supportive housing strategy, nonprofit partnerships, and NYC geographic concentration.
• Douglaston Development / Levine Builders: NYC multifamily developer with integrated general contracting arm (Levine Builders), affordable and market-rate portfolio, and long-standing NYC Housing Development Corporation relationships. Comparable vertically integrated developer-builder model with construction affiliate like Slate's SD Builders.
• Himmel + Meringoff Properties: Privately held NYC-focused owner, operator, and investor in multifamily and mixed-income residential real estate. Comparable on NYC multifamily ownership, value-add repositioning, and operationally intensive asset management.
• Gotham Organization: Privately held NYC multifamily owner, developer, and manager founded in 1984, with both market-rate and affordable assets. Comparable vertical integration on development, ownership, and property management in NYC.

Emerging players

• Pretium Partners: Major alternative investment manager focused on U.S. housing credit and equity, including single-family rental and multifamily construction lending. Comparable to Slate's SCALE Lending platform and combined credit-plus-equity housing thesis.

Broad incumbents

• Starwood Property Trust: Large-scale publicly traded commercial mortgage REIT active in NYC multifamily construction and bridge lending. Comparable to SCALE Lending on construction and transitional whole-loan origination, though far broader and more capital-markets-led.
• The Related Companies: One of the largest, most diversified US real estate firms with a major NYC multifamily and affordable footprint (Related Management, Related Capital, Related Builders). Broader and larger than Slate, but overlapping on NYC multifamily ownership, development, and mixed-income housing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/slate-property-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Slate Property Group