Third Millennium
- Company typePrivate
- Founded1980
- HeadquartersBoca Raton, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Third Millennium firmographics
Firmographics- Name
- Third Millennium
- Legal name
- Third Millennium Group
- Website
- https://3rdmg.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Third Millennium industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)
Keywords
Where Third Millennium is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Third Millennium business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Others
Revenue model
- Real Estate Investment and Asset Management: The firm generates returns through acquisition, management, and growth of real estate portfolios. Revenue is derived from property appreciation, rental income from commercial tenants, and profit on property sales. The firm invests alongside corporations and private funds, sharing in both income returns and capital appreciation.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Third Millennium product offering
Product offeringCore offering
Third Millennium Group is a private real estate investment firm that invests alongside corporations, private funds, and family trusts in the acquisition, management, and growth of commercial real estate portfolios. The firm focuses on Class-A office towers, retail, warehouse/distribution, hotel, and residential properties across major US markets, generating returns through rental income, property appreciation, and profitable dispositions.
Product overview
Third Millennium Group is a private real estate investment firm that operates as a unified platform for acquiring, managing, and growing diverse real estate portfolios and corporate buy-outs. The company's offerings span multiple property categories including Class-A office towers (540 West Madison, 300 South Riverside Plaza, 237 Park Avenue, 315 Park Avenue South), retail properties (Walmart Store Portfolio), warehouse and distribution facilities (K Mart Distribution Centers, Farnsworth Warehouse Portfolio), hotels (Hotel Floridan, Nikko Hotel, Radisson Blu Sofia, Sheraton Portfolio, Best Western Portfolio, Guest Quarters, The Donatello), and residential portfolios (Metra Capital, Metra United Holdings, Forest Hills Properties, Paige East Properties). The firm invests alongside corporations and private funds, focusing on properties with unique opportunities for value creation through strategic acquisition, management, and disposition.
Differentiator
Problem solved
Functional benefit
Products and services
- 237 Park Avenue A 1.25 million square foot 21-story Class-A office tower located in New York City, held as part of the firm's active investment portfolio.
- 540 West Madison A 31-story, 1.1 million rentable square foot LEED-EB Platinum certified Class-A office building in Chicago's West Loop, designed by DeStefano & Partners.
- 300 South Riverside Plaza A 23-story glass-curtain-wall-clad 1.08 million rentable square foot LEED-EB Gold certified office tower in Chicago's West Loop, designed by Skidmore, Owings & Merrill.
- Walmart Store Portfolio A portfolio of NNN-leased Walmart stores acquired by investors led by Joseph Mizrachi and the Benetti Family Trust, eventually expanding to 42 properties across the continental United States.
- K Mart Distribution Centers Distribution center portfolio located in Brighton, CO and Greensboro, NC, NNN-leased to Kmart (later merged with Sears).
- J.P. Morgan International Plaza A 1.1 million square foot, three-tower office park in Dallas, Texas. Tower I and II were financed by and 100% triple-net leased to JP Morgan Chase.
- 315 Park Avenue South A 20-story (356,000 SF) office tower purchased by Third Millennium in 2001 with the Benetti Family Trust, financed through Bank of America with Credit Suisse as the property's largest tenant.
- The Apex at Las Colinas A 526,000 square foot Class-A office building in Las Colinas, Texas serving as the U.S. headquarters for NEC Corporation, leased on a triple-net basis.
- Farnsworth Warehouse Portfolio A portfolio of 29 warehouses and distribution facilities totaling nearly 2 million square feet and 169 acres in Memphis, Tennessee, with FedEx as a primary tenant.
- Metra Capital Portfolio An investment portfolio of 4,000 apartment units spread across 28 properties in Texas and Florida, generating 15% per year returns.
- 205 Montague Street Mixed-Use Development A $500 million mixed-use development project at 205 Montague Street in Brooklyn Heights, NY, comprising 90 rental residences, 46 luxury condominiums, and 40,000 SF of retail space.
Quantifiable outcome
- Sold 315 Park Avenue South in 2007 for approximately $150 million profit, achieving more than 10x equity multiple
- +2 more outcomes
Companies that use Third Millennium
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
Third Millennium technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Third Millennium partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- Landau PropertiescoreLandau Properties is one of three co-developers in the $500 million Brooklyn Heights mixed-use development project at 205 Montague Street, working alongside Third Millennium Group and Midtown Equities.
- Midtown EquitiescoreMidtown Equities is one of three co-developers in the $500 million Brooklyn Heights mixed-use development project at 205 Montague Street, working alongside Third Millennium Group and Landau Properties.
- Fortis Property GroupmajorThird Millennium Group partnered with Fortis Property Group on The Apex at Las Colinas acquisition (financing from Eurohypo Bank) and J.P. Morgan International Plaza purchase. Third Millennium sold its interest in The Apex to Fortis in 2015.
- Japan AirlinesmajorJapan Airlines partnered with Third Millennium Group principals on the Nikko Hotel at Beverly Hills development in 1991.
- Nikko Hotel GroupmajorNikko Hotel Group co-developed the Nikko Hotel at Beverly Hills with Third Millennium Group principals and Japan Airlines.
- American Realty TrustmajorThird Millennium Group principals partnered with American Realty Trust to purchase Metra Capital investment portfolio of 4,000 apartment units.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Third Millennium competitors and assessment
Company assessmentBroad incumbents
- Brookfield Asset Management: Global alternative asset manager with a large real estate investment platform; comparable in opportunistic, value-add, and core-plus real estate investing across property types and geographies.
- Tishman Speyer: Global real estate investment and development firm; comparable in trophy office acquisitions, mixed-use developments, and institutional co-investment activity, including NYC and Chicago CBD towers.
- The Related Companies: Large diversified real estate development and investment firm; comparable in office, residential, and mixed-use development activities though at substantially greater scale and capital base.
- SL Green Realty: NYC-focused office REIT and investment manager; directly comparable in Manhattan Class-A office ownership and management, including submarkets where Third Millennium has historically operated (Park Avenue, Madison Avenue).
- Blackstone Real Estate: Largest global real estate private equity platform; comparable in deploying institutional capital into commercial real estate portfolios and operating-partner-led investments, though at a vastly larger scale.
Direct peers
- Fisher Brothers: Privately held New York real estate investment and development firm with a multigenerational history; highly comparable as a family-controlled, diversified real estate investor active in the same Manhattan and major US markets.
- Landau Properties: Co-developer with Third Millennium on the 2025 Brooklyn Heights project; a private real estate firm with a comparable co-investment and development focus.
- Fortis Property Group: Direct co-investment partner alongside Third Millennium on The Apex at Las Colinas and J.P. Morgan International Plaza; a similarly sized private real estate investment firm pursuing office and large commercial opportunities — closest functional peer given shared deal history and mandate.
- Midtown Equities: Co-developer with Third Millennium on the 2025 $500M Brooklyn Heights mixed-use project; a private real estate investment and development firm pursuing value-add and ground-up deals in major US markets.
Emerging players
- Northwind Group: Real estate debt provider; senior lender on the 2025 Third Millennium-led Brooklyn Heights deal — comparable as a capital partner in similar mid-market real estate transactions, with a more focused debt-only mandate.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Third Millennium social profiles
Digital presenceThird Millennium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Third Millennium leadership team
Management profileNumber of profiles
Third Millennium funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Third Millennium M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Third Millennium
What does Third Millennium do?
Third Millennium Group is a private real estate investment firm that invests alongside corporations, private funds, and family trusts in the acquisition, management, and growth of commercial real estate portfolios. The firm focuses on Class-A office towers, retail, warehouse/distribution, hotel, and residential properties across major US markets, generating returns through rental income, property appreciation, and profitable dispositions.
Is Third Millennium a public or private company?
Third Millennium is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Third Millennium founded?
Third Millennium was founded in 1980. It employs 1 to 10 people.
Where is Third Millennium based?
Third Millennium is headquartered in Boca Raton, United States, in the North America region.
How does Third Millennium make money?
One revenue line is on record: real Estate Investment and Asset Management.
Who are Third Millennium's main competitors?
Broad incumbents on record are Brookfield Asset Management, Tishman Speyer, The Related Companies, SL Green Realty and Blackstone Real Estate. Direct peers are Fisher Brothers, Landau Properties, Fortis Property Group and Midtown Equities. Northwind Group is listed as an emerging player.
Does Third Millennium have an API?
No public API is recorded for Third Millennium.
What industry is Third Millennium in?
Third Millennium's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is FSAAADAH, Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest). Its NAICS code is 525 and its SIC code is 6532.