Emerald Empire

What Emerald Empire does

Emerald Empire Inc is a privately held, founder-controlled national real estate investment firm headquartered at 777 Chestnut Ridge Rd, Ste 301, Chestnut Ridge, NY, founded in 2014. The firm buys, owns, and operates a portfolio of residential and commercial properties across at least seven U.S. states — Illinois, Connecticut, Indiana, Oklahoma, Florida, Missouri, and New Jersey — spanning primary, secondary, and tertiary markets. The platform is organized around four asset classes: Multifamily (the primary focus), Office, Industrial, and Retail, with a stated portfolio of approximately $2 billion of invested capital and 12.5+ million square feet under ownership and self-management. Notable named assets include The Onyx on Hoyne (Chicago, IL), Peninsula Court (Bayonne, NJ), Shops at Boca Grove (Boca Raton, FL), The Port (St. Louis, MO), The Eclipse (Indianapolis, IN), Hartford Square North (Hartford, CT), and a cluster of Tulsa, Oklahoma multifamily properties.

The business model is value-add real estate investing: the firm targets off-market properties with strong fundamentals but requiring change, renovates and repositions them, and operates them through in-house property management to capture both operational income and asset appreciation. Revenue is generated through property operations (rental income from owned assets) and the eventual disposition of repositioned properties. Capital is raised through direct relationship-based sales to institutional investors (pension funds, endowments, family offices) and high-net-worth individuals; pricing is negotiated on a deal-by-deal basis. The single largest disclosed transaction is the 2022 acquisition of Pangea Properties' residential portfolio for $600 million.

The firm is led by Founder-CEO Moshe Wechsler and Co-Founder-President Yanky Hammer, with a management team of 51–100 employees organized into Finance, Accounting, Operations, Strategic Operations, Asset Management, Acquisitions, and Compliance functions. The go-to-market motion is enterprise field sales — direct engagement with qualified investors through the executive team rather than via intermediaries. There is no disclosed use of proprietary technology, AI/ML, or software products; the firm operates as a traditional vertically integrated real estate operator. Emerald Empire has inherited ongoing litigation tied to the Pangea portfolio, including a class action over alleged code violations and a settled whistleblower matter concerning Section 8 voucher billing.

Name

Emerald Empire

Legal name

Emerald Empire Inc

Website

https://emeraldempireinc.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Emerald Empire is a privately held, founder-controlled national real estate investment firm that buys, owns, and self-manages approximately $2 billion of multifamily, office, industrial, and retail properties across seven U.S. states, serving institutional investors and high-net-worth individuals through direct, relationship-based fundraising.

Ownership category

akta.pro rank

Headquarters

HQ city

Monsey

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others, Infrastructure

Revenue model

1. Real Estate Investment and Ownership: Emerald Empire generates revenue by acquiring, owning, and operating residential and commercial properties. The firm invests in properties with value-add potential, renovating and repositioning assets to increase their value and generate returns for investors. Revenue is derived from property operations, asset appreciation, and eventual disposition of properties.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Emerald Empire is a national real estate investment firm that buys, owns, and operates residential and commercial properties across U.S. primary, secondary, and tertiary markets. The firm invests thematically in high-quality assets with outsized growth potential, focusing on off-market properties with strong fundamentals but a need for change, executing a value-add strategy of renovation and repositioning. Revenue is derived from property operations, asset appreciation, and disposition of these assets for the benefit of its investor base.

Product overview

Emerald Empire is a national real estate investment firm that operates as a unified platform for acquiring, owning, and operating residential and commercial properties. The company has invested approximately $2 billion building a portfolio spanning over 12.5 million square feet of real estate. The portfolio is organized across four primary asset classes: Multifamily (residential apartments), Office, Industrial, and Retail properties. The company manages individual property investments including The Onyx on Hoyne, Peninsula Court, Shops at Boca Grove, The Port, The Eclipse, Hartford Square North, Grand Park Apartments, Crossings at Midtown, Premier Flats, Crossings at Minshall Park, Coral Club, Chateau 68, Crossings at Clairemont, and Union Point. Emerald Empire focuses on value-add investing through renovation, repositioning, and asset management, with a strategy of targeting off-market properties with strong fundamentals.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Investment Properties Residential apartment properties serving as the primary asset class for Emerald Empire's value-add investment strategy, distributed across primary, secondary, and tertiary U.S. markets and made available to investors through the firm's direct investment sales motion.
• Commercial Office Properties Commercial office properties included in Emerald Empire's diversified real estate portfolio, offered to investors as part of its thematic, value-add investment strategy.
• Industrial Properties Industrial properties included in Emerald Empire's diversified real estate portfolio and made available to investors through its direct investment sales channel.
• Retail Properties (Shops at Boca Grove) Retail commercial property investment, exemplified by Shops at Boca Grove in Boca Raton, Florida, included in Emerald Empire's diversified real estate portfolio for institutional and HNW investors.
• Value-Add Real Estate Investment Services End-to-end value-add real estate investment services encompassing off-market sourcing, renovation, repositioning, and ongoing self-managed property operations for institutional investors and high-net-worth individuals.

Quantifiable outcome

• 12.5 million+ square feet of real estate managed
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Pangea PropertiescoreStrategic or Co-development Partner · 1 January 2022Emerald Empire acquired Pangea Properties' entire portfolio of residential properties for $600 million in 2022. This acquisition represents one of Emerald Empire's largest portfolio purchases, expanding their presence in the residential real estate market. The deal involved properties that were subject to ongoing litigation regarding code violations and housing voucher fraud allegations.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Pretium Partners: Large-scale value-add residential and real estate investment manager with billions in deployed capital. Highly comparable to Emerald Empire's multifamily-focused, value-add buy-and-operate strategy.
• Harrison Street: Institutional alternative real estate investment manager operating across multiple property types for institutional clients. Comparable operating model and institutional LP base to Emerald Empire's.
• GTIS Partners: Real estate private equity firm investing across residential, office, industrial, and retail in U.S. primary and secondary markets. Closely matches Emerald Empire's multi-sector, multi-region value-add approach.
• Rialto Capital Management: Real estate investment and asset management firm focused on value-add and distressed commercial real estate across the U.S. Comparable mid-sized institutional RE operator profile.
• Rockpoint Group: Real estate private equity firm investing across multifamily, office, industrial, and retail in U.S. markets with an institutional LP base. Comparable multi-sector value-add operating model.

Broad incumbents

• Starwood Capital Group: One of the largest private real estate investment firms globally with a diversified multi-strategy platform including multifamily, office, industrial, and retail. Operates at a meaningfully larger scale than Emerald Empire.
• Brookfield Asset Management (Real Estate): Global alternative asset manager with a real estate platform investing across multifamily, office, industrial, and retail in U.S. markets. Comparable sector mix though at vastly greater scale.
• Blackstone Real Estate: World's largest real estate private equity platform with a value-add multifamily strategy (e.g., Tricon, AIR) overlapping Emerald Empire's multifamily value-add focus, though at much greater scale.
• Oaktree Capital Management (Real Estate): Alternative investment manager with a real estate opportunistic and value-add strategy targeting U.S. commercial real estate. Overlaps with Emerald Empire's investment thesis but at much larger scale.
• KKR Real Estate: Global alternative asset manager with an active U.S. real estate platform across multifamily and commercial sectors. Comparable institutional investor focus though at substantially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/emerald-empire-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Emerald Empire