Amtrust Realty Corp
AmTrust Realty Corp (AmTrustRE) is a privately held, vertically integrated commercial real estate owner and operator managing approximately 12 million square feet of office and luxury residential properties across 10+ major U.S. markets, including New York City, Chicago, and Ohio. The company acquires underpriced assets, repositions them through capital improvements, and leases space to enterprise tenants via in-house teams and broker relationships.
- Company typePrivate
- Founded1993
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Amtrust Realty Corp does
AmTrust Realty Corp, operating as AmTrustRE, is a privately held, vertically integrated commercial real estate owner, operator, and investor founded in 1993 and headquartered in New York City with a regional headquarters in Chicago. The company manages a multi-billion-dollar national portfolio of approximately 12 million square feet spanning more than 10 major U.S. markets, with named holdings concentrated in Manhattan (59 Maiden Lane, 250 Broadway, 260 Madison Avenue, 360 Lexington, 203 Jay Street, The Amberly, Hudson Point), Chicago (One East Wacker, 33 North Dearborn, One/Two Illinois Center, Parkline Chicago, 220 West Illinois, 135 South LaSalle), and Toledo, Ohio (One SeaGate). Its core platform integrates five functional services — acquisition, development, asset management, leasing, and property management — delivered through in-house teams working alongside external brokerage relationships.
AmTrustRE's revenue model is anchored in recurring rental income from office and luxury residential tenants, supplemented by capital appreciation realized through the acquisition of underpriced assets and subsequent repositioning. Recent transactions include the $211M acquisition of 260 Madison Avenue from The Sapir Organization (December 2025), $77M for 220 West Illinois in Chicago (March 2026), $65.5M for 360 Lexington Avenue (November 2024), and approximately $88M for Parkline Chicago (September 2024) — collectively exceeding $600M of capital deployment in 18 months. Tenants span commercial real estate brokerage (Marcus & Millichap, JLL), legal (Rose & Rose), nonprofit (Citymeals on Wheels), coworking (WeWork), and hospitality, with leasing executed via in-house teams and broker channels on negotiated, per-tenant terms.
The company is led by President Jonathan Bennett (formerly of Nakash Holdings), CFO Stuart Axelrod (formerly of Lehman Brothers, Citigroup, and First Sentier Investors), and a senior team with prior experience at Tishman Speyer, Silverstein Properties, Cushman & Wakefield, Ernst & Young, and Nakash Holdings. The firm emphasizes value-add execution on well-located assets and is currently expanding into residential conversions and the Chicago multifamily market while maintaining a private ownership structure with no disclosed institutional backing.
Amtrust Realty Corp firmographics
Firmographics- Name
- Amtrust Realty Corp
- Legal name
- AmTrust Realty Corp
- Website
- https://amtrustre.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AmTrust Realty Corp (AmTrustRE) is a privately held, vertically integrated commercial real estate owner and operator managing approximately 12 million square feet of office and luxury residential properties across 10+ major U.S. markets, including New York City, Chicago, and Ohio. The company acquires underpriced assets, repositions them through capital improvements, and leases space to enterprise tenants via in-house teams and broker relationships.
- Ownership category
- akta.pro rank
Amtrust Realty Corp industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Offices of Real Estate Agents and Brokers (53121)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
- akta.pro secondary industry
- Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)
Keywords
Where Amtrust Realty Corp is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Amtrust Realty Corp business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Commercial Real Estate Rental Income: AmTrustRE generates primary revenue through rental income from its multi-billion-dollar portfolio of office and residential properties across major U.S. markets. The company owns, operates, and invests in properties including office towers, luxury residential buildings, and mixed-use developments, collecting ongoing rent from tenants.
- Property Value Appreciation and Asset Sales: The company generates returns through strategic acquisitions of underpriced assets and subsequent repositioning, with gains realized upon sale. Recent examples include acquiring properties at significant discounts (e.g., 360 Lexington purchased for $65.5M down from $180M) and selling or holding for appreciation as market conditions improve.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Amtrust Realty Corp product offering
Product offeringCore offering
AmTrust Realty Corp (operating as AmTrustRE) is a real estate owner, operator, and investor that acquires, repositions, and manages Class A office and luxury residential properties across major U.S. markets. The firm operates a vertically integrated platform spanning acquisition, development, asset management, leasing, and property management, and leases space to enterprise tenants and high-end residents in markets including New York City and Chicago.
Product overview
AmTrustRE is a real estate owner, operator, and investor with a multi-billion-dollar national portfolio of approximately 12 million square feet across 10+ major markets. The company operates as a vertically integrated real estate platform offering acquisition, development, asset management, leasing, and property management services. The portfolio includes office properties (59 Maiden Lane, 250 Broadway, 260 Madison Avenue, 360 Lexington, 203 Jay Street, One East Wacker, 33 North Dearborn, One SeaGate, One Illinois Center, Two Illinois Center) and luxury residential properties (The Amberly, Parkline Chicago, 135 South LaSalle under conversion, Hudson Point under conversion) across New York, Chicago, and Ohio.
Differentiator
Problem solved
Functional benefit
Products and services
- 59 Maiden Lane
- 250 Broadway
- 260 Madison Avenue
- 360 Lexington Avenue
- The Amberly
- 203 Jay Street
- One East Wacker
- Parkline Chicago
- 33 North Dearborn
- 135 South LaSalle
- One SeaGate
- Hudson Point
- One Illinois Center
- Two Illinois Center
- 220 West Illinois Street
- Acquisition Services
- Development Services
- Asset Management Services
- Leasing Services
- Property Management Services
Companies that use Amtrust Realty Corp
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles3 records
Amtrust Realty Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Amtrust Realty Corp partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- The Sapir OrganizationnotableAmTrustRE acquired 260 Madison Avenue from The Sapir Organization for $211 million. This was a significant acquisition from a prominent New York-based real estate owner, representing one of AmTrustRE's largest recent transactions in Midtown Manhattan.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Amtrust Realty Corp competitors and assessment
Company assessmentDirect peers
- SL Green Realty Corp: Public NYSE-listed REIT and the largest office landlord in Manhattan. Directly comparable to AmTrustRE on geography (Midtown/Lower Manhattan), asset class (Class A office towers), and strategy (acquisition/repositioning of well-located office product).
- Vornado Realty Trust: Major publicly traded Manhattan office REIT with concentrated exposure to Midtown and the Penn District. Highly comparable to AmTrustRE on New York office ownership, value-add repositioning, and tenant mix.
- The Durst Organization: Private, family-owned NYC real estate owner-operator with a portfolio of Class A office and multifamily towers. Comparable on Manhattan office ownership, vertical integration, and long-duration holding strategy.
- Paramount Group: Public REIT owning Class A office properties concentrated in NYC and San Francisco. Comparable on asset class, geography, and premium-tenant focus; competes for the same institutional tenants AmTrustRE courts.
- Empire State Realty Trust: Public office and mixed-use REIT focused on Manhattan and the greater NYC area. Closely comparable asset class and geography, with active repositioning of older office product — directly mirroring AmTrustRE's playbook.
- Highwoods Properties: Public REIT focused on Class A office properties in select Sun Belt and Midwest markets including Chicago-area submarkets. Comparable on office asset class and value-add acquisition/repositioning strategy, with overlap in Chicago.
- RXR Realty: Private New York-based real estate owner, operator, and investor with a multi-billion-dollar portfolio across office, residential, and mixed-use. Closest private-market analog to AmTrustRE's vertically integrated NYC platform.
Broad incumbents
- Tishman Speyer: Global, large-scale private real estate investor and developer. AmTrustRE's MD Patrick Kearney and CAO Karen Katsoff came from Tishman Speyer, and the firms compete for similar urban office and multifamily assets.
- Brookfield Property Group: Scaled, global owner-operator of office, retail, and multifamily real estate. Competes with AmTrustRE for premier urban assets and shares a value-add repositioning orientation.
- Related Companies: Large private developer and owner of office, residential, and mixed-use real estate with deep NYC presence (e.g., Hudson Yards, Time Warner Center). Comparable scale and urban asset strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Amtrust Realty Corp social profiles
Digital presenceAmtrust Realty Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Amtrust Realty Corp leadership team
Management profileNumber of profiles
Profiles13 records
Amtrust Realty Corp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Amtrust Realty Corp 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 Amtrust Realty Corp
What does Amtrust Realty Corp do?
AmTrust Realty Corp (operating as AmTrustRE) is a real estate owner, operator, and investor that acquires, repositions, and manages Class A office and luxury residential properties across major U.S. markets. The firm operates a vertically integrated platform spanning acquisition, development, asset management, leasing, and property management, and leases space to enterprise tenants and high-end residents in markets including New York City and Chicago.
Is Amtrust Realty Corp a public or private company?
Amtrust Realty Corp is a private company. It is classified as unknown and is currently operating.
When was Amtrust Realty Corp founded?
Amtrust Realty Corp was founded in 1993. It employs 1 to 10 people.
Where is Amtrust Realty Corp based?
Amtrust Realty Corp is headquartered in New York, United States, in the North America region.
How does Amtrust Realty Corp make money?
Two revenue lines are on record. Commercial Real Estate Rental Income is the primary driver. The others are property Value Appreciation and Asset Sales.
Who are Amtrust Realty Corp's main competitors?
Direct peers on record are SL Green Realty Corp, Vornado Realty Trust, The Durst Organization, Paramount Group, Empire State Realty Trust, Highwoods Properties and RXR Realty. Broad incumbents are Tishman Speyer, Brookfield Property Group and Related Companies.
Does Amtrust Realty Corp have an API?
No public API is recorded for Amtrust Realty Corp.
What industry is Amtrust Realty Corp in?
Amtrust Realty Corp's product category is Commercial Real Estate. Its primary akta.pro industry code is FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales), with a secondary code of BPAJANAF, Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships). Its NAICS code is 53121 and its SIC code is 6531.