Skylight Real Estate Partners

What Skylight Real Estate Partners does

Skylight Real Estate Partners is a privately held, full-service US real estate investment firm founded in 1998 and headquartered at 27 Union Square West in New York City. The firm pursues three complementary strategies - distressed, value-add, and development - across prime US markets including New York, New Jersey, Washington D.C., and Central and South Florida. Since inception, the founding partners have collectively invested $5.5 billion of equity into assets totaling over $18 billion of gross asset value, encompassing 9,000+ residential units and 20 million+ square feet of office and retail assets. Named 2021-2022 acquisitions include Infinity Edgewater (100 units plus 3 commercial spaces, Edgewater NJ), The Riello (226 units, Edgewater NJ), Grand Adams (99 units, Hoboken NJ), Hudson Lights (276 units, Fort Lee NJ), and Everly Roseland (360 units, Roseland NJ), predominantly executed as value-add strategies.

The firm's core 'product' is its investment management platform rather than a technology product: it sources, underwrites, acquires, develops, and manages real estate assets on behalf of institutional capital partners, utilizing a dedicated property management team and an in-house development capability. Revenue is derived from a combination of management fees on committed equity, transaction fees on acquisitions/dispositions, and promote (carried interest) on realized returns. Go-to-market is direct and relationship-led, with distribution concentrated among 15+ institutional capital partners including Ares, JP Morgan, Invesco, Prudential, TPG, Bentall Green Oak, LaSalle, and New York Life Investment. The firm has no proprietary technology platform and no disclosed AI/ML capabilities.

Skylight's operating model is structured around its three founding partners (Gavin Evans, Benjamin Joseph, Andrew Miller), who sit on the investment committee and oversee acquisitions, capital markets, and development respectively, supported by a senior leadership bench including a President of the new Skylight Residential Group development affiliate. The firm serves two end-customer layers: institutional capital partners (the primary revenue base) and residential/commercial tenants in owned and managed assets (operational base). All transactions are bespoke and privately negotiated, with no public pricing or standardized deal structures.

Name

Skylight Real Estate Partners

Legal name

Skylight Real Estate Partners

Website

https://skylightrep.com

Company type

Private

Founded year

1998

Operating status

Operating

Short description

Skylight Real Estate Partners is a privately held, full-service US real estate investment firm founded in 1998 that pursues distressed, value-add, and ground-up development strategies across New York, New Jersey, Washington D.C., and Florida on behalf of institutional capital partners.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)

akta.pro primary industry

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

akta.pro secondary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Real estate investment
• Multifamily acquisition
• Value-add investing
• Commercial real estate
• Property development

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

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

Revenue model

1. Real Estate Investment Management: Generates returns through acquisition, development, and management of residential and commercial real estate assets. Revenue derived from asset appreciation, rental income, and property disposition profits across value-add, distressed, and development strategies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Skylight Real Estate Partners is a privately held real estate investment firm that acquires, develops, and manages residential and commercial assets across prime US markets including New York, New Jersey, Washington D.C., Central Florida, and South Florida. The firm operates three complementary investment strategies—distressed, value-add, and development—and has collectively invested $5.5 billion of equity across more than $18 billion of gross asset value, encompassing 9,000+ residential units and 20 million+ square feet of office and retail space since 1998.

Product overview

Skylight Real Estate Partners operates as a privately held real estate investment firm with a unified investment platform offering three complementary strategies: distressed, value-add, and development opportunities. The firm's portfolio comprises residential and commercial assets across prime US markets including New York, New Jersey, Washington D.C., Central and South Florida. Key branded projects include The Riello (226-unit high-rise in Edgewater, NJ), Grand Adams (99-unit mid-rise in Hoboken, NJ), Hudson Lights (276-unit mid-rise in Fort Lee, NJ), Infinity Edgewater (100-unit mid-rise with 3 commercial spaces in Edgewater, NJ), and Everly Roseland (360-unit garden-style in Roseland, NJ). The affiliated Skylight Residential Group division handles ground-up multifamily rental development. The firm collectively manages over 9,000 residential units and 20 million square feet of office and retail assets totaling over $18 billion in gross asset value.

Differentiator

Problem solved

Functional benefit

Brands

• Skylight Residential Group: Affiliate of Skylight Real Estate Partners focused on ground-up multifamily rental development strategy

Products and services

• Distressed Real Estate Investment Strategy
• Value-Add Real Estate Investment Strategy
• Ground-Up Multifamily Development (Skylight Residential Group)
• Asset Management and Property Management Services

Quantifiable outcome

• $5.5 billion+ equity invested since 1998
• +5 more outcomes

Named customers5 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

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Arel Capital: NY-based real estate investment manager focused on Northeast multifamily and mixed-use value-add. Arel is a Skylight capital partner and operates in similar submarkets with comparable deal size and strategy.
• Normandy Real Estate Partners: Northeast-focused value-add office and multifamily operator and predecessor to Columbia Property Trust. Founding partner Gavin Evans was co-head of Investments at Normandy, sharing strategy, geography, and LP relationships with Skylight.
• Mill Creek Residential Trust: Northeast- and Sun Belt-focused multifamily developer with a ground-up rental development platform. Skylight Residential Group President Russell Tepper was SMD at Mill Creek, and the firms pursue an overlapping development strategy in NY/NJ and Florida.
• Westbrook Partners: Global real estate investment firm with deep multifamily and commercial value-add activity, including in NY/NJ. Co-founder Kevin Lingane previously led Westbrook, and the firms share an institutional value-add orientation and LP base.
• PCCP, LLC: Private equity real estate investment firm investing in middle-market value-add and development deals alongside institutional capital partners. Skylight and PCCP co-invest on individual deals, sharing deal sourcing and underwriting approaches.
• Related Companies: Large NYC-based developer and investment manager with ground-up multifamily, mixed-use, and affordable housing exposure. Founding partner Benjamin Joseph was EVP at Related for 21 years, sharing the same development-led, Northeast-anchored approach.

Broad incumbents

• TPG Real Estate: Global private equity real estate platform operating value-add, opportunistic, and development funds. A Skylight capital partner and competes for similar Northeast and Sun Belt value-add transactions at meaningful scale.
• Brookfield Real Estate: Global, multi-strategy real estate investment platform managing $250B+ in assets across value-add, development, and stabilized equity. Competes with Skylight for institutional LP allocations across the same property types and geographies.
• Bentall Green Oak: Global real estate investment advisor with $80B+ AUM across debt and equity strategies. A Skylight capital partner offering equity and debt capital for value-add and development transactions in overlapping Northeast and Florida markets.
• Ares Real Estate: Major alternative asset manager with a real estate equity and debt platform actively deploying capital in US value-add multifamily and commercial. A Skylight capital partner and competing institutional LP for similar deals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SkylightREP
• Facebookfacebook.com/SkylightREP

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 Skylight Real Estate Partners