What Paredim Partners does

Paredim Partners LLC is a privately held, vertically integrated multifamily real estate investment and owner-operator founded in 2002 by David A. Parisier and headquartered in Elmsford, New York. The firm acquires, repositions, and operates Class B/C multifamily properties in the NY tri-state area (NY, NJ, CT, Hudson Valley) and Central & Southern New England (MA, RI), targeting value-add opportunities through mismanaged, underperforming, or distressed assets with transaction sizes of $15M-$150M and unit counts of 50-400. Since inception, Paredim has acquired or repositioned over 4,500 apartment units, executed $850M in property acquisitions and $1.5B in total capital transactions, and currently maintains a portfolio of 19 properties.

The company operates through two principal lines: (1) an acquisition and asset management platform led by Senior Director of Investments Stephen Schubert, and (2) in-house property management through wholly-owned subsidiary Paredim Communities, which provides leasing, marketing, maintenance, and reporting under the oversight of Senior Director of Operations and Leasing Brian Lemire. Development and construction execution is handled in-house by Director Robert Doolittle. Revenue is generated primarily through rental income and property value appreciation from repositioned assets, with additional income from disposition gains (e.g., the 2021 sale of a 340-unit Trumbull complex) and ancillary mixed-use components. The go-to-market is enterprise field sales targeting property sellers and brokers in high-barrier Northeast submarkets, supported by an investor portal for limited partners. Recent strategic activity includes a 2022 joint venture with Hudson Meridian Construction on a 398-unit New Haven development and acquisitions of The Westporter (2024) and Cove West Hartford (2025), signaling continued capital deployment and selective geographic broadening.

Name

Paredim Partners

Legal name

Paredim Partners LLC

Website

https://paredim.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

Paredim Partners is a privately held, vertically integrated multifamily real estate owner-operator founded in 2002, acquiring and repositioning Class B/C properties in the NY tri-state and New England, with a current portfolio of 19 properties and over 4,500 units acquired since inception.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Investment

SIC

Services-To Dwellings & Other Buildings (7340), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Vendor/Subcontractor & SLA Management (BPABAAAJ)

Keywords

• Multifamily real estate investment
• Property management services
• Value-add acquisitions
• Multifamily property repositioning
• Real estate investment firm

Headquarters

HQ city

Elmsford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Rental Income and Property Appreciation: Revenue generated through acquisition, repositioning, and operation of multifamily residential properties. Income derived from rental payments and property value appreciation through strategic improvements and market optimization.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Paredim Partners is a premier owner-operator of multifamily residential properties in the Northeastern United States. The company acquires mismanaged, underperforming, or distressed Class B or C multifamily properties (50-400 units, $15M-$150M) at or below replacement cost and repositions them to Class A through interior renovations, amenity upgrades, and operational improvements. It operates an in-house property management subsidiary, Paredim Communities, providing vertically integrated leasing, marketing, maintenance, and reporting capabilities from acquisition through stabilization.

Product overview

Paredim Partners operates as a premier owner-operator of multifamily properties in the Northeastern United States, specializing in the New York tri-state area. The company offers two main product lines: (1) investment and acquisition services focused on acquiring mismanaged and underperforming multifamily properties below replacement cost, and (2) property management through its in-house subsidiary Paredim Communities, which provides hands-on regional management from acquisition through stabilization. The current portfolio includes 19 properties with approximately 4,500 apartment units acquired across the region.

Differentiator

Problem solved

Functional benefit

Products and services

• Paredim Communities (In-House Property Management)

Quantifiable outcome

• Over 4,500 apartment units acquired, repositioned and/or converted
• +3 more outcomes

Segments2 records

Ideal customer profiles3 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.

• Hudson Meridian ConstructioncoreStrategic or Co-development Partner · 1 June 2022Paredim Partners and Hudson Meridian Construction partnered on a 398-unit development project in New Haven's Science Park. Hudson Meridian Construction serves as the development and construction partner for this significant development project.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Akelius Residential: Akelius owns and operates multifamily residential properties concentrated in Northeastern US metros, with a similar value-add acquisition and repositioning playbook targeting urban apartments.
• Veris Residential: Veris Residential is a NJ-based multifamily owner-operator focused on Class A apartment communities in the Northeast US, directly comparable to Paredim's NY tri-state multifamily acquisition and repositioning strategy.
• Bluestone Apartment Partners: Bluestone is a Northeast US-focused multifamily investment and property management firm acquiring value-add apartment properties, matching Paredim's regional focus and B-to-A repositioning approach.
• Roseland Management Company (Mack-Cali): Roseland, a subsidiary of Veris Residential, operates luxury multifamily properties in the Northeast US including NJ, NY, and CT, directly competing for similar renter demographics and metropolitan locations.

Broad incumbents

• AvalonBay Communities: AvalonBay is a large publicly-traded multifamily REIT operating Class A apartment communities across the Northeast US, competing for the same renter base with greater scale and capital access.
• Equity Residential: Equity Residential is a major publicly-traded multifamily REIT with a significant Northeast US urban portfolio, comparable asset class though materially larger and more institutional in scale.
• Greystar Real Estate Partners: Greystar is the largest US multifamily property manager and investment operator, comparable in vertically integrated acquisition-and-management model though operating at significantly greater scale than Paredim.

Others

• CBRE Group: CBRE is a major commercial real estate services firm that has brokered multifamily investment sales for Paredim (e.g., the Manchester CT transaction) and competes as a service provider in the Northeast multifamily ecosystem.
• Cushman & Wakefield: Cushman & Wakefield is a global real estate services firm active in Northeast multifamily investment sales, capital markets, and advisory, intersecting with Paredim's transaction sourcing channels.

Emerging players

• Gebroe-Hammer Associates: Gebroe-Hammer is a NJ-based multifamily investment sales brokerage specializing in mid-market apartment properties in the Northeast, comparable deal size and submarket overlap with Paredim's acquisition criteria.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Paredim Partners