Name

Claridge Properties

Legal name

Claridge Properties

Website

https://claridgeproperty.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Residential Buildings and Dwellings (53111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate (6500)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Real estate development
• Mixed-use properties
• Affordable housing
• Urban infill development
• Historic property redevelopment

Headquarters

HQ city

Los Angeles

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, Infrastructure

Revenue model

1. Real Estate Development and Sales: Claridge generates revenue through development and sale of residential condominiums, mixed-use properties, and commercial spaces. Projects like The Gretsch Building achieved gross sell-out of $102 million through condominium sales.
2. Affordable Housing Rental Income: The company operates affordable housing properties generating rental income. Portfolio includes over 1,500 housing units across Sunbelt states. Northshore Portfolio undergoing capital renovations with focus on providing better experience for residents.
3. Real Estate Investment Partnerships: Claridge works with investor partners, contributing expertise and impact to enhance projects. They obtain continued backing from the investment community and participate in capital stack investments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Claridge Properties is a real estate development firm that acquires, develops, and operates urban-infill real estate assets in leading U.S. cities. Its work spans luxury residential condominium conversions, large-scale mixed-use developments, historic property redevelopment, and affordable housing rental portfolios, typically structured as $30-75 million deals targeting a minimum 15% IRR for investor partners.

Product overview

Claridge Properties is a real estate development firm offering a diverse portfolio of property development and investment services across the United States. The company operates multiple distinct product lines: (1) Mixed-use transformational projects including The Gretsch Building (luxury condominiums in Brooklyn), The Pencil Factory (large-scale waterfront residential/retail in Brooklyn), and Angels Landing (major mixed-use development in Los Angeles); (2) Affordable housing portfolios including The Northshore Portfolio/The Havenwood Apartments (Sun Belt states), Northshore Meadows (Houston), Estancia Del Sol (Phoenix), Kensington Station (Atlanta), and Englewood Towers (Chicago); (3) Historic property redevelopment including Book Tower Complex (Detroit) and Westin Book Cadillac (Detroit). The firm focuses on transformational projects, foreseeable value-add acquisitions, and multi-cyclical investments with target deal sizes of $30-75 million and minimum 15% IRR.

Differentiator

Problem solved

Functional benefit

Products and services

• The Gretsch Building 210,000 SF industrial building conversion in Williamsburg, Brooklyn into 130 luxury residential condominium units with ground floor retail, the first white-glove full-service residential condominium in Williamsburg with gross sell-out of $102 million.
• The Northshore Portfolio (The Havenwood Apartments) Portfolio of 1,097 affordable housing units in Houston and Dallas, Texas, rebranded as The Havenwood Apartments, undergoing major capital renovations to improve living conditions for residents.
• The Pencil Factory Multi-acre waterfront development along the Williamsburg-Greenpoint border in Brooklyn. Proposed 1,050,000 SF residential and retail complex with inclusionary housing and new waterfront park and pier area.
• Book Tower Complex Historic property conversion in Detroit, MI featuring the 38-story Book Tower and 13-story Book Building. Claridge converted the first two floors into a retail atrium, upper floors of the smaller building and larger tower into condominiums, and lower floors of Book Tower as offices.
• Angels Landing $1.2 billion mixed-use development in Downtown Los Angeles, awarded via RFP from the City of Los Angeles, partnering with Peebles and MacFarlane to create a project reshaping the Los Angeles skyline.
• Estancia Del Sol Phoenix development project representing Claridge's expansion into West Coast investment opportunities with development potential similar to Williamsburg, Brooklyn.
• Kensington Station Atlanta development project contributing to Claridge's portfolio of properties across leading cities in the United States.
• Englewood Towers Chicago development project in Claridge's portfolio of properties across leading cities in the United States.
• Northshore Meadows 291-unit affordable housing community in Houston, Texas, built in 1971 with one-, two-, three-, and four-bedroom units offering amenities including business center, clubhouse, playground, fitness center, and laundry facilities.
• Westin Book Cadillac $180 million redevelopment project in Detroit, Michigan, totaling 2 million SF milestone owned by Claridge, marking a key entry into the Detroit market.

Quantifiable outcome

• $102 million gross sell-out at The Gretsch Building with average selling price increasing from $450 to $600/per square foot
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Peebles and MacFarlanecoreStrategic or Co-development PartnerStrategic partnership for Angel's Landing, a $1.2-1.5 billion mixed-use development in Downtown Los Angeles. This flagship project will reshape the LA skyline and was won through an RFP process against major local players.
• Classon RealtycoreStrategic or Co-development PartnerDevelopment partner for The Gretsch Building project in Williamsburg, Brooklyn. Together with Lehman Brothers Real Estate Funds, a $75 million redevelopment was executed.
• BerkadiaminorChannel Partner/ Reseller/ DistributorCommercial real estate broker that facilitated the acquisition of Northshore Meadows, a 291-unit Houston community. Team included Senior Managing Director Ryan Epstein, Director Jennifer Ray, and Associate Director Scott Bray.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• L+M Development Partners: Mixed-income, mixed-use urban developer with deep affordable and market-rate housing portfolios in NYC and select Sunbelt markets - directly comparable to Claridge's mixed-use Brooklyn/Sunbelt model.
• The Peebles Corporation: Minority-owned, urban-focused real estate development firm with whom Claridge is partnered on the $1.2-1.5B Angels Landing project. Comparable size, mission, and minority-led investor profile make it the closest peer.
• BRP Companies: Minority-led, mission-driven developer of affordable, mixed-income, and market-rate housing across NYC and other metros. Comparable dual focus on affordable housing and value-add urban development.
• The Community Builders: Nonprofit developer of mixed-use, mixed-income communities with a national footprint. Closely comparable affordable-housing-led, urban-infill development strategy.
• Jonathan Rose Companies: Mission-driven developer focused on affordable, mixed-income, and sustainable real estate across the US. Comparable value-add/affordable mix and urban-infill orientation.
• MacFarlane Partners: Claridge's co-development partner on Angels Landing and an institutional real estate investment/development firm focused on urban and transformative projects - directly relevant peer.
• The NRP Group: Developer, owner, and manager of affordable and market-rate multifamily housing nationally, with strong Sunbelt exposure. Highly comparable affordable/market-rate mix and unit-scale economics.
• AHC Inc. Regional nonprofit developer of affordable and mixed-income housing across the Mid-Atlantic and Southeast. Comparable affordable housing unit-economics and Sunbelt/mid-Atlantic geographic exposure.

Broad incumbents

• Related Companies: Large national developer of mixed-use, affordable (Related Affordable), and luxury residential real estate. Overlaps Claridge's luxury/affordable urban thesis but at significantly greater scale.
• Tishman Speyer: Global real estate developer/investor active in mixed-use and residential urban projects. Overlaps Claridge's mixed-use urban-infill strategy but at vastly larger scale and capital base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/claridge-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Claridge Properties