What Gindi Capital does

Gindi Capital is a privately held, family-owned, full-service real estate investment and development firm founded in 1998 by brothers Eli and Jeffrey Gindi, continuing a New York real estate legacy dating to patriarch Ralph Gindi's co-founding of Century 21 department stores in 1961. The firm acquires, develops, leases, finances, and manages retail, multifamily residential, mixed-use, and hospitality properties primarily in New York, Las Vegas, and Miami Beach, with additional assets in Los Angeles, Chicago, Charleston, and Tel Aviv. Its portfolio is anchored by over 500,000 square feet of retail with 1,300+ feet of Las Vegas Strip frontage across the four-property Showcase portfolio (NOI doubled post-repositioning) and the 400,000 square-foot BLVD destination; luxury multifamily assets including the recently delivered 193-unit 655 Union in Gowanus, 30-unit 109 E 79th Street, and the under-development 64-unit Gramercy Park; and Miami Beach hospitality including the Villa Casa Casuarina (former Versace Mansion), Hotel Victor, and Breakwater Edison.

The firm's revenue mechanics are diversified across retail leasing, residential rental income, hospitality operations, and asset repositioning gains. It executes leasing through an in-house team supplemented by brokerage partnerships, leverages co-investment from family-office and institutional partners including Cherng Family Trust, Legion Investment Group, Nakash Family (Jordache Enterprises), Crown Acquisitions, Allianz Real Estate, and Conway Capital, and accesses institutional debt capital via partners such as Freddie Mac (notably executing the first New York Lease Up transaction with Borrow Up on a $136 million refinancing of 655 Union arranged by JLL Capital Markets with CenterSquare Investment Management). The underlying operating model is relationship- and asset-driven rather than technology-driven: the firm identified no proprietary platform, and capability is anchored in site selection, tenant curation, redevelopment execution, and financing innovation rather than software or AI.

Customers are primarily enterprise-grade national retail and entertainment tenants (e.g., M&M's, Coca-Cola, Marshalls, Netflix, Target, Burlington, T-Mobile, LIDS, Raising Cane's, Ross, Denny's, Adidas, H&M, JD Sports, In-N-Out Burger, Whole Foods, Bank of America, Chase, Walgreens, Foot Locker, Nike, Zara) and high-net-worth residential and hospitality guests. The firm generates revenue through negotiated lease rates on a deal-by-deal basis, supplemented by property management fees and hospitality operating income. Customer concentration is spread across many investment-grade tenants, with notable long-term anchors evidenced by Denny's committing to a 10-year lease extension at triple its prior rent at Showcase III.

Name

Gindi Capital

Legal name

Gindi Capital

Website

https://gindicapital.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Gindi Capital is a family-owned, full-service real estate investment and development firm that acquires, leases, and manages retail, multifamily residential, mixed-use, and hospitality properties across Las Vegas, New York, Miami Beach, and select other markets for enterprise retail tenants and high-net-worth residential and hospitality guests.

Ownership category

akta.pro rank

Product category

Real Estate Investment & Development

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Portfolio Management and Investment Advice (52394)

SIC

Real Estate Agents & Managers (For Others) (6531), Hotels & Motels (7011)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Single-Family Rental (SFR) Property Management (BPAJAFAB), Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)

Keywords

• Real estate development
• Property management
• Commercial leasing
• Luxury residential
• Hospitality management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Retail Space Leasing: Gindi Capital generates primary revenue through leasing retail, office, and commercial square footage across its portfolio of properties. The company employs an in-house leasing team and partners with local brokerages to attract national tenants and flagship brands to its properties, including the Showcase portfolio on the Las Vegas Strip and 490 Fulton Street in Brooklyn.
2. Residential Rental Income: Income is generated from luxury residential rental units at properties such as 655 Union in Gowanus (193 units) and Gramercy Park (64 units). Residential leasing is managed in-house with a hands-on property management approach focused on tenant success and operational excellence.
3. Hospitality Revenue: Gindi Capital operates boutique hotels in Miami Beach including Hotel Victor (91 rooms), Breakwater Edison (100 rooms), and Villa Casa Casuarina (10 suites), generating revenue through room rentals, on-site dining, and spa services.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Gindi Capital is a family-owned, full-service real estate investment and development firm that acquires, develops, leases, manages, and finances retail, multifamily residential, mixed-use, and hospitality properties across prime U.S. and international markets. The firm operates an integrated platform spanning the entire property lifecycle—from acquisition and ground-up construction through leasing, property management, and ongoing operations—with flagship assets including the Showcase and BLVD portfolios on the Las Vegas Strip, luxury developments at 655 Union and 109 E 79th Street in New York, and boutique hotels in Miami Beach.

Product overview

Gindi Capital is a family-owned, full-service real estate investment and development company that operates as a unified platform combining development, property management, leasing, construction, and financing services. Rather than discrete software products, the company offers an integrated suite of real estate services spanning the entire property lifecycle—from acquisition and development through construction, leasing, and ongoing property management. The company specializes in retail, multifamily residential, mixed-use, and hospitality properties across key markets including Las Vegas, New York, Miami, Los Angeles, Chicago, and Tel Aviv. Notable projects include the BLVD retail destination on the Las Vegas Strip, the Showcase Mall portfolio, 655 Union residential development in Brooklyn, 109 E 79th Street luxury condominiums, and various boutique hotels in Miami Beach.

Differentiator

Problem solved

Functional benefit

Products and services

• Leasing Services

Quantifiable outcome

• Over $1 billion in value unlocked through Showcase Portfolio transformation
• +5 more outcomes

Named customers32 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Avery Hall InvestmentscoreStrategic or Co-development Partner · 24 March 2026Co-borrower with Gindi Capital on 655 Union, a 193-unit trophy multifamily property in Brooklyn's Gowanus neighborhood. The $136 million refinancing was arranged by JLL Capital Markets through Freddie Mac and CenterSquare Investment Management.
• Legion Investment GroupcoreStrategic or Co-development PartnerCo-developer with Gindi Capital on 109 E 79th Street (19-story, 140K SF luxury residential tower in Upper East Side, acquired 2019) and Gramercy Park (20-story, 185K SF luxury residential development, acquired 2024).
• Cherng Family TrustcoreStrategic or Co-development PartnerCo-development partner with Gindi Capital on BLVD, the 400,000 SF major retail and dining destination on the Las Vegas Strip. Gindi Capital acquired the 9.5-acre site in 2019 and partnered with Cherng Family Trust to develop the project.
• Wharton PropertiesmajorStrategic or Co-development PartnerPartnership with Wharton Properties on 15 W 34th Street (acquired 2001) and 2700 Broadway. 15 W 34th Street is a 6,100 SF prime retail property steps from the Empire State Building, occupied by Zumiez.
• Crown AcquisitionscoreStrategic or Co-development PartnerCrown Acquisitions has been a repeated partner with Gindi Capital on multiple Brooklyn properties including 490 Fulton Street, 5001 Church Ave, 714 Lexington, and 720 Lexington, forming a long-standing investment partnership.
• A&H AcquisitionsminorStrategic or Co-development PartnerPartnership with A&H Acquisitions alongside Crown Acquisitions on 714 Lexington (6,000 SF, purchased 2007) and 720 Lexington (5,500 SF, purchased 2007) in Manhattan.
• Naksh Family (Jordache Enterprises)coreStrategic or Co-development PartnerThe Naksh Family (Jordache Enterprises) has been a repeat partner with Gindi Capital across multiple Miami Beach hospitality and retail properties including Dizengoff Center (2014), Breakwater Edison (2009), Hotel Victor (2011), Villa Casa Casuarina (2013), and The Strand (Miami Beach).

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Crown Acquisitions: Crown Acquisitions is a repeat co-investment partner with Gindi Capital on multiple Brooklyn retail properties including 490 Fulton Street, 714 Lexington, and 720 Lexington, sharing a Brooklyn-focused retail/office investment thesis and similar urban-repositioning strategy.
• Wharton Properties: Wharton Properties is a long-standing Manhattan retail partner alongside Gindi Capital on 15 W 34th Street (acquired 2001) and 2700 Broadway, operating a comparable prime-Manhattan retail acquisition and repositioning model.
• Legion Investment Group: Legion is a co-developer with Gindi Capital on 109 E 79th Street (Upper East Side luxury residential tower) and Gramercy Park, sharing a Manhattan luxury residential ground-up development model and family-office capital base.
• Avery Hall Investments: Avery Hall is the co-borrower with Gindi Capital on the $136M Freddie Mac refinancing of 655 Union in Brooklyn's Gowanus, operating a comparable Brooklyn multifamily acquisition, development, and repositioning strategy.
• Taconic Investment Partners: Taconic is a New York-focused real estate investment and development firm with a multifamily and office portfolio similar to Gindi Capital's Brooklyn and Manhattan residential and mixed-use holdings.
• Kushner Companies: Kushner Companies is a family-driven New Jersey/New York real estate investment firm with a multifamily, retail, and office portfolio that overlaps with Gindi Capital's NYC and Las Vegas holdings and a comparable family-controlled investment approach.

Emerging players

• Cherng Family Trust (Panda Restaurant Group): The Cherng Family Trust is a co-development partner with Gindi Capital on the 400,000 SF BLVD retail destination on the Las Vegas Strip, reflecting an adjacent family-office real estate capital partnership that backs the same assets.

Broad incumbents

• Related Companies: Related Companies is one of the largest US real estate developers, with comparable mixed-use, multifamily, and retail exposure in major markets; it operates at materially larger scale and serves as a broad benchmark for Gindi Capital's full-service real estate platform.
• Brookfield Asset Management: Brookfield invests in and operates real estate across retail, hospitality, multifamily, and mixed-use assets globally, providing institutional-scale capital and asset management comparable to the institutional counterparties Gindi Capital partners with (e.g., Freddie Mac, CenterSquare).
• Vornado Realty Trust: Vornado is a New York-focused REIT with a Manhattan office and retail portfolio (including high-profile Strip-adjacent assets) that overlaps materially with Gindi Capital's NYC retail and office holdings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Gindi Capital