Wasa Properties
Wasa Properties is a privately held real estate investment firm that acquires and operates multi-tenant industrial and grocery-anchored retail properties in the Southeastern US, applying a value-add approach with light capital improvements and lease repositioning to generate rental income and appreciation for its investors.
- Company typePrivate
- Founded2004
- HeadquartersBrooklyn, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Wasa Properties does
Wasa Properties is a privately held real estate investment and operating firm that acquires, repositions, and manages multi-tenant industrial and grocery-anchored retail properties across the Southeastern United States. The company targets infill submarkets with supply constraints and strong demographic tailwinds, acquiring assets valued at $10M or more per transaction and portfolios exceeding 100,000 square feet, with industrial acquisitions typically comprising individual suites under 30,000 SF. Wasa applies a value-add approach: deploying light capital improvements, repositioning assets to current market rental rates, restructuring leases, and executing operational optimizations to lift net rental income and capture mark-to-market upside.
The firm is led by four principals — Founding Principals Morty Bistritzky and Shlomo Bistritzky, Managing Principal David Dombroff, and Chief Investment Officer Ephraim Bistritzky — and operates from its Florida corporate office at 2 South University Drive, Suite 220, Plantation, FL 33324. Its go-to-market motion combines enterprise field-style outreach to property owners and brokers for sourcing, with a relationship-driven investor channel; LP reporting is formalized through an AppFolio Investor Management portal. The underlying technology stack is minimal: the company relies on standard real estate underwriting and asset management practices rather than proprietary software, and no AI, platform, or SaaS component is disclosed.
Wasa's business model is classic value-add real estate investment: revenue is generated through rental income from owned and operated properties, with additional value capture through property appreciation, refinancing, and eventual sale. The firm employs 11–50 people, and its leadership team has cumulatively managed more than $2 billion in real estate investments over a 20-plus-year operating history. Pricing and investment minimums are handled through direct investor relationships rather than public disclosure.
Wasa Properties firmographics
Firmographics- Name
- Wasa Properties
- Legal name
- Wasa Properties
- Website
- https://wasaproperties.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Wasa Properties is a privately held real estate investment firm that acquires and operates multi-tenant industrial and grocery-anchored retail properties in the Southeastern US, applying a value-add approach with light capital improvements and lease repositioning to generate rental income and appreciation for its investors.
- Ownership category
- akta.pro rank
Wasa Properties industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
Keywords
Where Wasa Properties is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Wasa Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Real Estate Investment Returns: Wasa Properties generates returns through disciplined acquisitions of multi-tenant industrial and grocery-anchored retail properties. The company creates value through operational upside, targeted capital improvements, leasing optimizations, and market alignment. Revenue is realized through rental income and property appreciation.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Wasa Properties product offering
Product offeringCore offering
Wasa Properties acquires, owns, and operates multi-tenant industrial and grocery-anchored retail properties in the Southeastern United States, with a focus on infill markets characterized by supply constraints and strong demand fundamentals. The firm applies a value-add strategy that combines targeted capital improvements, operational optimization, and strategic lease structuring to drive rental income growth and property appreciation. Transactions typically involve $10M+ assets exceeding 100,000 SF with average suite sizes under 30,000 SF.
Product overview
Wasa Properties operates as a real estate investment firm offering two core product lines: Industrial Property Investments and Grocery-Anchored Retail Investments, both focused on the Southeast US market. The company provides value-add asset management services that include capital improvements, operational optimization, and strategic lease structuring. Their acquisition strategy targets 100K+ SF multi-tenant properties in infill locations with average suite sizes under 30,000 SF. The investment minimum is $10M per asset, and they acquire both individual buildings and portfolios.
Differentiator
Problem solved
Functional benefit
Products and services
- Industrial Property Investments
- Grocery-Anchored Retail Investments
- Value-Add Asset Management
Quantifiable outcome
- Over $2B in investments managed by leadership team
- +1 more outcomes
Companies that use Wasa Properties
Customer profileSegments2 records
Ideal customer profiles2 records
Wasa Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Wasa Properties partnerships and signals
Strategic signalScale indicators3 records
Recent moves3 records
Expansion highlights3 records
Wasa Properties competitors and assessment
Company assessmentDirect peers
- Kite Realty Group: Public REIT focused on open-air, grocery-anchored shopping centers predominantly in the Sunbelt region. Closely comparable to Wasa in retail segment, grocery anchor focus, and Southeast-aligned geography.
- National Retail Properties: Public REIT that acquires single-tenant retail properties, with meaningful grocery-anchored and necessity-retail exposure. Comparable to Wasa's grocery-anchored retail strategy in tenant profile and defensive characteristics, though NNN operates via longer-duration net leases.
- Brixmor Property Group: Public REIT that owns and operates open-air shopping centers, including grocery-anchored assets, with a focus on necessity-based retail. Comparable to Wasa's grocery-anchored retail strategy at a broader geographic scale.
- Eastgroup Properties: Public REIT focused on the acquisition and development of industrial properties in Sunbelt/inland port markets, with deep Southeast US concentration. Highly comparable given overlap in industrial focus, geographic bias toward the Southeast, and tenant/suite-size profile similar to Wasa's target.
- Terreno Realty Corporation: Public REIT focused on acquiring and owning industrial properties in infill markets in major coastal US markets, applying a similar value-add approach (light improvements, leasing optimization) on multi-tenant assets. Directly comparable in strategy, asset class, and operational levers to Wasa's industrial focus.
- Four Corners Property Trust: Public REIT that owns and leases restaurant and retail properties, including convenience and grocery-adjacent retail. Comparable asset class with overlapping defensive retail characteristics relevant to Wasa's grocery-anchored retail focus.
- InvenTrust Properties Corp. Public REIT focused on open-air, grocery-anchored shopping centers in Sunbelt markets. Directly comparable to Wasa's grocery-anchored retail strategy with overlapping Sunbelt geographic and tenant-mix characteristics.
- Phillips Edison & Company: Public REIT that owns and operates grocery-anchored shopping centers, with a focus on necessity-based retail in markets across the US. Directly comparable to Wasa's grocery-anchored retail strategy and tenant base characteristics.
- STAG Industrial: Public REIT focused on single-tenant and multi-tenant industrial properties across the US, including the Southeast. Comparable in industrial asset class focus, multi-tenant leasing exposure, and operational scale of acquisitions.
Broad incumbents
- Crow Holdings Capital: Large private real estate investment and development firm with industrial and retail strategies across multiple US regions. Comparable as a larger incumbent private sponsor operating in the same asset classes, though broader geography and product range than Wasa.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Wasa Properties social profiles
Digital presenceWasa Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wasa Properties leadership team
Management profileNumber of profiles
Profiles4 records
Wasa Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wasa Properties 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 Wasa Properties
What does Wasa Properties do?
Wasa Properties acquires, owns, and operates multi-tenant industrial and grocery-anchored retail properties in the Southeastern United States, with a focus on infill markets characterized by supply constraints and strong demand fundamentals. The firm applies a value-add strategy that combines targeted capital improvements, operational optimization, and strategic lease structuring to drive rental income growth and property appreciation. Transactions typically involve $10M+ assets exceeding 100,000 SF with average suite sizes under 30,000 SF.
Is Wasa Properties a public or private company?
Wasa Properties is a private company. It is classified as family owned and is currently operating.
When was Wasa Properties founded?
Wasa Properties was founded in 2004. It employs 11 to 50 people.
Where is Wasa Properties based?
Wasa Properties is headquartered in Brooklyn, United States, in the North America region.
How does Wasa Properties make money?
One revenue line is on record: real Estate Investment Returns.
Who are Wasa Properties's main competitors?
Direct peers on record are Kite Realty Group, National Retail Properties, Brixmor Property Group, Eastgroup Properties, Terreno Realty Corporation, Four Corners Property Trust, InvenTrust Properties Corp., Phillips Edison & Company and STAG Industrial. Crow Holdings Capital is listed as a broad incumbent.
Does Wasa Properties have an API?
No public API is recorded for Wasa Properties.
What industry is Wasa Properties in?
Wasa Properties's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions). Its NAICS code is 523 and its SIC code is 6532.