Astor Realty Capital
Astor Realty Capital is a privately held real estate private equity firm that invests across the capital stack (LP equity, preferred equity, and senior debt) in ground-up and value-add projects for accredited investors, family offices, and institutional backers.
- Company typePrivate
- Founded1995
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Astor Realty Capital does
Astor Realty Capital is a privately held real estate private equity firm founded in 1995 and headquartered at 125 Park Avenue, New York, with additional offices in Miami and Phoenix. The firm invests across the capital stack - LP equity, preferred equity, and senior debt (SOFR + 650 bps) - in ground-up and value-add commercial real estate projects in select US markets including Florida, New York, Texas, and Arizona, with reported exposure spanning 7 states, 12 sub-markets, 3,680 units, and 4.65M square feet backed by $254M of capital under management and $2.98B of project assets.
The firm's offerings include LP equity investments of $5M-$10M targeting a 1.60x minimum multiple, preferred equity of $5M-$50M starting at 14.00% returns, debt financing on 12-36 month terms, and the One Astor Income Fund, a credit and preferred equity income strategy projecting 14.5-16% net returns. Its technology layer consists of an institutional-grade, committee-reviewed due diligence process, a proprietary 8-80 scoring framework for sponsor and project evaluation, in-house asset management for construction monitoring, and a cashflow portal providing monthly progress reports, quarterly mark-to-market reports, and annual audits.
Astor monetizes through recurring management fees on AUM, deployment-driven debt interest, and carried interest on realized gains, with a reported track record of 21% net IRR. Distribution is run by a direct sales/IR team, supported by an affiliated commercial real estate advisory (Berko & Associates) contributing 15+ investment sales professionals, with content marketing via the Pathways to Prosperity podcast and GlassDoor webinar series. Customers are accredited high-net-worth individuals, family offices, and institutional investors on the capital side, and top-tier real estate developers and sponsors (Royal Palm Companies, Allstate Ventures, REDHOEK+PARTNERS, JK Equities) on the deal-sourcing side.
Astor Realty Capital firmographics
Firmographics- Name
- Astor Realty Capital
- Legal name
- Astor Fund Management LLC
- Website
- https://astorrealtycapital.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Astor Realty Capital is a privately held real estate private equity firm that invests across the capital stack (LP equity, preferred equity, and senior debt) in ground-up and value-add projects for accredited investors, family offices, and institutional backers.
- Ownership category
- akta.pro rank
Astor Realty Capital industry classification
Industry- Product category
- Commercial Real Estate Private Equity
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Investment Activities (5239), Other Activities Related to Real Estate (531390)
- SIC
- Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Funds — Opportunistic / Development (FSANAEAI)
- akta.pro secondary industries
- Real Estate Credit / Debt Funds (FSANAEAJ), Real Estate Capital Markets Brokerage (Debt & Equity Placement) (FSAEAJAK)
Keywords
Where Astor Realty Capital is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Astor Realty Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Management Fees: Ongoing management fees charged on assets under management. The firm manages $254M in capital across multiple investment vehicles.
- Carried Interest / Performance Fees: Carried interest from investment returns. LP equity target returns of 1.60x minimum multiple. Preferred equity starting at 14.00%. Track record of 21% net IRR.
- Debt Financing Income: Interest income from debt investments structured at SOFR + 650 basis points for ground-up, construction completion, lease-up, value-add, and entitled land projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | LP Equity: $5M-$10M investments with 4-year maximum hold |
| Other | Multi-year contract | Preferred Equity: $5M-$50M investments with 24-48 month hold |
| Other | Pay-as-you-go | One Astor Income Fund: 14.5–16% Projected Net Returns |
| Usage-based | Multi-year contract | Debt Products: 12-36 month terms |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Astor Realty Capital product offering
Product offeringCore offering
Astor Realty Capital is a private equity firm that provides accredited investors, family offices, and institutional investors with access to commercial real estate investments across the capital stack, including LP equity, preferred equity, debt financing, and the One Astor Income Fund. The firm partners with top-tier developers to deploy capital into ground-up and value-add projects in select U.S. markets, and it manages investor capital with in-house asset management, institutional-grade due diligence, and a cashflow reporting portal.
Product overview
Astor Realty Capital is a private equity firm offering a unified platform of commercial real estate investment products across the capital stack. The core offerings include the One Astor Income Fund (credit and preferred equity income strategy), LP Equity investments, Preferred Equity, and Debt Financing. These products serve accredited investors seeking institutional-quality real estate opportunities with target returns ranging from 14% to 21%+ net IRR. The firm also provides educational content through its Pathways to Prosperity podcast series.
Differentiator
Problem solved
Functional benefit
Brands
- One Astor Income Fund: Credit & preferred equity income strategy offering 14.5–16% projected net returns with current cash flow for accredited investors.
- Pathways to Prosperity
Products and services
- One Astor Income Fund A credit and preferred equity income strategy offering accredited investors 14.5%-16% projected net returns with current cash flow, strong downside protection, and access to Astor's institutional deal flow; offered under a 506C opportunity to accredited investors only.
- LP Equity Investments Limited partner equity investments of $5,000,000-$10,000,000 with a 4-year maximum hold, targeting a 1.60x minimum multiple, deployed into multifamily, condo, industrial, hotel, and other ground-up development and value-add projects across FL, NY, TX, AZ, and other select MSAs.
- Preferred Equity Preferred equity investments of $5,000,000-$50,000,000 with 24-48 month hold periods, starting at 14.00% returns, covering multifamily, condo, industrial, hotel, and other asset classes on a case-by-case basis.
- Debt Financing
Quantifiable outcome
- 21% Net IRR track record
- +4 more outcomes
Companies that use Astor Realty Capital
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Astor Realty Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Astor Realty Capital partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor, core and major.
- RED Awards FloridaminorIndustry awards organization recognizing excellence in real estate development. Astor participated in the 14th annual gala and was recognized with the Private Equity Firm of the Year award.
- JK EquitiescoreDevelopment partner for 1400 Monroe luxury condo project in Chicago's West Loop. JK Equities led the development with Astor providing financing. The project achieved 100% sales and won City Development of the Year award.
- Royal Palm CompaniescoreDevelopment partner led by CEO Daniel Kodsi for major mixed-use projects including Legacy Hotel & Residences in Downtown Miami. Long-standing partnership with Astor on multiple successful deals.
- Allstate VenturesmajorDevelopment partner led by Abraham J. for real estate projects. Praised for deep understanding of real estate development and ability to turn challenges into solutions.
- REDHOEK+PARTNERSmajorDevelopment partner led by CEO Lee Cohen. Partnership described as immeasurable to continued growth and success of individual projects and development company.
- Berko & AssociatescoreAffiliated commercial real estate advisory firm headquartered in NYC providing investment sales and capital markets services. Provides comprehensive deal flow support to Astor's investment activities through contributions from 15+ investment sales professionals.
- Equitable AdvisorsminorWealth management firm whose experts Ferdinand Ruplin and Nicholas Meoli appeared on Astor's GlassDoor webinar series discussing tax planning strategies for investors.
Scale indicators12 records
Recent moves6 records
Expansion highlights5 records
Astor Realty Capital competitors and assessment
Company assessmentDirect peers
- Madison Realty Capital: NYC-based commercial real estate private equity and credit manager investing in debt and equity across the capital stack for middle-market developers. Directly comparable to Astor in geography, product mix (debt + preferred + LP equity), and target developer profile.
- Crow Holdings Capital: Dallas-based real estate investment manager with decades of experience investing across CRE strategies including development and value-add. Comparable to Astor in opportunistic CRE deployment, capital-stack approach, and target investor base of family offices and institutions.
- GTIS Partners: Real estate private equity firm investing in ground-up development and value-add across U.S. residential, multifamily, industrial, and hotel. Comparable to Astor's opportunistic ground-up and value-add strategy, capital-stack flexibility, and developer-partnership model.
- Mesa West Capital: Direct CRE senior and stretch senior lender operating across U.S. gateway and secondary markets. Comparable to Astor's debt product (SOFR + 650 bps) and middle-market developer focus, with similar fund/separately-managed-account structure.
- Harrison Street: Alternatives real estate investment manager focused on thematic and opportunistic strategies across the U.S. Comparable to Astor's specialist CRE focus, sponsor-and-developer relationships, and emphasis on institutional-quality deal flow for HNW and institutional LPs.
Broad incumbents
- JLL Capital Markets: Global CRE capital markets advisory, investment sales, and debt origination arm of JLL. Comparable to Astor's developer capital-raise and capital-markets advisory functions via Berko & Associates, though operating at significantly greater scale.
- Walker & Dunlop: Large U.S. CRE capital markets intermediary and lender with origination, investment sales, and capital deployment capabilities. Overlaps with Astor's affiliated Berko & Associates on investment sales and on direct CRE debt products.
- AEW Capital Management: Large global real estate investment manager with diversified strategies across equity, debt, and securities. Broader incumbent with overlapping CRE equity and debt capabilities targeting institutional and high-net-worth investors.
- Taconic Capital: NYC-based alternatives manager with significant real estate and credit exposure including CRE debt and equity. Comparable institutional LP base and NYC footprint, though operating as a broader alternatives platform rather than a CRE specialist.
Emerging players
- BlueRock Real Estate: Boutique CRE investment and operating platform focused on multifamily and value-add strategies. Comparable in scale and strategy to Astor's mid-market ground-up and value-add focus, with similar reliance on programmatic developer partnerships.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Astor Realty Capital social profiles
Digital presenceAstor Realty Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Astor Realty Capital leadership team
Management profileNumber of profiles
Profiles10 records
Astor Realty Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Astor Realty Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Astor Realty Capital 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 Astor Realty Capital
What does Astor Realty Capital do?
Astor Realty Capital is a private equity firm that provides accredited investors, family offices, and institutional investors with access to commercial real estate investments across the capital stack, including LP equity, preferred equity, debt financing, and the One Astor Income Fund. The firm partners with top-tier developers to deploy capital into ground-up and value-add projects in select U.S. markets, and it manages investor capital with in-house asset management, institutional-grade due diligence, and a cashflow reporting portal.
Is Astor Realty Capital a public or private company?
Astor Realty Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Astor Realty Capital founded?
Astor Realty Capital was founded in 1995. It employs 11 to 50 people.
Where is Astor Realty Capital based?
Astor Realty Capital is headquartered in New York, United States, in the North America region.
How does Astor Realty Capital make money?
Three revenue lines are on record. Management Fees are the primary driver. The others are carried Interest / Performance Fees and debt Financing Income.
Who are Astor Realty Capital's main competitors?
Direct peers on record are Madison Realty Capital, Crow Holdings Capital, GTIS Partners, Mesa West Capital and Harrison Street. Broad incumbents are JLL Capital Markets, Walker & Dunlop, AEW Capital Management and Taconic Capital. BlueRock Real Estate is listed as an emerging player.
Does Astor Realty Capital have an API?
No public API is recorded for Astor Realty Capital.
What industry is Astor Realty Capital in?
Astor Realty Capital's product category is Commercial Real Estate Private Equity. Its primary akta.pro industry code is FSANAEAI, Real Estate Funds — Opportunistic / Development, with a secondary code of FSANAEAJ, Real Estate Credit / Debt Funds. Its NAICS code is 525 and its SIC code is 6799.