Yale Realty Services Corp - About Us
Based in Westchester County, NY, the firm owns and operates a portfolio of high yield retail properties along the U.S. Atlantic Seaboard.
Established in 1990 by Yale Paprin, the vertically-integrated firm focuses on capturing and enhancing value in all facets of the investment process. Deals sponsored by Yale Realty have consistently performed above a 15% internal rate of return, with few exceptions, and have averaged returns in excess of 25%. This proven track record of generating attractive risk-adjusted returns across multiple cycles has made Yale Realty a trusted leader in commercial real estate.
Yale Realty's geographic focus - the continental United States, primarily from the Atlantic Seaboard extending westward to the Mississippi River - presents the optimal balance. This concentration facilitates indigenous knowldge and relationships, cost effective management, and thorough management oversight. At the same time, it allows for exposure to a broad inventory of properties and diversification across real estate, economic, and demographic drivers.
Emphasis on Shops
The acquisition philosophy places strong emphasis on strips of smaller shops, which tend to reflect more reasonable pricing and more elasticity with respect to operational improvements and strategic initiatives. In certain circumstances, the firm prefers to own only the shadow-anchored strip rather than the big box, as the terms and conditions of the anchor's lease are often onerous and inhibit added investor value.