PEOPLE

IDEAS

VISION

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IMPERIAL
COMPANIES

Imperial Companies, led by founding partners Eric Birnbaum and Michael Fascitelli, is a vertically integrated real estate investment, development and management platform focused primarily on mixed-use, residential, hospitality assets across all major US markets. Headquartered in New York City, the firm has deployed approximately $1 Billion of total capitalization across its various investments since its launch in 2014, with the goals of value creation and long-term wealth preservation through ownership, development and/or strategic partnerships.

Imperial Companies is recognized for its transformative real estate investments, buying high-quality, well-located assets with strong underlying fundamentals and implementing comprehensive repositioning or development strategies to maximize value. The organization has deep relationships within commercial real estate. Imperial is able to leverage over 45 years of principal experience – to access proprietary, off-market deal flow and execute transactions with speed and efficiency.

Imperial Companies has the experience and know-how to recognize compelling real estate opportunities based on market fluctuations, and can move selectively and opportunistically. Collectively the firm’s two partners have completed over $17 billion in real estate acquisitions, and its team of fully integrated real estate professionals is experienced in analyzing, underwriting structuring and executing transactions. Imperial Companies is committed to creating and preserving long-term wealth by building a diversified portfolio of real estate assets that generate superior risk-adjusted returns for investors.

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OUR
APPROACH

Imperial Companies seeks to generate attractive, risk-adjusted returns through all market cycles through a fully integrated platform of investment, asset management and operational professionals working closely together to build a diversified portfolio. Imperial Companies long-term approach promotes the ability to focus on underlying fundamentals and seek to maximize the full value of each asset.

01.

INVESTMENT THEMES

  • Broad based strategy provides flexibility to opportunistically invest across property types
  • Generate attractive risk-adjusted returns with prudent levels of leverage
  • Complex investments that offer attractive risk-adjusted returns due to inefficient pricing
  • Opportunity to create and enhance value through aggressive, hands-on asset management strategies

LOCATION, LOCATION, LOCATION

  • High quality assets that are well-located and can be repositioned to enhance market value
  • Strong and improving underlying real estate fundamentals
  • Favorable demographic trends, population growth, leading indicators of gentrification, and other critical statistical data
  • Submarkets with strong underlying economic trends

02.

03.

PROPERTY CHARACTERISTICS: GOOD BONES

  • Primary focus on Office, Residential, Urban Retail, Mixed-Use
  • Undercapitalized / Underutilized / Mismanaged Assets
  • Aging infrastructure with ownership that lacks the capital, operational expertise or vision to improve the property’s positioning
  • Adaptive reuse and repositioning

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TEAM

Co-Founder and Managing Partner

MICHAEL D. FASCITELLI

Michael D. Fascitelli is the former President and Chief Executive Officer of Vornado Realty Trust and former President of Alexander’s, Inc. He currently serves as a Trustee of the Board of Vornado Realty Trust.

He is a member of the class of 1978 of the University of Rhode Island where he received his BS in Industrial Engineering, Summa Cum Laude. After graduating URI, Mr. Fascitelli joined the Bristol Myers Company. In 1982 he received his MBA with highest distinction from the Harvard Graduate School of Business Administration. After graduating from Harvard in 1982, Mr. Fascitelli joined McKinsey & Company, Inc., a management-consulting firm.

Mr. Fascitelli has been active over the years in the real estate industry and his community. He is a Trustee and Director of the Urban Land Institute. He is past Chairman of the Wharton Real Estate Center and still serves on the Executive Committee. He serves on the Board of the Child Mind Institute and The Rockefeller University Board of Trustees. From the Great New York Councils Boy Scouts of America he received the Good Scout award and the James E. West Fellow award in 1997 and he received the Silver Beaver Award in 2003. In May 2008, he received his Doctor of Laws from the University of Rhode Island.

Eric Birnbaum is a leading New York-based developer and co-founder of Imperial Companies, a vertically integrated real estate investment, development and management platform.

Birnbaum’s diverse portfolio includes numerous critically acclaimed projects. He is the creator of the “boutique residential” category, epitomized by Birnbaum’s Henry Hall. Opened in 2017, this 225-unit rental building offers residential living with boutique hotel amenities. Vogue calls Henry Hall “a residential building that looks more like a members-only club you’ve somehow finagled your way into.” Birnbaum is also behind the unique 700-room mixed-use ground-up development The Pod Hotel in New York’s Times Square. He is currently developing hotels in Las Vegas and South Beach, Miami.

Since 2014, Birnbaum and his team have deployed more than $1 billion of total capital across primarily residential and hospitality assets. In late 2017, Imperial successfully raised and co-sponsored a blind pool acquisition vehicle (SPAC) with Noam Gottesman’s TOMS Capital focused on real estate operating companies. The company currently trades under the ticker: LAHL.

Before forming Imperial, Birnbaum led his own firm and deployed approximately $500 million dollars in capital over 13 transactions. Prior to that, he was also a member of the publicly-traded real estate giant Vornado Realty Trust where he worked in Acquisitions and Capital Markets, and participated in the acquisition and financing of more than $1 billion in office and retail assets.

A native of New York City, Birnbaum is an avid runner and a New York Mets fan. His favorite hometown restaurants include Legacy Records, Carbone and Tal Bagels. He lives on the Upper East Side with his wife, their three children and their Golden Doodle, Cooper.

Co-Founder and Partner

ERIC BIRNBAUM

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CONTACT
US

IMPERIAL COMPANIES

888 Seventh Avenue, 27th Floor
New York, NY 10019
(212) 894-7090

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