MARCUS ASSOCIATES PROPERTY MANAGEMENT, INC (“MAPM”)
is a privately held commercial real estate investment, ownership, syndication and property management company which invests in office, multi-family residential, industrial, flex and free-standing retail properties throughout the United States. MAPM is a third generation business currently operating out of Stonington, CT. MAPM’s roots are in the development & ownership of garden apartments in Bergen County, NJ where it continues to own a sizable portion of its investment portfolio. In early 2000, MAPM began its out-of-state investment program; today it owns more than 25 net-leased properties in states as far west as California and as far south as Alabama and Texas in addition to its New Jersey portfolio of properties. National tenants include Bank of America, Walgreens, WaWa, Goodwill Industries, Kindercare Learning Center, Davita Dialysis, CVS-Caremark, and Rite-Aid Corp, among other prominent tenants.
MAPM acts as lead originator on all acquisitions. Its role includes: identifying appropriate investment properties which meet investment strategy criteria; performing all necessary due diligence, including retaining outside specialists such as environmental consultants to review historical uses of the property for environmental concerns; capitalizing the investment, which includes sourcing all necessary debt & equity to close the transaction; and, selecting appropriate legal counsel to conclude the transactions. Both high net worth individuals as well as public companies co-invest along with MAPM. MAPM maintains a long term perspective on its property portfolio, with the majority of properties in its portfolio held for more than 20 years. Consistent with that philosophy, MAPM seeks out lenders willing to commit to 15-25 fixed-rate, self-liquidating, non-recourse loan programs. By use of this conservative investment strategy, MAPM has avoided the interest-rate risk and re-financing risks faced by many other commercial property owners during the Great Recession.
Mitchell Marcus is the principal of MAPM. Mr. Marcus holds a B.A. degree from Vassar College (major: Political Science) and an M.B.A. degree (major: Finance) from NYU’s Stern Graduate School of Business Administration. Mr. Marcus is the managing partner of more than 35 separate commercial real estate companies.