News: Spotlight Content

2024 Ones to Watch - Innovators in CRE: Marc Hershberg, Topaz Capital

Marc Hershberg
Managing Partner & CEO
Topaz Capital

As managing partner and CEO at Topaz Capital, Marc Hershberg leads our strategic vision and operations across our multifamily portfolio. With approximately 10 years in the industry, He oversees a team of 25 professionals, focusing on acquisitions, asset management, and sustainable development. We not only invest in leading Series-A PropTech companies but also integrate these innovations throughout our portfolio and our partners’ portfolios. As local Florida sharpshooters, we have a keen understanding of every market in the state, except for The Keys and The Panhandle, where we do not invest.

Innovative Solution: 

In today’s challenging market, I’ve adapted our strategies by integrating advanced technology to streamline operations and enhance tenant experiences. By leveraging data analytics and smart building solutions, we’ve improved efficiency and reduced costs. This proactive approach allows us to respond swiftly to market changes, ensuring our properties remain competitive and attractive to tenants.By incorporating electric charging stations and other cutting-edge facilities into our properties, we're not only meeting current tenant needs but also future-proofing our buildings for the ever-evolving real estate landscape.

Innovative Outlook: 

I see significant opportunities for innovation in the integration of technology and sustainability within commercial real estate. Embracing PropTech solutions will enable us to optimize property management, enhance tenant engagement, and reduce environmental impact. Additionally, focusing on community-centric developments can create lasting value and resilience in our portfolios.

“Marc Hershberg is an industry leader in multifamily asset and investment management, driving innovative strategies that enhance property performance and tenant satisfaction. At Topaz Capital, he recently implemented a data-driven approach to investment analysis, utilizing advanced analytics to identify emerging market trends and optimize asset allocation. This initiative not only improves returns on investment but also strengthens our competitive edge in the multifamily sector, showcasing how strategic innovation can elevate both operational efficiency and tenant engagement.” - Etan Friedman, Topaz Capital.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary