Christopher Schlank, founder and managing partner of Savanna, a private equity firm an asset management company, was the featured speaker at October's Young Men's/Women's Real Estate Association's (YM/WREA) monthly luncheon.
Schlank discussed Savanna's various recent real estate acquisitions, properties situated in city neighborhoods including the Garment Center and Lower Manhattan and he also explained the firm's investment strategies, focused on acquiring solid cash-flow producing properties with long-term financial upside.
Shown seated (from left) are: David Berke, vice chairman; Schlank; Brandl Frey, chairman; and Stephen Gordon, secretary. Shown seated (from left) are: Glenn Tolchin, governor; Michael Rudder, governor; Andrew Lazarus, treasurer; Lindsay Ornstein, membership; John Pavone, governor.
Established in 1948, with a membership totaling approximately 394, YM/WREA promotes greater understanding and knowledge of the real estate industry among its constituents through its monthly luncheons and wide variety of philanthropic activities including New York Cares, Central Park Clean-Up Day, an Annual Blood Drive, among others, in addition to many social functions.
East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
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