Founded in 2010, Keystone Equities, LLC is a private real estate owner, investor, and operator focused on the acquisition and redevelopment of commercial, residential, and industrial properties across select U.S. markets. Keystone combines a conservative investment culture with a creative and entrepreneurial approach to investing. The Company seeks value creation through selective acquisitions, disciplined operating principals, hands-on property repositioning, and focused asset management.

Keystone is led by a team of industry professionals with extensive experience in real estate transactions, operations, and investment management. The Company has executed transactions independently and with strategic institutional joint-venture partners. Our capital partners include both high net worth individuals as well as some of the nation’s largest financial companies and institutional private equity funds. To date, Keystone’s principals have transacted on over $750 million of real estate related investments.

Investment Profile

Value-oriented asset acquisitions
Under-performing assets with upside potential through redevelopment or repositioning

Target Markets

In addition to New York, Keystone focuses on investing in Tier-2 high-growth markets that feature:

  • Robust job growth
  • Strong population growth
  • Great universities (preferably with engineering focus)
  • Good quality of life
  • Competitive cost of living
  • Healthy tax environment for businesses

Target Cities

Northeast Cities:
New York and the Tri-State Area

Southeast Cities:
Miami, FL
Nashville, TN

Southwest Cities:
Austin, TX
Denver, CO

Westcoast Cities:
Phoeniix, AZ
Los Angeles, CA

Property Types

Office: Urban core-plus or value-add opportunities.
Residential: Urban rental apartment buildings or class-B garden-style multi-family assets
Industrial: Value-add opportunities with upside potential
Retail: Prime urban retail
Land: Urban development and fee position purchases

Target Returns

Core-plus (12-15% IRRs)
Value-add (+16% IRRs)

Target Hold

Two years or more, including initial value add period.

Deal Size

Investments typically range between $5 million and $150 million.

Capitalization

Balance sheet capital, institutional partnerships, high net-worth investors, or co-managed ventures with third parties.