At a relatively young age, New York-based property developer Jason Halpern has already established himself as one of America’s real estate kings. He heads JMH Development, a position that he has been holding since 2010. This real estate development firm has invested over $500 million in lucrative commercial and residential projects, which mainly target affluent buyers. The company’s property portfolio is mainly in New York and its surrounding suburbs.
When he took over JMH Development, not many people expected Jason to succeed. This is because the real estate market was still recovering from the 2009 economic meltdown, which had forced hundreds of property firms to close shop. Nonetheless, Halpern formulated strategies that not only cushioned the company from the financial crisis, but also helped it post impressive revenues. It is safe to argue that JMH’s outstanding growth has corresponded with Jason’s stint at the top.
Pragmatic Business Strategies
When he took over, Halpern’s first task was to convince financiers to keep investing in the sector. It should be noted that at that time, the real estate market was facing an uncertain future. Jason oversaw the formulation of resilient business strategies that have helped JMH to dominate New York’s high-end property market. His extensive networks have made it easier for him to seek investment funding, something that has enabled the firm to venture into previously uncharted markets in Florida, Brooklyn, and Manhattan.
Jason understands what it takes for a company to succeed in an industry that is typically characterized by stiff competition. As JMH’s managing partner, he has been able to instill team work, ethical business practices, and proactive marketing into the firm’s corporate culture. His aim is not only to offer exquisite commercial and residential properties but also to maintain the family legacy since the Halperns are synonymous with the success of New York’s property scene.
Jason recently launched an upcoming project in Miami. The company has partnered with Madden Real Estate Ventures to redevelop Loft South Beach. This is an exciting project for the company since it will help it dominate Miami’s property market for years to come. Mr. Halpern studied at George Washington University.
Real estate prices in New York have shot through the roof, and real estate brokers/developers in New York City are taking notice of these high prices. Developers will make quite a lot of money when they are selling or developing real estate, but these developers know that affordability in the city will become quite a problem for denizens of New York if this trend continues.
#1: Luxury Daily Reports The Story
Luxury Daily first came out with the report on rising NYC apartments for sale prices. The report states the facts as they are today, and the report shows that some real estate developers are not very concerned about these figures. TOWN Residential is on such developer.
#2: TOWN Residential Says This Is Not A Trend
TOWN Residential believes that real estate prices in New York will not continue to rise at such an incredible rate. A spokesman for the company says that the higher prices in the city will help developers maintain high prices, but TOWN does not believe this is a larger trend that will make real estate in the city too expensive for people to afford.
#3: TOWN Residential Publishes The Aggregate
The Aggregate is a report that shows real estate figures from all over the city. TOWN is invested heavily in many different parts of New York, and the city is a playland where they do work with development and home sales. Their own magazine does not believe that New York real estate prices will get out of hand, and TOWN will stay the course as prices stabilize at a very high rate.
#4: There Was A Small Fall
There was a small fall in prices in New York City in the third quarter of 2015, but this is no cause for concern. Analysts at TOWN Residential believe that they will see real estate prices rise back to previous levels. Development in the city will help keep those prices as high as possible. The lack of a trend makes the New York real estate market makes investors safer, and luxury developers like TOWN Residential still have an affordable market to work in.
There are many reasons that real estate prices are high in New York, and high prices are not a surprise. The developers in the city see this as a plateau that will help maintain high prices, and these developers will make money without losing investors.