Commercial Real Estate Investment & Asset Management
Adam Sasouness, Josh Sasouness and Judah Angster, all real estate industry veterans and long time friends, wanted to form a company that would focus on the growing need for affordable luxury apartments in revitalizing neighborhoods. The Sasouness brothers, founders of Dwight Capital, a top-3 HUD lender/servicer, understood the need to focus on the outer laying boroughs of the major cities in the Northeast. Judah Angster, former CEO of Castlerock Equity Group, wanted to invest in the thesis of neighborhood growth along train lines. Together they formed Dwight City Group to locate, acquire and manage multifamily assets in walking distance to a train and within a thirty minute commute by public transportation to a major Central Business District (CBD). The company’s core focus is to locate assets within growing neighborhoods and revitalize them through updates, renovations and amenity additions. With acute focus on specific cities, using in depth and up to date data coupled with economies of scale, Dwight City Group is able to realize added value where other's may not.
Investment Strategy
As urban development and major cities evolve, neighborhoods in surrounding and commutable towns become encompassed within the metropolitan landscape. This has happened in London, Tokyo, Hong Kong and of course within all major Northeast Cities. Our goal is to locate new neighborhoods to join the landscape of the growing Downtown CBD and attract renters looking for value, while maintaining proximity to the city they love. We identify potential assets by analyzing commuter lines and tracking local data to confirm that the neighborhoods are revitalizing. All our assets must be commutable to Downtown within 30 minutes by public transportation. Thus, guaranteeing that over time, the neighborhood will become part of the City skyline.