01/16/2018
Strategic Properties of North America has agreed to buy all 268 units in Kennelly Square, a 22-story tower at 1749 N. Wells St.
Read the full Crain’s Chicago Business article here.
Yitzy has been a driving force behind SPNA’s growth, acquisitions, and value-add strategies for over a decade. His unique perspective of real estate and specific ability to accurately formulate and oversee complex business strategies has enabled SPNA to always remain at the forefront of multifamily investment innovation. In recent years, Yitzy has led SPNA’s targeted Midwest expansion by acquiring over $1B in assets and 7,000+ units.
SPNA originally created successes by improving and stabilizing struggling class “C” buildings in 3rd tier markets. While the team skill and hard work was never lacking, Yitzy led SPNA to mitigate risk and benefit from similar profit margins in class “A”, high-barrier-to-entry markets by buying quality assets at uncommon discounts.
Yitzy’s belief that every interaction and experience should be used to guide future company growth and acquisitions has created a culture that is never satisfied with the status quo. Both a leader and a doer, Yitzy directly involves himself in each stage of the deal cycle from the initial deal sourcing and raising of capital, through closing and business-plan implementation. His creative thinking and effective collaboration with all teams in the organization create exceptional opportunities that are not easily replicated. This has resulted in numerous acquisitions of highly desirable properties at below-market pricing.
The Pre-Condo Deconversion Strategy (PCD) is an example that perfectly portrays the current direction of SPNA under Yitzy’s trailblazing leadership – a direction that will change the face of multifamily real estate in Chicago – and lend strength to SPNA being a dominating force in multifamily for a long time to come.
Saul Kuperwasser has been responsible for the organizational core values, as well as growth and profitability, since inception. He is widely recognized in the industry as the fuel for SPNA’s exceptional growth.
“In my experience in real estate, past successes are generally not applicable to new success–you can learn from it, though we must continue to reinvent ourselves, responding to changing times with innovative new ideas and business models.”
Saul employs a forthright leadership approach when determining commercial real estate opportunities across the country. His in-depth knowledge of the real estate market coupled with his diverse experience and instinctive ability to identify the true potential of real estate assets, has earned him the respect of his peers and the trust of some of the country’s most prolific real estate investors.
Whether navigating the complexities of a multi-million dollar closing, or focusing on growing the organization, Saul’s relentless pursuit to get the job done delivers uncompromising results, project after project.
