Since 2005 JOSS Realty Partners successfully utilized its real estate operating and investment management expertise to maximize returns for
OVER $800 MILLION OF OFFICE ACQUISITIONS SINCE INCEPTION
11 YEAR INVESTMENT TRACK RECORD
CURRENT PORTFOLIO OF
2.0 MILLION SF IN NEW YORK, LOS ANGELES, SAN FRANSCISCO, WASHINGTON, D.C. AND PHILADELPHIA
Supply constrained markets with significant barriers to entry
Resilient leasing fundamentals with low volatility
20 years of carefully cultivated relationships with capital partners, investment sales brokers, leasing agents, property managers, development consultants and other landlords
Reposition through capital improvement plans and
execute redevelopment strategies
Formulate new leasing initiatives and implement
cost savings programs
Multiple exit strategies
Core, Core Plus, Value-Add, Opportunistic
One Asset Class – Commercial Office
$20 million to $100 million sweet spot is less
trafficked by institutional capital
Includes property management, leasing and construction management
Blends JOSS asset management with strong focus on operations
and value creation
Provides additional market insight during underwriting
process and possible acquisition pipeline opportunities
Mr. Botel founded JOSS Realty Partners in 2005. He oversees all company investment and management activities. Since inception JOSS has acquired 18 office assets totaling over 2.5 million square feet with a value in excess of $750 million in New York City, Washington, DC, Philadelphia and Miami. Prior to JOSS, he spent three years as the Chief Operating Officer at Broadway Partners, where he oversaw all operations, staffing, asset management and underwriting activities. Mr. Botel directed Broadway from a sole proprietorship with limited operating capability to a full service real estate investment company owning 3.6 million square feet of commercial office space valued at over $850 million.
From 1997 to 1999 he was a Vice President and Head of Real Estate at Fortress Investment Group / UBS Global Principal Group / BlackRock Capital Finance. Mr. Botel held previous positions at Mutual of New York Real Estate and Prudential Realty Group. Mr. Botel is also a General Partner of two affiliated Minor League Baseball teams, the Richmond Flying Squirrels (SF Giants AA) and the Omaha Storm Chasers (KC Royals AAA).
Mr Botel received his M.B.A. from the University of Chicago Graduate School of Business in 1993 and B.S.B.A from Georgetown University in 1988 and currently serves on the Georgetown University McDonough School of Business (MSB) Board of Advisors and Executive Committee for the MSB Real Estate Initiative.
Michele Balfour joined JOSS in 2014. She has held a variety of jobs related to international law and development. She was the New York Liaison for Refugees International. From 2001 through 2005, she liaised with the UN and the NGO community in New York City and researched legal issues affecting the displaced. Prior to working for Refugees International, Michele worked for Rogers & Wells (now Clifford Chance) as a corporate attorney focused on cross border finance, M&A, and structured finance.
Upon graduating from Fordham Law, Michele managed an international technical assistance program for the Federal Trade Commission's Bureau of Competition with the former Soviet bloc and Central and South America. She was a World Bank Consultant to the Russian Antimonopoly Office. Michele attended Georgetown University’s School of Foreign Service. Currently, Michele is on an Advisory Board of NYU's Center for Global Affairs, is an associate of the Inter American Dialogue (Washington, DC), serves on the Annual Funds at her children's schools, and is on the Board of Governors of the Washington Club in Washington, CT.
A real estate professional with more than 30 years
of experience in the Washington area, Larry McCulley oversees property management and construction management services for BMS Realty Services. Mr. McCulley is highly regarded in the region for his expertise in overseeing commercial properties with
a focus on the owner’s perspective – streamlining operations, attracting and retaining tenants and enhancing long-term property value. Mr. McCulley manages BMS Realty’s property management teams, including staff focused on operations, maintenance, accounting, and financial reporting. His leadership
has resulted in BMS Realty’s distinctive track record
in serving building owners such as the National
Football League Players Association for many years, as
well as managing properties such as the landmark Washington Harbour long-term through multiple owners.
Prior to establishing BMS Realty Services in 1999,
Mr. McCulley worked with Jones Lang LaSalle, where
he served as director of property management and managed more than 2.5 million square feet of space. Today, Mr. McCulley provides active, hands-on oversight of several commercial properties, providing day-to-day management, operations planning, long-term capital planning, implementation of sustainable practices and construction management/owner representation for tenant build-outs and renovations.
Ms. Donohoe joined JOSS as Chief Financial Officer in March 2017, and brings over 17 years of financial experience as well as several years of experience in pro bono management, finance and fundraising roles. Most recently, she served as Chief Financial and Operating Officer for Rion Capital LLC, a fixed income arbitrage hedge fund which invested in CMBS, CLOs and other structured products (2012- 2017).
Previously, she was an investment banker at Merrill Lynch for 10 years (1995 - 2005), where she advised companies on capital raising and strategic transactions. Prior to graduate school, Ms. Donohoe worked as a financial planner for senior corporate executives at the AYCO Corporation (1988 – 1991). Ms. Donohoe earned a JD with honors and a MBA with high honors from the University of Chicago in 1995 and a B.S. in Finance with honors from the University of Illinois, Urbana in 1988.
Jake Brodlie joined JOSS Realty Partners in March 2015. Prior to working at JOSS, Mr. Brodlie served as an analyst at RBS Citizens Financial Group where he helped spearhead various restructuring initiatives leading to increased profitability within the bank’s Treasury Solutions Group. At JOSS, Mr. Brodlie is responsible for acquisition underwriting, financial modeling, and due diligence. He also plays a central role in sourcing and asset disposition. Since joining the firm, he has closed over $70 million in direct real estate investments.
He earned a B.A. in History from Cornell University in 2013 and an M.S. in Real Estate Finance and Investment from New York University’s Schack Institute of Real Estate in 2016.