Real Estate Fund Investment Opportunity: Class A Residential Rental Development on the East Coast – Canoe Brook – 12.21.21

Summary:

Now On Demand.
Canoe Brook, a premier developer of Class A apartments and mixed-use projects, is raising a $50-75 million fund to continue its successful investment strategy of developing residential assets with resort-style amenities in prime, high barrier-to-entry sub-markets in Northern New Jersey and the surrounding Northeast and Mid-Atlantic.

Canoe Brook is the family office of Marshall Tycher and Carl Goldberg, who in the early 1990s co-founded Roseland Property Company, a premier multifamily development company that invested over $1.5 billion in capital provided by major institutions such as Prudential, UBS, Apollo and Carlyle. In 2012, Roseland was acquired by Mack-Cali, a $5.5 billion publicly traded office REIT that was launching a residential platform. At Roseland and Mack-Cali, Marshall was responsible for developing over 14,000 units of over 50 projects of high quality, Class A apartments, from stick-built garden projects through 50-story high-rise urban towers, mostly in the Northeast and Mid-Atlantic regions.

The Canoe Brook principals will discuss:

This is a unique opportunity to invest alongside a premier third generation family builder with a 30-year institutional reputation for integrity and delivering highly successful suburban and urban Class A projects.

Speakers:

Mr. Tycher co-founded Roseland in 1992 and directed the Company’s multifamily development platform overseeing the design, construction and leasing of $2 billion in residential development from Washington to Boston. Prior to founding Roseland in 1992, he began his career with Lincoln Property Company in 1979 and was appointed the Texas operating partner in 1981. In 1987, Mr. Tycher established Lincoln Northeast Residential as its Managing Regional Partner. During his 14 year tenure at Lincoln he developed 11,000 apartments in eight states. Mr. Tycher currently serves as the Executive Chairman of Roseland Residential Trust, a wholly-owned subsidiary of Mack-Cali Realty Corporation and oversees a $1 billion development program and the operation of 8,000 apartments.

Mr. Tycher received a BSBA from the University of Denver, a Juris Doctorate from Southern Methodist University and is a member of the Texas State Bar. He is married and lives in New York City.

Prior to joining Roseland in 1993, Mr. Goldberg spent his entire real estate career with Bertram Associates, a prominent regional homebuilder. Since the inception of Roseland, Mr. Goldberg has been responsible for securing the entitlements for the development of communities throughout the northeast with a special emphasis on urban waterfront development. He has directed the Roseland production of over 1,500 homes annually including the oversight of Roseland’s flagship endeavor, Port Imperial.

Mr. Goldberg is a former chairman of the New Jersey Sports and Exposition Authority, serving under four governors, and the current co-chair of the Rutgers School of Business Center for Real Estate Studies, where he also serves as a professor for graduate students studying real estate development. He is the chairman of the New Jersey Builders Political Action Committee and a former president of the Community Builders Association. Educated at Johns Hopkins University, he received a B.A. in Natural Sciences. He has two daughters and resides in Randolph, New Jersey.

Jack Tycher is responsible for the day-to-day land acquisition, development and construction activities for Canoe Brook Development. Prior to joining Canoe Brook Development, Mr. Tycher was Vice President of Acquisitions and Development at Roseland Property Company. During his tenure, he directed the acquisition, pre-development and asset management responsibilities for over 3,000 units of multifamily properties valued in excess $750 million. Prior to Roseland Property Company, Mr. Tycher worked as a financial analyst at Hines Interests. He received an MBA from George Washington University. He is married with two children and lives in Montclair, NJ.