Our Press

Ladder Capital Lends $23M on Upper Manhattan Multifamily Portfolio

Ladder Capital has provided $23 million to Novel Property Ventures to finance an 11-building collection of multifamily assets located throughout central Harlem in Upper Manhattan. >>Read More

Novel Property Ventures Believes that Kindness Drives Achievement

Stereotypes and dramatic television shows tell us that high-powered firms in New York are invariably competitive, ruthless, and uncompromising. Our expectations drive our imaginations — we picture leaders as hard-driving, ambitious taskmasters, and employees as fiercely independent, canny achievers that push their companies forward via their individual successes. >>Read More

NYC Real Estate Laws Inspired Bennat Berger to Become a Tech Investor — Here’s Why

If it weren’t for changes in the real estate market, Bennat Berger might never have decided to go through with it. At just 32 years old, Berger had already established himself as a savvy entrepreneur within New York’s real estate sector. He stood as the CEO and co-founder of the management firm Novel Property Ventures, where he was tasked with overseeing the acquisition, development, and sale of commercial and residential buildings in Manhattan and Brooklyn’s most desirable neighborhoods. >>Read More

Novel Property Ventures scores financing for New Jersey apartment complex

An Essex County apartment community has secured $117.86 million in financing, NJBIZ reported. JLL arranged the loan for Everly Roseland, which includes 360 apartment units. The firm “worked on behalf of the borrower, Novel Property Ventures,” to secure the loan; a $96.36 million senior loan came from an international bank, and a $21.5 million mezzanine loan came from J.P. Morgan Asset Management, according to the outlet. >>Read More

Novel Property Ventures Secures $118M Refi of Everly Roseland

JLL, which arranged the financing deals for the borrower, reports that Novel Property Ventures secured a $96.36-million senior loan through an international bank and a $21.5-million mezzanine loan through J.P. Morgan Asset Management. >>Read More

JLL Arranges Financing Totaling $117.86 Million for 360-Unit Apartment Community in New Jersey

JLL announced today it has arranged financing totaling $117.86 million for Everly Roseland, a 360-unit apartment community located in Roseland, Essex County, New Jersey. JLL worked on behalf of the borrower, Novel Property Ventures, to secure the $96.36 million senior loan through an international bank and a $21.5 million mezzanine loan through J.P. Morgan Asset Management. Proceeds from the financing were used to refinance the existing loan and provide future funds to allow the borrower to complete its unit renovation program at the property. >>Read More

Atlas Real Estate Partners Acquires FL Property

Attracted by the market’s strong apartment fundamentals including population, income and employment growth as well as the asset’s value-add potential, Atlas Real Estate Partners made its first multifamily acquisition in Jacksonville, Fla., with the purchase of the 400-unit Pier 5350. >>Read More

Atlas, Novel Bag FL Asset

A joint venture combining Atlas Real Estate Partners and Novel Property Ventures, both based in New York City, has acquired Urban Style Flats Apartments in downtown St. Petersburg, Fla. >>Read More

BCB sheds more assets with $38M Crown Heights sale

BCB Property Management is continuing to divest its real estate holdings as co-founder Bennat Charatan Berger shifts his focus to a new venture. The firm just sold three Crown Heights rental buildings to two separate buyers for a total of $37.8 million. >>Read More

Berger, Miller buy Prospect Heights rental for pricey $450 psf

Novel Property Ventures acquired a six-story Prospect Heights rental building for $23.5 million, or roughly $450 per square foot – one of the highest prices per square foot paid for a property with rent-stabilized units in the neighborhood. >>Read More

Novel Property Ventures Launches With $35M Multifamily Deal

BCB Property Management’s Bennat Charatan Berger and Excelsior Equities’ Andrew Miller have joined forces to form Novel Property Ventures, a new investment firm, storming out of the gate with a $35M, 12-building multifamily portfolio purchase in Central Harlem. >>Read More

Berger, Miller strike again with $25M Brooklyn Heights buy

For the first time in 50 years, the Plymouth House, a six-story Brooklyn Heights rental building, has sold – and not to the pilgrims. Novel Property Ventures paid $25 million for the nearly 32,000-square-foot property at 111-115 Henry Street, just a week after making its debut purchase in the form of a 12-building portfolio, The Real Deal has learned.>>Read More

BCB’s Berger, Excelsior’s Miller launch JV

BCB Property Management’s Bennat Charatan Berger and Excelsior Equities’ Andrew Miller have teamed up to form a new investment firm, The Real Deal has learned. The company, Novel Property Ventures, burst out of the gate with a Central Harlem multifamily portfolio buy for $35 million. >>Read More