Neighborhood Property Group’s mission is to acquire, revitalize, and reimagine underutilized urban spaces into thriving hubs that connect people and communities to the goods, services, and experiences neighborhoods need to thrive.
By leveraging strategic partnerships – including Oaktree Capital Management, L.P., one of the largest alternatives investors in the United States, and REEF Technology Inc., one of the largest parking operators in North America – we transform urban real estate to better serve its neighborhood.
We make long-term investments in infrastructure assets throughout the top metropolitan markets in North America, with an initial focus on parking garages and surface lots. By combining REEF’s expertise in parking and last-mile logistics operations with Oaktree’s deep knowledge of long-term investment in transportation infrastructure, we strive to create future-proof, multi-purpose, community-serving spaces.
An estimated two-thirds of the world’s population will live in cities, big and small, by 2050. But for the last decade our cities have been straining under the pressures of the on-demand economy, rising real estate costs, commuting congestion, and climate change. Over the last several years cities have begun reimagining more sustainable and neighborhood-centric economies where families can work, live, play, and grow within a short walk or bike ride of their homes. This transition has been accelerated by COVID-19, with a decade of change happening in a matter of months.
Neighborhood Property Group seeks to foster positive change in communities by partnering with local communities, small businesses and entrepreneurs, and policymakers to help lead this change. By working together, we can reimagine and rebuild better, and help our cities become more sustainable and inclusive centers of community and opportunity.