Aria Development Group

The Marriage of a Classic Value Investment Strategy With the Traditional Real Estate Principles of Location, Scarcity and Beauty

Aria is a real estate investment and development firm with offices in New York City, Washington, DC and Miami. Founded in 2009 by partners Joshua Benaim, David Arditi and Timothy Gordon, the firm marries a classic value investment strategy with the traditional real estate principles of location, scarcity, and beauty. Aria invests capital on behalf of its principals and partners in both real estate equity and real estate related debt. Aria specializes in complex situations including ground up development and adaptive reuse, mezzanine financing for assemblage or construction, preferred equity and joint venture equity. Aria’s development projects are focused on creating distinguished urban infill multifamily and mixed-use properties in great neighborhoods. Notable developments include 321 Ocean in Miami Beach, The Bond and The Alden in Washington DC and 465 Pacific in Boerum Hill, Brooklyn, NY. Since inception, Aria has invested in excess of $300 million of equity through joint ventures and its discretionary fund, Aria Investment Partners LP.

Our Core Principles

• Value investment approach. We target underutilized or mispriced assets in prime locations.
• Market focus. We are highly focused on markets where Aria has a long operating history.
• Old-Fashioned emphasis on location. Aria concentrates on great locations in dynamic neighborhoods with vibrant urban life.
• Complexity. We navigate intricate situations to unlock value without additional risk (complex financial structures, distressed debt, rent regulations, zoning codes, tax credits, historic preservation and agency financing).
• Downside protection. We structure transactions to mitigate risk.
• Development vision. Once we have secured a site, we immerse ourselves in creating a project tailored to the particular market and tirelessly work to realize the development’s full potential.
• Close alignment of interests. Aria and its affiliates invest significant capital in each transaction. Our firm places the highest value on integrity and transparency.

Aria Operates with a Well-Defined, Time Tested Investment Philosophy in Markets We Know Intimately

Aria’s principals have strong personal ties, complementary professional backgrounds and share a conservative, value-oriented investment approach. The Aria partners have executed transactions together for over ten years and share a friendship spanning three decades. They have each worked at leading Wall Street firms that emphasize analytic excellence, creativity and personal drive.

Aria benefits from strategic partnerships with two prominent New York real estate families, each with a 60+ year track-record of real estate development, investment and management across a variety of asset classes. The investment approach of the Aria principals is influenced by the success of these families over multiple cycles: buying discipline, low leverage, prime locations.

Aria places a strong emphasis on business relationships and local knowledge. We focus on markets where we have been operating for years and have strong connections to the real estate community: Miami, New York and Washington, DC.