Performance History

PERFORMANCE HISTORY BY THE NUMBERS (1971 – 2018)

  • Since the first property acquired by Gerald Guterman in 1969, no property has ever been lost to default
  • From 1971 through 2017, the average annual ROI for Guterman Partners multi-family properties held for investment (without condominium conversion), is 23.1%
  • From 1978 through 2017, the average annual ROI for Guterman Partners multi-family properties acquired for condominium conversions, is 58.3%
  • From 1973 through 2017, the average annual ROI for Guterman Partners multi-tenant office properties held for investment, is 34.1%
  • From 1976 through 2017, the average annual ROI for Guterman Partners full- service hotel properties held for investment, is 27.8%
  • From 2012 thru 2018 the average annual ROI for Guterman Partners single family houses, is 28.9%
  • Guterman Partners properties have been both directly and indirectly debt free since 1996
MULTI FAMILY RESIDENTIAL – (Held for Investment)
  • Apartments held for Investment: 18,663
  • Apartments held for Investment by square feet: 18,103,110
  • Average square feet: 970
  • Average acquisition price per square foot: $128.87
  • Average sales price per square foot: 210.02
  • Average holding time to sale: 51 months
MULTI FAMILY RESIDENTIAL – (Converted to Condominium)
  • Apartments converted to condominium: 16,028
  • Apartments converted to condominium by square feet: 15,547,160
  • Average square feet: 970
  • Average acquisition price per square foot: $128.87
  • Average condominium sales price per square foot: $305.50
  • Average conversion time to condominium: 13.6 months
MULTI TENANT OFFICE PROPERTIES – (Held for Investment)
  • Multi-Tenant Office properties owned: 31
  • Multi-Tenant Office properties managed, by square feet: 3,259,000
  • Office properties average acquisition price per square foot: $48.00
  • Office properties average sales price per square foot: $302.00
  • Office properties average time held: 84 months
HOTELS – (Non-Wyndham, Held for Investment)
  • Keys held for Investment: 676
  • Keys held for Investment by square feet: 255,528
  • Average square feet: 378
  • Average acquisition price per square foot: $148.48
  • Average sales price per square foot: 304.85
  • Average holding time to sale: 30 months
SINGLE FAMILY PROPERTIES – (Rehabilitated and Sold)
  • Single family houses owned and sold: 608
  • Single family houses owned and managed square feet: 1,398,400
  • Single family average acquisition price per square foot: $73.00
  • Single family average sales price per square foot: $116.00
  • Single family average time held: 60 business days
CONTRACT MANAGEMENT – UNAFFILIATED PROPERTIES (held three years or greater)
  • Unaffiliated apartments / operational asset and property management: 61,106
  • Unaffiliated square feet / operational asset and property management: 60,189,140
TOTAL SQUARE FEET UNDER OPERATIONAL ASSET AND PROPERTY MANAGEMENT:  98,496,810

 

PERFORMANCE HISTORY IN SUMMARY 

MULTI-FAMILY RESIDENTIAL PROPERTIES
  • Developed and/or acquired and thereafter operated; fifty-five (55) multi-family high rise and garden apartment residential buildings and communities, containing eighteen thousand six hundred sixty-three (18,663) apartments located in fourteen (14) states.
CONDOMINIUM DEVELOPMENT AND CONVERSIONS
  • Developed and/or acquired and thereafter operated, converted to condominium ownership and successfully sold, twenty-one (21) multi-family high rise buildings and garden apartment residential communities containing a total of sixteen thousand twenty-eight (16,028) apartments comprised of twelve thousand nine hundred twenty-one (12,921) Apartments in the Greater New York Area, as well as nine (9) multi-family residential communities containing three thousand one hundred seven (3,107) additional apartments in nine (9) other states.
UNAFFILIATED THIRD-PARTY CONTRACT ASSET AND PROPERTY MANAGEMENT
  • Provided contract operations and property management for three hundred-five (305) unaffiliated third party multi-family high rise buildings and garden apartment rental and condominium communities, containing more than sixty thousand residential (61,106) apartments located in ten (10) states.
 MULTI-TENANT OFFICE PROPERTIES
  • Acquired and operated thirty-one multi-tenant office buildings containing more than three million two hundred fifty thousand (3,250,000) net rentable square feet of office space located in eight states.
 PATRIOT AMERICAN INVESTORS AND PATRIOT AMERICAN HOSPITALITY
  • Planned, organized and negotiated the largest single portfolio of office properties and hotels (Patriot American Investors) in the history of the Resolution Trust Corporation (“RTC”) and Federal Deposit Insurance Corporation (“FDIC”). Thereafter the office buildings became known as Mack-Cali Real Estate Investment Trust. The hotels became known as Wyndham Hotels and Resorts.
 HOTELS (Non-Wyndham)
  • Acquired and operated four full-service hotels containing six hundred seventy-six (676) keys in the United States and England.
CONSTRUCTION
  • Owned and operated two nation-wide construction companies:  Titan Group, Ltd and Sovereign Construction Co. Ltd.
  • Historical projects include:
    1. Cleveland Hopkins Airport, Cleveland, Ohio,
    2. United States Gold Depository, Fort Knox, Kentucky,
    3. United States Military Academy, West Point, New York
    4. New York’s Roosevelt Island Development and Housing, New York, New York.
 COMMUNITY AND COMMERCIAL INFRASTRUCTURE DEVELOPMENT
  • Acquired and developed “Harris Branch”, an eighteen hundred (1,800) acre mixed use, Planned Unit Development (PUD) in Austin, Texas, including separate water and sewer facilities, all streets and roads, community lighting and electricity, as well as area planning and engineering for homes, offices, retail and light industrial facilities.
  • Acquired and developed “Gardens of the Nativity”, Bethlehem, Palestinian (annexed into Jerusalem, Israel), in partnership with the Episcopal Church of Jerusalem. Coordinated the infrastructure, architecture, engineering and construction as well as financing, including the world-wide sponsorship through a non-profit foundation, Geneva, Switzerland.
  • Negotiated for acquisition and development of a European Union Free Trade Zone, containing two hundred fifty-eight (285) acres immediately available for development and located near the junction of the Danube River and Black Sea, with direct water and duel rail access through eight European Union countries to Northern Germany, as well as the Middle East and Asia and separately, to Russia and East.
  SINGLE FAMILY HOUSES
  • Acquired, rehabilitated, (with multi-stakeholder participation) and successfully resold 608 Single Family Houses located in eight (8) states.