About APF Properties
A Success Story
From a humble beginning in 1995, founded with just $750,000 in capital, APF Properties has assembled a portfolio of boutique office buildings in "A" locations in Manhattan and has invested in Class "A" office buildings in Philadelphia, New Jersey and Houston, building a strong track record.
The firm completed its first retail development in 2014 in Philadelphia and has since built an impressive portfolio of retail assets that has added generously to the returns throughout the years.
Looking forward, APF Properties is redeveloping a pre-war Hudson Square property into a Class A boutique office building at 60 Charlton.
Through its efforts in office, retail and development, the firm now owns an office portfolio valued above $1,400,000,000.
Uniquely positioned
APF Properties is a highly specialized real estate investment firm that has developed unique expertise in delivering value to mid-sized and small tenants. APF focuses on working with the brokerage community to service this underserved market segment and has established an enviable track record delivering superior returns to its investors.
Founders and organization
The managing partners together bring over 40 years of experience in the New York real estate business. Additionally they have compiled a strong corporate team to help the APF business deliver.
KENNETH ASCHENDORF
Experience before APF Properties
Artic Electric, NYC Electrical Construction firm serving major office landlords
Expertise
Finance, Development, Asset Management
Education
BS Business & Public Administration, NYU
BS Electrical Engineering, NYIT
BERNDT PERL
Experience before APF Properties
Greenwich Associates strategy consulting firm for financial services – Partner
Expertise
Finance, Accounting, Strategy
Education
BS Accounting, Duke University
MBA, Harvard University
Philosophy
APF Properties employs a disciplined five-step acquisition model. The firm's principals always co-invest at least 10% of capital to assure goal congruence with their investor base. APF Properties believes in long-term, active management with conservative debt leverage.