Best of 2019 - Best Redevelopment/Adaptive Reuse Specialist - Prism Capital Partners

Prism Capital Partners is one of New Jersey’s most active and respected developers focusing on the adaptive re-use and repurposing of excess corporate facilities and turn-of-the-century industrial buildings. Current high-profile projects include ON3 (Nutley/Clifton, NJ), Wonder Lofts (Hoboken, NJ) and 10 Green at Woodbridge Station (Woodbridge, NJ). Prism’s principal partners view their role in the positive light of working to help municipalities reestablish themselves and their local economies by revitalizing dormant and underutilized sites. Not many people understand the enormous financial risk a firm like Prism undertakes when it purchases vacant, negative cash-flow properties. In addition to the monthly carry costs, there is a significant amount of capital investment that is necessary to turn vacant excess corporate real estate into stabilized income-producing assets. READ MORE

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