KEY Real Estate Holdings announced a new equity partner in EMC Acquisitions, led by CEO Edgar Costa.
Costa, an entrepreneur and private equity investor, also holds the CEO position for ECOJETS, a provider of private aviation services in North America.
The alliance brings a partnership on several New York based real estate developments, including The Time Nyack, a 133-room luxury boutique lifestyle hotel in the Hudson Valley.
KEY Real Estate Holdings and EMC Acquisitions have also partnered on the development of The Metropolitan Bronxville, a 35-unit luxury landmark property in Westchester curated by architect David Easton and set for completion in spring 2018.
“There is tremendous opportunity in the current environment for development of properties that are unique in design and hold the highest quality in terms of construction, materials, and technology,” noted Costa.
“There is a synergy between EMC Acquisitions and KEY Real Estate Holdings and I anticipate a strong partnership as we move forward with projects comprising these standards in excellence.”
Key Real Estate Holdings and EMC Acquisitions are actively analyzing the acquisition of more projects in 2018.