New York real estate veteran Daniel Tropp has launched his own firm focused exclusively on the industrial market.
AEBOV Industrial Real Estate Brokerage has created its own interactive property valuation method that offers investors a new approach to property valuations and an institutional level of service.
“We sensed that owners wanted a more collaborative valuation process, that allows them to bring new information to light, ask thoughtful questions, and change assumptions in our models in order to gain the most comprehensive understanding of their property’s value and potential value,” said Tropp, the president and founder of AEBOV.
An Ariel Property Partners alumnus, Tropp spent seven years at Shimon Shkury’s shop where he worked on over $275 million in industrial, multifamily, mixed-use and development deals.
After a brief stint with Avision Young, he set about forming AEBOV just as the coronavirus pandemic hit seeing opportunity in an industrial real estate market that has proven to be immune to the virus.
In the tri-state market in particular, the distribution and warehousing sector is being driven by fierce demand by ecommerce and other businesses looking to be close to central markets. Both pricing and leasing volume are being impacted by a shortage of available space, according to Tropp.
“The industrial market has been transformed from obscure to the strongest asset class,” said Tropp. “We formed AEBOV to bring an institutional-level standard of services and real-time valuation platform to owners and investors looking to navigate a dynamic market.”