Media

Two Kings Launches Empire Holdings: NYC-Focused Investment Vehicle

Two Kings announces the launch of Empire Holdings, its vehicle for investing in the superior long-term potential of real estate in the New York City area.

  • Empire Holdings targets high-quality properties in New York City area with opportunities to increase cash flow and value over time
  • Empire Holdings benefits from a seed portfolio of existing apartment and mixed-use buildings, allowing for greater efficiency with acquisitions and operations
  • The structure provides for tax-efficient distributions and is positioned to benefit from the recent US tax reform
  • Longer holding periods allows for optimization of total portfolio return by maximizing value extracted from assets and re-deploying sale proceeds via tax-deferred exchanges

Empire Holdings aims to produce consistent dividends while maximizing the overall return of the portfolio by increasing cash flow, capturing appreciation and compounding gains through tax-deferred exchanges of sale proceeds. 

Two Kings created the holding company in response to the principals’ desire for regular distributions from a stable of high-quality assets with strong growth prospects. The holding company was launched with a portfolio of existing properties generating current income and with significant future upside. Two Kings is actively seeking new acquisitions to expand the portfolio.

The holding company structure benefits from recent changes to the US tax code, including additional deductions on pass-thru income and capital investment. Two Kings believes this is consistent with policy goals of encouraging reinvestment into local communities.

As with every investment, Two Kings maintains a rigorous approach to acquisitions by seeking properties with multiple triggers for creating value and above-average appreciation. This approach is underscored by a willingness to exhibit patience with assets that still have untapped potential.

Parties with suitable acquisition opportunities are encouraged to contact Two Kings at info@twokingsrealestate.com.

Two Kings Leads Real Estate & Blockchain Event

Two Kings is the organizer of the Real Estate & Blockchain Meetup group. Two Kings recently held the first meeting of its kind in New York City and will continue to organize events from time to time as the technology and industry develops.

We believe blockchain and cryptocurrencies will be transformative for real estate and real estate processes. We look forward to facilitating cutting edge discussions and development of these changes.

For more information, please contact us at info@twokingsrealestate.com.

Two Kings Acquires Manhattan Development Site

Two Kings Company announces the closing of its purchase of 148-150 Attorney Street, a development site that once played an integral part of Manhattan’s historic and trendy Lower East Side.

The company will build an exclusive 6-story residential condo building to capture demand for apartments in one of New York City’s most popular neighborhoods. New developments and attractions such as Essex Crossing and the Lowline add to the ongoing transformation of an area largely known for its vibrant nightlife and music scene.

The property was originally part of the 300-plus acre DeLancey Estate in the 1700s. Most recently the site was home to the legendary Sin-é night club, a landmark music venue that served as a gateway for a number of celebrity artists early in their careers.

Construction of the project is expected to begin this year and be completed in 2018.

Two Kings continues to actively seek opportunistic acquisitions, including development sites with approved plans and bulk purchases of condo units. For more information, please contact us at info@twokingsrealestate.com.

With ‘Sin-é’ Building on Attorney Street Gone, New Condos Ready to Rise

Two Kings Sells Class A Office Building in New Jersey

Two Kings closed on the sale of 220 Davidson Avenue, a 160,000 sq ft office building in Somerset, New Jersey.

The company undertook strategic leasing initiatives to dramatically increase occupancy and net operating income despite declining office demand in the broader NJ market. The Class A building included a full-service café and a fitness center with a range of amenities.

http://www.thenewsfunnel.com/press-release/hff-closes-sale-220-davidson-avenue-somerset-new-jersey

For more information, please contact us at info@twokingsrealestate.com