Today we’d like to introduce you to Donny Cohen.
Donny, please share your story with us. How did you get to where you are today?
Following the downturn in the real estate market in 2009, I relocated with my wife and then three children from New Jersey to Boca Raton in August 2010 with a vision for my own firm based in South Florida. I waited for the market to stabilize and opened our doors in April 2011. We began with our bridge lending division, PrivCap Funding, and then began buying multifamily properties under our PrivCap Holdings division. In 2014, we formed PrivCap Development and all three divisions are very active today. We have multiple development projects in the works here in South Florida and own and operate apartment communities nationwide.
We’re always bombarded by how great it is to pursue your passion, etc – but we’ve spoken with enough people to know that it’s not always easy. Overall, would you say things have been easy for you?
I don’t think any owner of a growing business can tell you that their ride has always been a smooth one. Every business has its obstacles and bumps on the road but you are ultimately defined by how you overcome those obstacles and navigate around those bumps. We have had our fair share of bad partners, poor operators/managers and deals that have underperformed. The recent hurricanes have impacted some of our properties especially our Hard Rock project in San Juan, Puerto Rico. Thankfully, our global portfolio is performing well and we are very proud of the company we have built, the portfolio we have assembled and our current partners and employees who work tirelessly on behalf of our investors.
So, as you know, we’re impressed with PrivCap – tell our readers more, for example what you’re most proud of as a company and what sets you apart from others.
PrivCap Companies is a boutique real estate investment firm catering to high net worth individuals and family offices. Our diverse real estate portfolio and opportunities afford investors access to multiple models and strategies ranging from short-term bridge loans to value-add multifamily projects to multiyear development projects. One of our core values is that we always strive to return 100% of invested capital in a particular deal within a 36-month timeframe and we accomplish that by focusing on value-add opportunities.
Whether we are acquiring a distressed and mismanaged apartment complex to a piece of dirt, we formulate a strategy to add significant value and execute accordingly.
Furthermore, we strive to build a personal relationship with everyone we do business with. From investors to borrowers to brokers and vendors to employees, we believe that the more we know the people we are working with the better we can serve them and the better they will serve us and our investors. We are constantly focused on continuously enhancing the PrivCap investor experience and we will always strive to do more and continuously exceed expectations.
So, what’s next? Any big plans?
Markets are cyclical and my job as CEO of PrivCap is to always been 6 months ahead of market changes. We are heavily focused on single-tenant retail development and expanding our bridge lending business. We are working with a number of larger financial institutions to partner with us in our continued growth.
Contact Info:
- Address: PrivCap Companies
7200 W Camino Real
Suite 200
Boca Raton, FL 33433 - Website: www.PrivCapCompanies.com
- Phone: 561-952-2501
- Email: Donny@PrivCapCompanies.com
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