Strategy
Arena is actively seeking investment opportunities
in prime hudson valley markets across these two verticals
Affordable Housing
10-200+ units
Value-add opportunities
Engage with local affordable
housing nonprofit partners
housing nonprofit partners
Accept Section 8 tenants in order to
combat affordable housing crisis
combat affordable housing crisis
Develop underutilized or abandoned
properties to infuse housing
into local communities
properties to infuse housing
into local communities
Main Street
Highly desirable downtown locations
Residential, mixed-use, or
retail use considered
retail use considered
Utilize mark-to-market strategy
towards rents
towards rents
Provide diverse offerings to tenants of
different socio-economic backgrounds
different socio-economic backgrounds
Bolster main street presence with
exterior improvements
exterior improvements
Case Studies
99 Partition, Saugerties
- Iconic mixed-use property in the heart of Downtown Saugerties
- Purchased from long-time seller with global rent roll significantly below market
- Residential rents exceeding UW upon turnover
- Stabilized rent roll achieved in 6 months
Strategy
Main Street
Hold Period
10 years
Cash Yield
8%
Resi Units
15
Retail Units
2
Proj. Gross IRR
27.6%
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256 Washington, Kingston
- Multi-family redevelopment in one of Kingston’s best “live-work-play” locations
- Purchased from distressed seller at below-market basis
- Strategic relationship enabled to pre-lease entire complex to local affordable housing nonprofit
- Est. delivery Q3 2025
Strategy
Affordable
Hold Period
10 years
Resi Units
57
Proj UYOC
11%
Proj. Gross IRR
36%
Proj. Gross EM
3.96x
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