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Sack Properties launches next phase of growth under new leadership
San Francisco-based Sack Properties is planning to launch its next phase of growth under a new flag, Sack Capital Partners (SCP), which will be wholly owned by Jeff Smith, president, and David Feinberg, CIO.
SCP is a vertically integrated, privately held real estate company that focuses on the acquisition, improvement, management, and disposition of a broad range of multifamily properties in the Western United States. SCP specializes in class B multifamily properties in prime infill locations that could benefit from capital investment and improved management. With around $1 billion in assets under management, the firm’s current portfolio includes approximately 3,000 apartment units in primary Western U.S. submarkets.
“Jeff and David have proven to be strategic partners in growing the company over the many years they have been with Sack Properties, and I’m thrilled to pass the torch to them to elevate the firm to new heights as Sack Capital Partners,” said Kirby