Publications

- December 1, 2020: Vol. 32, Number 11

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Right now: The time to invest in New York City

by Nicholas Bienstock

As the COVID crisis continues, I believe we are entering a period that may provide some of the most compelling opportunities in decades to invest in the City of New York.

Savanna is a firm that specializes in investing in, owning and operating real estate in New York City. Our current portfolio comprises about 7 million square feet of space in the city. Over the past 30 years, some of the most profitable investments in New York have been made at the worst of times. Over the summer, we closed two new office building investments in midtown Manhattan, and we continue to seek out new opportunities.

New York City has been through and has been at the heart of multiple shocks over the past 30 years — and it has come back every time. We lived through the explosion of the dot-com bubble in 2000 and were attacked directly by terrorists in 2001. We were at the heart of the global financial crisis in 2008–2009, and Manhattan’s Financial District was under four feet of water

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