Crossgate Partners is well known in the real estate investment and development industry for identifying and executing profitable opportunities in all real estate markets. Our diverse portfolio has evolved and expanded over time.
Founded in the early 2000s, Crossgate Partners, LLC, was formed with the intention of developing a strong and solid real estate portfolio for its partners. Initially an equity partner in a variety of deals and projects, Crossgate built not only financial strength but also a reputation for superb decision-making.
As its equity partnerships continued, Crossgate began acquiring property to own and manage independently. Of early note were Crossgate’s acquisitions of retail centers throughout North Carolina, Georgia and Florida. Crossgate honed its value-add strategy as it filled these vacant retail centers with new leases and raised property values.
In the midst of the success in the retail sector, Crossgate Partners acquired Northmeadow Offices, a property that would lead to our firm’s first triumph in independent repositioning. Located across from the area’s regional hospital, Crossgate recognized that the asset provided the ideal opportunity to transition from general offices to a medical office building. Our team then partnered with two well-known medical groups to transform the underperforming office space into a thriving medical office center. After stabilizing the property, the re-branded Northmeadow Medical Center was sold to an institutional buyer with a significant return on investment.
Crossgate Partners then expanded into the development of multifamily residential properties. Of note are recent projects Infinity Longboat Key, Océane Siesta Key, Town Park Lofts in Kingsport, and Woodside Mill in Greenville, which is about to begin construction.
These investment and management successes position Crossgate Partners to continue to pursue projects across market sectors nationwide, including luxury residential, multifamily and student housing properties, in addition to further investment in office and retail properties.