The Kaufman Organization made a strategic decision seven years ago to stay on the sidelines as pricing for New York City commercial real estate ratcheted up to irrational levels. Coming out of the Great Recession, the company believed that the time was right to reverse that strategy and take advantage of depressed conditions to grow the firm’s portfolio aggressively. Having established a solid reputation for identifying and executing on repositioning strategies, and meeting or exceeding our goals for economic performance in each instance, Kaufman New Ventures is continuing to seek out similar opportunities for itself and its partners going forward. While pricing has again started to rise, and in some case to unsupportable levels, the company still believes there are abundant opportunities in the New York marketplace to implement is value-enhancement strategies through a set of clearly defined acquisition criteria. Every buying opportunity will be evaluated strategically by Fredric J. Leffel, president of Kaufman New Ventures, and his team.