Sagamore Hill Partners, a new real estate investment firm, is anticipating a busy start to 2020, what with all the disruptions that have been roiling the retail industry. Principals of the business — Ripco Real Estate LLC partners Peter Ripka, Todd Cooper, Gene Spiegelman and Mark Kaplan — formed Sagamore with Alex Janoff, a partner and the chief investment officer, who was a vice president at Prospect Ridge, and its predecessor, the real estate investment team at AllianceBernstein. Prior to that, Janoff was a director on the acquisitions team at Acadia Realty Trust.
Leveraging Janoff’s investment expertise with Ripco’s deep real estate relationships — the firm is metro-New York’s largest independent retail leasing and management company — Sagamore Hill aims to uncover possibilities that aren’t always immediately obvious.
“There’s an opportunity, now that this retail transformation has occurred,” said Mark Kaplan, partner and chief operating officer. “Retail will be transforming for some time, but the massive transition has occurred. What we’re seeing now is a bottoming out.
“We’ve had institutions such as life insurance companies and well-established developers ask us to invest. They say, ‘Will you put money in the deal?’ They want us to put skin in the game and money behind
Leveraging Janoff’s investment expertise with Ripco’s deep real estate relationships — the firm is metro-New York’s largest independent retail leasing and management company — Sagamore Hill aims to uncover possibilities that aren’t always immediately obvious.
“There’s an opportunity, now that this retail transformation has occurred,” said Mark Kaplan, partner and chief operating officer. “Retail will be transforming for some time, but the massive transition has occurred. What we’re seeing now is a bottoming out.
“We’ve had institutions such as life insurance companies and well-established developers ask us to invest. They say, ‘Will you put money in the deal?’ They want us to put skin in the game and money behind