Aria Development Group is an award-winning real estate company in the forefront of reimagining city center living, currently developing more than 4,000 apartments in great neighborhoods across the United States.
Aria was founded in 2009 by Joshua Benaim with partners David Arditi and Timothy Gordon to generate outsized risk-adjusted returns for investors by integrating traditional hands-on real estate with classic value investment principles.
Aria’s development portfolio comprises more than $2 billion of institutional grade multifamily assets across the United States, ranging from adaptive reuse and repositioning to special situations to ground-up construction of our neighbors.
Aria aims to transform illiquid and underutilized real estate in great locations into the next generation of multifamily residential. Our current projects include investments and developments in New York, Miami, Washington, DC, Northern Virginia, Nashville, Kansas City and Charlotte.
In a complex and distressed environment, Aria sees four
big investment opportunities.
Find value through complex situations
Acquire distressed notes at a discount
Seek control of underlying assets with
multifamily potential
Convert underperforming commercial properties into next-gen multifamily
Niche strategy requires a specialized sponsor with a proven track record
Experience with tax incentives and public incentives to lower basis
Create value through assemblage , lease up and monetization/recap
Compact units combined with thoughtful design and amenities
Focus on urban infill locations with high demand and barriers to entry
Illiquidity and core fund redemptions create value arbitrage opportunities
Repositioning assets with an eye toward maximum impact
Benefit from market recovery while completing unfinished business plans
Special
Situations
Surfside
Adaptive
Reuse
The Bond
Creative
Development
321 Ocean
The Clifton
Multifamily
“With a Story”
78 Bank Street
Vista 12
Our values of honor, integrity and innovation guide
everything we do.
Value Investment Approach
We target under utilized or mispriced assets in prime locations.
Market
Focus
We are highly focused on markets where Aria has a long operating history.
Emphasis on
Location
We target underutilized or mispriced assets in prime locations.
Complexity
We navigate intricate situations to unlock value without additional risk
Downside
Protection
We structure transactions to mitigate risk.
Development
Vision
Once we have secured a site, we immerse ourselves in creating a project tailored to the particular market and tirelessly work to realize the development’s full potential.
Close Alignment of Interests
Aria and its affiliates invest significant capital in each transaction. Our firm places the highest value on integrity and transparency.