CONSERVATIVE APPROACH | EXTRAORDINARY RESULTS

ABOUT US

NDG Capital Partners, LLC (“NDGCP”) acquires “value add” student housing and multifamily assets. Our investment focus is on well-located properties in stable markets where we enhance value through improved management, redevelopment and/or repositioning.

Our firm’s primary objective is to deliver superior returns to our investors and principals while maintaining a conservative approach to underwriting. The principals of NDGCP have been involved in well over $1 billion in transactions, and have a long and successful track record in the development, acquisition, financing, property management and asset management of numerous real estate asset types.

EXPERIENCE

NDGCP enjoys a collaborative relationship with its associated entities, Newman Development Group (“NDG”) and NDG Student Living. Since its establishment in 1986, the NDG portfolio of premium properties has exceeded $1 billion in various markets across the United States. NDG has acquired or developed several million square feet of retail, student housing, multifamily, office, industrial and mixed-use space.

NDG Student Living is the property management subsidiary of NDG. The NDG Student Living team consists of industry professionals with significant management experience who utilize the most advanced industry software programs. The Student Living group consistently increases NOI while reducing annual operating expenses.

This affiliation allows NDGCP to benefit from a broad, integrated team of real estate professionals with extensive and diverse backgrounds, covering development/repositioning, construction, financing, and asset and property management, which provides for both an efficient and dependable acquisitions and ownership platform.

TEAM

DAVID NEWMAN

Philadelphia, PA

David has led the Mid‐Atlantic office for NDG, since 1998. His development team has entitled and developed numerous “big box” anchored retail projects in Pennsylvania and New Jersey valued in excess of several hundred million dollars. He has also been involved…

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David has led the Mid‐Atlantic office for NDG, since 1998. His development team has entitled and developed numerous “big box” anchored retail projects in Pennsylvania and New Jersey valued in excess of several hundred million dollars. He has also been involved in the development and acquisition of many student housing and multifamily projects. Prior to joining NDG, David founded, grew and ultimately sold United Structures, Inc. (“USI”), a telecommunications infrastructure provider to the wireless industry. David has a BS from Ithaca College and a JD from Hofstra University School of Law. He is a member of the New York State Bar Association.

ANDREA AKEL

Washington, DC

Andrea has over 14 years of financial analysis experience with companies such as Salomon Smith Barney and UBS Warburg. Eight of those years were spent at NorthMarq Capital’s Washington, DC office, as Vice President/Senior Real Estate Associate. Andrea was responsible for…

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Andrea has over 14 years of financial analysis experience with companies such as Salomon Smith Barney and UBS Warburg. Eight of those years were spent at NorthMarq Capital’s Washington, DC office, as Vice President/Senior Real Estate Associate. Andrea was responsible for underwriting real estate investments valued at over $2.5 billion dollars, and investor/client interaction for equity and highly structured debt transactions. She also contributed to the production of over $7 million in fees and the closing of over $1 billion worth of real estate investments. Prior to joining NDGCP, Andrea co-founded a Washington, DC student housing and multifamily real estate investment firm where she underwrote real estate deals valued at over $750 million and participated in the due diligence, closing process and asset management of investments worth nearly $80 million. Andrea obtained her MBA from Cornell University and also holds an MA from Georgetown University and BA from New York University.

JEFF SMETANA

Vestal, NY

Jeff has been involved with the development and acquisition of over 5,300 beds of student housing valued in excess of $220 million, including $120 million in public-private deals financed with tax-exempt bonds…

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Jeff has been involved with the development and acquisition of over 5,300 beds of student housing valued in excess of $220 million, including $120 million in public-private deals financed with tax-exempt bonds. Overall, Jeff has 25-plus years of experience in real estate development, construction, property management, finance and accounting. His development experience also includes senior housing, residential and commercial projects worth over $500 million, which have involved a broad range of financing structures, including conventional, tax-exempt, tax credits and a variety of equity arrangements. Jeff is a certified public accountant and has a bachelor’s degree in economics and a master’s degree in accounting from the University at Albany.

JERRY WOJENSKI

Vestal, NY

Jerry is the Executive Vice President and COO at NDG Student Living™. In this capacity, he oversees the operations of our student housing communities, and is responsible for developing scalable operations platforms to support our…

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Jerry is the Executive Vice President and COO at NDG Student Living™. In this capacity, he oversees the operations of our student housing communities, and is responsible for developing scalable operations platforms to support our growing portfolio. With over 15 years of experience in student housing, Jerry works with management services in developing student-only live/learn communities. Prior to joining NDG, he held various progressive roles at EdR, ACC, and Campus Apartments. Jerry earned a BS in English and Information Sciences from the University of Illinois and a MBA from East Carolina University.

JEFFREY AKEL

San Francisco, CA

Jeff supports the West Coast development team activities of NDG, as well as many of its corporate finance and strategy projects. Jeff has over ten years of corporate and real estate finance experience. Prior to joining NDG…

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Jeff supports the West Coast development team activities of NDG, as well as many of its corporate finance and strategy projects. Jeff has over ten years of corporate and real estate finance experience. Prior to joining NDG, Jeff held various Finance and Business Development positions at Wal‐Mart Stores, Inc. and , most recently, was Director of International Mergers & Acquisitions where he led and managed the diligence process. Jeff is a Chartered Financial Analyst and holds a BS from Cornell University and MBA from Columbia University.

CONTACT

CORPORATE HEADQUARTERS

300 Plaza Drive
P.O. Box 678
Vestal, NY 13851-0678

607.770.0896

Attn: Jeff Smetana

607.584.0034
PHILADELPHIA

203 Progress Drive
Montgomeryville, PA 18936

Attn: David Newman

610.277.0300
WASHINGTON DC

4610 Reno Road, NW
Suite 100
Washington, DC 20008

Attn: Andrea Akel

607.770.0896 Ext. 2

SAN FRANCISCO

2255 Van Ness Avenue
Suite 102
San Francisco, CA 94109

Attn: Jeffrey Akel

415.923.0803