Managing Partner
CurrentDrake Real Estate Partners (“DREP”) is a real estate investment and asset management firm based in New York, NY. DREP partners with local operators and developers in all property types and US markets to invest in high quality, income-producing real estate assets at a discount to replacement cost, and drives value by focusing on repositioning, leasing, and operations.Since 2013, DREP has closed on 76 deals across a variety of asset classes, including multifamily, industrial, office, limited service / extended stay hotels, and self storage.As Managing Partner, David is responsible for leading the firm's investment activities, including sourcing opportunities, structuring and negotiating agreements with local partners, underwriting, due diligence, and asset management. DREP recently raised DREP Fund IV, a $400 million value-add fund that is focused on opportunities that require between $5-40 million of equity, and on which it believes it can achieve IRRs of greater than 20%.