Northern New Jersey & South Florida · Value-Add Real Estate

We invest where others overlook.

Built on heritage. Driven by vision.

Foundridge Capital brings together families with decades of experience in development, acquisitions, and institutional finance — investing as principals, with discretionary family capital, across Northern New Jersey and South Florida.

Our Investment Criteria Work With Us
About the Firm

Principal-led.
Family-backed.
Built to endure.

Foundridge Capital is the coming together of families who have spent decades building and investing in real estate. Separate track records — in development, acquisitions, and institutional finance — now operate as a single principal-led group, backed by discretionary family capital and built to endure across generations. We acquire, reposition, and develop value-add opportunities across Northern New Jersey and South Florida, with the speed and certainty of a group that controls its own equity and makes every decision in-house.

Families & Continuity
Two families with decades in development, acquisitions, and finance, now investing together — carrying forward relationships and judgment that cannot be built overnight, and building an institution meant to outlast any single cycle.
Discretionary Capital
We control our own equity. No committee approvals, no third-party fund constraints — decisions are made by the principals, quickly and directly.
Off-Market Focus
We source directly, build broker relationships, and target overlooked assets where discretionary capital creates a structural advantage over institutional buyers.
Integrated Team
Acquisitions, underwriting, entitlements, and development execution are handled by the principals themselves — no outsourced deal teams.
$3M
Minimum Deal Size
$50M
Maximum Deal Size
NNJ + SFL
Primary Geographies
65+
Years Combined Experience
Investment Criteria

What we look for.

We move quickly on well-priced assets that fit our thesis. Proof of funds available on request.

Geography
Northern NJ & South Florida
Northern NJ: Union, Middlesex, Essex, Hudson, and Bergen counties, with preference for transit-oriented and infill locations. Florida: Miami-Dade and Broward counties, the Treasure Coast (Martin and St. Lucie counties), and the Fort Myers / Lee County area, targeting value-add and development opportunities across each submarket.
Investment Size
$3M – $50M
Total capitalization including acquisition and repositioning or development costs. Core focus on $5M–$25M opportunities; selectively up to $50M for larger development plays. Equity-backed with no financing contingencies.
Strategy
Value-Add & Development
Repositioning, redevelopment, ground-up development, and adaptive reuse. We are not buyers of stabilized yield.
Asset Types
Diversified
Multifamily, industrial / flex, medical office, and retail. See Asset Classes below for detail on each thesis.
Capital Structure
Discretionary Equity
Family-backed equity with proof of funds on request. No financing contingencies. Can close on seller's timeline.
Execution Edge
Principal-Led Decisions
Direct off-market deal sourcing, in-house underwriting, and principal-level engagement from first call through closing.
Asset Classes

Where we invest.

Four targeted theses across Northern New Jersey and South Florida, each grounded in a specific market dislocation or regulatory tailwind.

🏢
Multifamily & Mixed-Use
We target value-add multifamily repositioning and ground-up development, with a particular focus on overlay-zone redevelopment sites enabled by New Jersey's P.L. 2024 c.2 inclusionary zoning legislation. Transit-adjacent locations in Union and Middlesex counties are a priority, where the new overlay framework unlocks density on underutilized commercial parcels.
Value-Add Ground-Up TOD Sites Overlay Zoning
🏥
Medical Office
Suburban medical office and healthcare-adjacent real estate, where aging facilities, health system consolidation, and tenant credit quality create acquisition opportunities. We look for assets where targeted repositioning — upgraded HVAC, accessibility, and clinical buildout — can attract or retain hospital-affiliated tenants and capture durable, long-term NNN leases.
Value-Add NNN Leases Health System Tenants
🏪
Retail & Mixed-Use Redevelopment
Transitional retail assets where the underlying real estate is mispriced relative to its redevelopment or repositioning potential. We focus on single-tenant and small-format retail on well-located parcels — particularly sites with overlay zoning or alternative-use optionality — where we can add density, improve tenancy, or convert to higher-value uses over time.
Redevelopment Repositioning Alternative Use
🏓
Recreation & Experiential
Ground-up development of indoor racquet-sports and multi-use athletic facilities — pickleball, indoor turf, and adjacent formats — where population growth has outpaced court and field supply. We are underwriting sites across New Jersey and the Southeast, evaluating membership and league-driven revenue models alongside traditional real estate fundamentals.
Ground-Up Pickleball Indoor Athletics Emerging Thesis
Our Process

How we execute.

From sourcing to close, every step is handled by the principals. No black boxes, no delays.

01
Sourcing
Direct broker relationships, off-market outreach, and MOD-IV parcel-level targeting. We do not rely on listed deal flow.
02
Underwriting
In-house financial modeling, market analysis, and scenario planning. We underwrite conservatively and stress-test every assumption.
03
Due Diligence
Physical inspection, title review, environmental assessment, and entitlement analysis — managed directly by the principals.
04
Execution
Repositioning, entitlement, and development managed by experienced operators. We have the relationships to move efficiently through NJ's regulatory environment.
05
Value Creation
Lease-up, stabilization, or sale at target return — with a disciplined hold strategy tied to market conditions and basis, not an arbitrary timeline.
The Team

The principals.

Three principals from two families, with complementary backgrounds across acquisitions, institutional finance, and development. The experience compounds across generations — investing as partners, with discretionary capital and full in-house execution.

Jordan Berkowitz
Jordan Berkowitz
Principal — Acquisitions & Underwriting
  • Leads deal sourcing, underwriting, and financial modeling for the group
  • Finance experience at Bank of America and Point72 Asset Management
  • Commercial real estate acquisitions at SL Green Realty Corp. (New York) and Garden Homes
  • MBA, Yale School of Management
DB
David Berkowitz
Principal — Development
  • 35-year career spanning institutional, public, and private real estate development and advisory
  • Extensive track record managing every phase of development — large-scale residential and mixed-use — for public and private interests
  • Deep expertise in entitlements, construction management, and project execution
  • MBA, Columbia University
IM
Ian Mount
Principal — Development
  • Managing Partner of Mount Companies, overseeing real estate development, construction, and asset management
  • 25+ year career spanning real estate finance and development, including senior roles at Nassau Capital Advisors, LLC and the Hekemian Kasparian Troast Group
  • Track record of ground-up and redevelopment projects across the Northeast, including public-private partnerships
  • MBA in Finance, American University
Stewardship Across Generations

The strongest firms are not built transaction by transaction. They are built generation by generation.

Some firms are created to capitalize on a single market cycle. Foundridge Capital is built to outlast them — the continuation of families who have spent decades creating value in real estate, now investing as principals to one standard: steward capital wisely, improve what we touch, and leave more than we found.

01
Relationships outlast transactions.
02
We invest with patience, not urgency.
03
We improve what we acquire.
04
We honor the trust placed in us by partners and communities.
05
We measure success not only by returns, but by what we leave behind.

Built on heritage. Driven by vision.

Contact

Let's talk.

We engage directly with owners, brokers, and intermediaries. If you have an asset that fits our criteria — or think it might — reach out. We respond quickly.

Principal
Jordan Berkowitz
Office
1501 Yamato Rd, Suite 200
Boca Raton, FL 33431
Broker & Seller Submissions
We are active buyers across Northern New Jersey and South Florida. If you represent an owner or have an off-market opportunity, we welcome direct outreach. We respond to every submission that fits our criteria.
  • Northern New Jersey and South Florida
  • $3M – $50M total capitalization; core focus $5M–$25M
  • Multifamily, industrial / flex, medical office, retail
  • Value-add, redevelopment, and ground-up development
  • Proof of funds available upon request
Submit an Opportunity