History

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History

Stonehenge, founded by Ofer Yardeni, is a vertically integrated, private real estate company with expertise in investment management, property management, development, design, construction, leasing and financing. Stonehenge’s core growth strategy is focused on New York City real estate opportunities.

Stonehenge was initially formed in the early 1990’s to take advantage of the distressed New York City real estate market. The Company began investing with a division of the Caisse de dépôt et placement du Québec in 1995. Over the last 20 years, Stonehenge has continued to invest with the real estate group of the Caisse, now Ivanhoé Cambridge, along with establishing partnerships with other institutions and investors including Public Sector Pension Investment Board, SL Green Realty and Invesco Real Estate. In addition, Stonehenge has attracted high net worth individuals, both locally and from abroad, to invest in a number of Stonehenge investments.

Stonehenge has successfully re-positioned and managed properties in Manhattan to yield significant returns to its investors. The Company's management team is particularly noted for its ability to identify, acquire, finance and manage properties with potential for accelerated turnaround and value creation.

Through its intensive Property Management, the Company has been able to increase property values and realize significant financial returns on its equity investments. As of December 31, 2014, Stonehenge, together with its investment partners, owned a portfolio of properties valued at approximately $3.1 billion (based on values performed by independent third party appraisers) comprised of 25 income-producing properties with 3,056 apartment units representing over 3.5 million square feet of prime residential space.

Headquartered in midtown Manhattan at 888 7th Avenue, Stonehenge is supported by a team that currently consists of over 220 employees with diverse experience in asset management, property management, construction, leasing, marketing, development, acquisitions, finance, I.T., and accounting.