Value-Add & Opportunistic Real Estate · Primarily New Jersey & Florida

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, in value creation across real estate. Our primary markets are Northern New Jersey and South Florida, with selective opportunities elsewhere where we have relationships or see a compelling opportunity.

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 and opportunistic real estate — with a primary focus on Northern New Jersey and South Florida, and selective opportunities elsewhere in the Southeast and other markets where we have relationships or a compelling opportunity — 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
Typical Minimum Deal Size
$50M
Typical Maximum Deal Size
NJ + FL
Primary Geographies
100+
Years Combined Experience
Investment Criteria

What we look for.

We are an opportunistic, value-focused investor — not tied to a single asset class or a rigid deal size. We move quickly on well-priced opportunities that fit our thesis. Proof of funds available on request.

Geography
Primarily NJ & FL
Northern New Jersey and South Florida are our primary markets, with deep local relationships and market knowledge. We will selectively pursue compelling opportunities elsewhere in the Southeast and other markets where we have relationships or see a clear value-creation angle.
Investment Size
$3M – $50M+
A typical range for total capitalization, including acquisition and repositioning or development costs, with a core focus on $5M–$25M opportunities. We remain open to smaller or larger opportunities that are otherwise compelling. Equity-backed, with no financing contingencies.
Strategy
Value Creation & Development
Repositioning, redevelopment, ground-up development, adaptive reuse, and select operating real estate. Our focus is on creating value rather than acquiring passively stabilized assets, though we won't rule out an attractive opportunity purely because it doesn't fit a narrow thesis.
Asset Types
Broad & Opportunistic
Multifamily / residential, retail / mixed-use, commercial / industrial, and select special situations or operating real estate. See Asset Classes below for more detail.
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.

A broad, opportunistic mandate across core asset classes, unified by a focus on value creation — through redevelopment, development, repositioning, or hands-on operational improvement — rather than a narrow, single-thesis approach.

🏢
Multifamily & Residential
Value-add multifamily repositioning and ground-up residential development, with a preference for transit-adjacent and infill locations. We evaluate zoning, entitlement, and density opportunities — including overlay and inclusionary frameworks where applicable — on a deal-by-deal basis.
Value-Add Ground-Up Infill & TOD
🏪
Retail & Mixed-Use
Transitional retail and mixed-use assets where the underlying real estate is mispriced relative to its redevelopment or repositioning potential. We focus on well-located parcels where we can add density, improve tenancy, or convert to higher-value uses over time.
Redevelopment Repositioning Alternative Use
🏭
Commercial & Industrial
Small-bay industrial, flex, and commercial assets — including medical office and other credit-tenant commercial real estate — where targeted repositioning, tenant upgrades, or improved management can create value and durable, long-term cash flow.
Value-Add Flex / Industrial Credit Tenants
🏗️
Development, Redevelopment & Special Situations
Ground-up development and complex redevelopment across asset classes, along with select operating real estate and experiential concepts where our team can add value through hands-on management or repositioning. We evaluate each opportunity on its own merits alongside traditional real estate fundamentals.
Ground-Up Redevelopment Operating Real Estate
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 local regulatory and entitlement processes across our markets.
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 team.

Three principals from two families, with complementary backgrounds across acquisitions, institutional finance, and development — backed by dedicated construction leadership on the ground. 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
  • 40-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 experience structuring development financing and capital stacks across public and private projects
  • 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
  • Deep expertise in entitlements, construction management, and project execution
  • Track record of ground-up and redevelopment projects across the Northeast, including public-private partnerships
  • MBA in Finance, American University
JB
John Brucker
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 primarily across Northern New Jersey and South Florida, with selective interest in other markets where we have relationships or see a compelling opportunity. If you represent an owner or have an off-market opportunity, we welcome direct outreach. We respond to every submission that fits our criteria.
  • Primarily Northern New Jersey and South Florida; selectively beyond
  • $3M – $50M+ total capitalization (typical range); core focus $5M–$25M
  • Multifamily/residential, retail, commercial/industrial, and special situations
  • Value creation through redevelopment, repositioning, and ground-up development
  • Proof of funds available upon request
Submit an Opportunity