Value-Add & Opportunistic Real Estate · New Jersey · Florida · North Carolina

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, and we are actively acquiring neighborhood retail across North Carolina — with selective opportunities elsewhere where we have relationships or see a compelling opportunity.

Our Investment Criteria NC Retail Program 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, an active neighborhood-retail acquisition program in North Carolina, 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.
$500K
Typical Minimum Deal Size
$50M
Typical Maximum Deal Size
NJ · FL · NC
Active 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
NJ, FL & NC
Northern New Jersey and South Florida are our primary markets, with deep local relationships and market knowledge. In North Carolina, we are actively acquiring neighborhood retail across the Charlotte metro, the Research Triangle, and Wilmington / coastal NC. We will selectively pursue compelling opportunities elsewhere where we have relationships or see a clear value-creation angle.
Investment Size
$500K – $50M+
In New Jersey and Florida, $3M–$50M+ in total capitalization, including acquisition and repositioning or development costs, with a core focus on $5M–$25M. Our North Carolina retail program targets $500K–$3M acquisitions. We remain open to opportunities outside these ranges 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. In North Carolina, we also acquire neighborhood retail with durable in-place cash flow and identifiable upside.
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.
North Carolina Retail Program

Neighborhood retail,
across North Carolina.

Income-producing retail. Identifiable upside. Disciplined capital. We are actively acquiring neighborhood and multi-tenant retail in three North Carolina markets, targeting properties where active leasing, thoughtful improvements, and disciplined execution can enhance long-term value.

Acquisition Size
$500K – $3M
Property Focus
Neighborhood Retail
Occupancy
Stabilized + Value-Add
Charlotte Metro · NC & SC
Charlotte
Established and growing suburban retail corridors throughout the Charlotte metropolitan area and surrounding communities.
Mecklenburg Union Cabarrus York (SC)
Raleigh–Durham
Research Triangle
Established and growing suburban retail corridors throughout the Raleigh–Durham Research Triangle and surrounding counties.
Wake Johnston Surrounding Counties
Coastal North Carolina
Wilmington
Established and growing suburban retail corridors throughout Greater Wilmington and surrounding coastal North Carolina markets.
New Hanover Brunswick Pender
Property Types
Neighborhood and multi-tenant retail centers; select single-tenant and mixed-use commercial properties. Flexible on building size and configuration.
Investment Profile
Preference for durable in-place cash flow with clear value-add potential. Stabilized and partially vacant properties considered where the leasing and capital plan is compelling.
Value Creation
Lease-up and occupancy gains; below-market rent resets and renewals; tenant mix improvements; targeted capital projects; and operational efficiencies.
Capital & Execution
Focus on manageable upfront and ongoing capital requirements. Select heavier repositioning opportunities considered where the risk-adjusted economics support the additional commitment.
Submit an NC Opportunity Or reach Jordan directly at (551) 655-8289
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. In North Carolina, we are actively acquiring neighborhood and multi-tenant retail centers where leasing and targeted capital can drive value.
Redevelopment Repositioning Neighborhood Centers 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 parcel-level targeting using public tax and property records. 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
  • B.S., UNC Chapel Hill — Kenan-Flagler Business School
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, and of neighborhood retail across North Carolina, 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.
  • Northern New Jersey and South Florida; selectively beyond
  • North Carolina neighborhood retail — Charlotte metro, Research Triangle, Wilmington
  • NJ / FL: $3M – $50M+ total capitalization (core focus $5M–$25M); NC retail: $500K – $3M
  • 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