Mana Tree Properties has been investing in supply-constrained markets throughout the Northeast since 2019. Today our portfolio includes 14 buildings, 120+ multifamily units, and over 25,000 square feet of commercial space.
A native New Englander, Eric Edelman has spent his career working in technology and operations across hospitality, social media, and real estate helping companies grow to millions of users and raise over $150M in venture capital. At Common, he served as the VP of Platform, overseeing the Underwriting, Product, and Real Estate teams, helping scale the company to over 7,000 units under management.
At Mana Tree, Eric is responsible for Acquisitions. He received his Bachelor of Arts from Bowdoin College and his M.B.A. from Harvard Business School.
Based in Newburgh, NY, Jake Chai has spent the last decade of his career in finance, real estate, and entrepreneurship working on transactions ranging from $1M to $1B across the world. At Common, Jake served as the Chief of Staff where he led M&A and Investor Relations.
At Mana Tree, Jake is responsible for Investor Relations. He received his Bachelor of Commerce from McGill University and his M.S. in Real Estate Development from Columbia University.
Michael Engels has over a decade of real estate development, investment, and property management experience including the successful development of a 90-unit $40M condominium project in downtown Montreal. He owns ACEME properties a boutique HOA management business.
At Mana Tree, Michael is responsible for Asset Management and Legal. He holds a Bachelor of Arts in Economics from McGill University and a Master of Business Administration from the University of Montreal.
The Northeast is the most economically productive part of the country accounting for 23% of all the United States' GDP. The three anchor cities of the region, New York City, Boston, and Washington D.C. are the #1, #3, and #7 highest rent metropolitan areas in the U.S. respectively. These high rents are the byproduct of the tremendous productivity in the region and the lack of housing supply.
If more housing in the region isn't built, the lack of quality housing will drive people away to other parts of the country.
The Mana Tree Properties team specializes in identifying up-and-coming, low-basis markets that orbit the Northeast's anchor cities. We focus on buying and building quality housing in areas like:
Our investments leverage government programs like Low Income Housing Tax Credits (LIHTC), Historic Tax Credits (HTCs), and Opportunity Zones to minimize risk. We pride ourselves in our ability to build strong relationships with local lenders, brokers, and property managers en route to driving excellent returns.
We've raised over $30M in debt for our portfolio over the last three years across acquisition, construction, and refinancing loans.