About

YESCODevelopment

YESCO is a full-service yesco real estate developer

Since 1992, we have acquired, repositioned and developed over $2 billion in properties nationwide spanning approximately 3.5 million square feet. Our portfolio is diverse, comprised of condominium, rental, office, retail, mixed use and healthcare properties.

YESCO Development is currently developing 15 real estate projects in premier markets such as New York, Miami, and Palo Alto.

Investment and Development

YESCO Development utilizes a core set of guiding principles targeting investments with low volatility and high returns, resulting in strong performance throughout the economic cycle. Our success in the industry has fueled our growth and strengthened our strategic partnerships. We oversee the development process from the perspective of an owner and investor and conduct an in-depth market analysis of the risks and rewards and deployment of capital, to meet or exceed investment objectives. Additionally, we are the development manager for each of our projects, providing consultancy and advisory services, and optimizing our existing network of relationships and resources to maximize the potential return on investment.

Construction

Our team of seasoned construction professionals has over 140 years of combined technical expertise and knowledge across a wide range of property types. From inception to completion, our team is involved every step of the way: pre-construction planning, obtaining entitlements, budget development and execution, scheduling, contract procurement, and close-out. Using unique methods of extracting value while simultaneously providing the highest standards of quality are the hallmarks of our construction team’s process.

Marketing and Sales

Marketing, sales and leasing for our portfolio is managed directly by our marketing and sales team from inception to completion. Strategically, relying on a keen awareness of industry analytics and trends is our key to maximizing market share and optimizing absorption. At the predevelopment phase, our marketing team works in concert with the architects and designer to craft the property in alignment with current demands.

YESCO Development’s investment and development, construction and marketing and sales teams remain fully-integrated throughout the entire life cycle of a project to ensure efficiency and synchrony.

Corporate Headquarters

Highway Homes
Building-1, Level-7, KA-32/6, Shahjadpur, Paragati Sarani, Gulshan, Dhaka-1212, Bangladesh


Ph: 8899088, Cell# +880 1729 207700 - 07, Email: saiful@yescobd.com, info@yescobd.com

Chief Executive Officer

Jeff oversees YESCO’s real estate development team and projects. He is responsible for sourcing and structuring new acquisitions and joint ventures, while also managing the capitalization, entitlements, design, construction and sale & leasing of the properties. Additionally, Jeff sources debt and equity for opportunistic real estate transactions.

Prior to joining YESCO, Jeff was an integral member of the Equity Office Properties team. He held a significant role in the repositioning of their iconic New York City office building portfolio. Prior to EOP, he oversaw redevelopment projects in various sectors for Jones Lang LaSalle’s Project and Development Services team. Throughout his career, Jeff has held roles in real estate investment, construction, and engineering, and has managed the major redevelopment and repositioning of property in all sectors of commercial and residential real estate.

Saiful holds a B.S. in Engineering from the University of Delaware, as well as a M.S. in Real Estate Development and an Advanced Degree in Finance, both from NYU’s Schack Institute.

Senior Vice President

Tom oversees the project management team that implements the overall process including entitlements, due diligence, project scope development, team selection, contract negotiations, project cost monitoring and quality control compliance.

He has worked in the real estate development business for over twenty years, directing over 30 major projects in excess of $500 million.

Tom brings a universal knowledge of the development process gained from his experience in Single and Multi-family housing, Commercial and Retail Development and Health Care Facilities.

Deputy General Counsel

Andrew has general responsibility for all of YESCO Development’s legal matters. As Deputy General Counsel, he oversees the structuring, negotiation and execution of acquisitions, financings, leasing and other development-related activities. Additionally, he is integrally involved in the company’s corporate and operational affairs and is responsible for the management of outside counsel.

Prior to joining YESCO in 2015, Andrew practiced in the real estate department of Fried, Frank, Harris, Shriver & Jacobson LLP. He holds a Bachelor of Arts in Political Science from the University of Michigan and a Juris Doctor from The George Washington University Law School.

 

Director of Acquisitions

Jared acts as a multifaceted team member, sourcing and structuring opportunistic investments, overseeing capitalization and managing the development process across multiple projects. Additionally, Jared is integral in building Greystone’s national mixed use acquisition platform, currently focused in New York City and Miami, FL.

Prior to joining Yesco, Jared served as a Development Manager at Pantheon Development, where his team facilitated growth and sourced capital, building a portfolio of over 600 units in an 18 month period. Additionally, Jared oversaw various new development projects, researched and underwrote potential investments, generated and applied cash flow models and performed construction analysis.

Jared holds a M.S. in Real Estate Development and a B.S. in Business Administration, both from Nova Southeastern University.

Director of Investments

Tristan is an integral member of Yesco development acquisitions team. Her responsibilities include underwriting and structuring potential investments, raising capital for existing investments and supporting asset management and reporting functions.

Tristan has a diverse real estate background that includes investment banking, asset brokerage and urban planning. Over the course of her career, she has underwritten $12 billion of assets across the United States. Prior to Yesco, Tristan worked for Brookfield Financial where she assisted on real estate capital raising and investment sales mandates. She started her career at Wikstrom Economic & Planning Consultants where she advised both municipal governments and real estate developers on potential costs and benefits of various development, entitlement and zoning decisions. Tristan also spent a summer interning at Health Care REIT where she assisted its capital markets, asset management and underwriting teams.

Tristan holds an MBA from Cornell University and an Honors Bachelor’s of Science degree from the University of Utah in Urban Planning where she graduated Summa Cum Laude.

Vice President of Development

Charles is an integral member of Yesco Development’s West Coast operations, overseeing development initiatives in YESCO growing pipeline of opportunities. Charles has over 20 years of real estate development, design and construction management, and project management experience with a diverse background in various types of real estate development. Charles’ areas of expertise include acquisition, pre-development due diligence, master planning, design management, contractor selection, project buyout and interaction with local and state municipalities.

Prior to joining Yesco, Charles was a Project Manager at Hines, a privately held global real estate developer, owner and operator. Prior to Hines, Charles oversaw several high profile projects in San Francisco on behalf of private clients for Swinerton Management & Consulting. Charles’ notable projects include luxury residential developments, mixed-use projects, office buildings and historical building renovations in San Francisco.

Charles holds a Bachelor’s of Science degree in Construction Management and International Business from Arizona State University.

Development Director

After spending his entire professional career in the New York City area, J.P. recently relocated to Miami to manage the development and construction of Yesco ’s South Florida properties, currently The Mile at Coral Gables and 2500 Biscayne Blvd.

J.P.’s development and construction background has evolved over the past 15 years through his employment by a boutique family owned development firm, as well as by larger scale development and construction management/consulting firms. He has managed development and construction across a wide spectrum of real estate properties, ranging from ground-up residential and big box retail projects to office and retail build-outs.

J.P. holds a Bachelor’s degree in Communications from the University of Michigan and a Master’s degree in Construction Management from New York University.

Development Director

Jared brings 13 years of industry expertise across a variety of disciplines. His experience in design and construction encompasses all phases of development from inception through project completion. Jared’s areas of expertise include NYC Zoning, Design Development, Bid Administration, Construction Administration & Management and interaction with many local and state agencies.

Prior to joining Yesco, Jared was a Development Officer/ Project Executive at The Continuum Company, a privately held real estate development firm based in New York City, whose primary core business is acquisition and development of multifamily residential and retail assets. He has also held a variety of senior positions at major NY architectural firms, including HTO and Stephen Alton Architect, where he managed development of several residential rental, condominium and hospitality projects.

Jared earned a Bachelor’s Degree in Architecture from Pratt Institute in Brooklyn, NY.

Director of Property Operations

Jeffrey leads property management strategy and execution for Yesco Development. He coordinates the transition of all projects from the construction to operations phase. Jeffrey also oversees post-construction operations of all properties within YESCO portfolio, including finance, staffing and third-party vendor oversight.

Prior to joining Yesco, Jeffrey worked as a District Manager in the New York office of a leading Florida-based property management company. Prior to that, he served as a General Manager with the largest residential property management company in New York. Jeffrey has worked on openings for several high-profile properties in Manhattan including New York by Gehry, a 900-unit luxury rental building in FiDi, as well as The Plaza Private Residences (formerly the Plaza Hotel).

Jeffrey earned a Bachelor’s of Science degree in Hotel, Restaurant and Institutional Management from Pennsylvania State University.

Vice President of Marketing

Shorovi Akter is overseeing the marketing and sales efforts for Yesco Development. Jill is responsible for appropriately positioning the properties within the market, guiding design, and executing the strategic vision.

Ms. Preschel brings to Yesco over nine years of real estate sales and marketing experience. Just prior to joining Yesco, she was a Senior Sales and Marketing Director at Alchemy Properties and was involved in more than $400 million in residential sales, over 200 units including Griffin Court, Sackett Union, 35XV and The Woolworth Tower Residences.

Before Alchemy Properties, Ms. Preschel worked at Corcoran Sunshine Marketing Group in sales and marketing roles. A graduate from Johns Hopkins University, Jill received degrees in Writing and Media Studies.

Projects

1, 3, 5 Ferry Road Sag Harbor, Long Island

225 4th Avenue Park Slope, Brooklyn

Metropolitan Place Madison, WI

88 Greenwich Financial District, NYC

75 Broad St Financial District, NYC

NewsLATEST COVERAGE

Real Estate Weekly

New Development

July 28, 2017

YESCO Development announced the official start of leasing for Steuben, at 100 Steuben Street in Clinton Hill, Brooklyn.

Steuben is the second of a pair of new luxury rental buildings developed by YESCO. The first, Myrtle, located around the corner at 531 Myrtle, launched leasing in January 2017 and is fully occupied.

Brownstoner

Peek Inside Park Slope’s Newly Restored Brooklyn Lyceum and Public Bath

July 17, 2017

By Susan De Vries

The Brooklyn Lyceum will once again pulse with strenuous activity when it begins a new life as a Blink Fitness later this month. Originally built as NYC Public Bath No. 7, the formerly crumbling building at 227 4th Avenue is now gleaming after a major exterior restoration project. A preview of the interior showed a significant transformation.

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Developer YESCO purchased the historic structure in 2014, and also owns the property next door at 225 4th Avenue. YESCO was able to transfer about 20,000 square feet of development rights from the Lyceum to the formerly empty lot next door and build bigger there. A 12-story luxury rental designed by Daniel Goldner Architects is under construction and will wrap in early 2018.

Brooklyn Paper

Splashy debut! Renovations conclude at century-plus-old P’Slope bathhouse

July 12, 2017

By Colin Mixson

Talk about freshening up!

Park Slope’s historic bathhouse emerged from behind scaffolding on July 7 after a year-plus-long renovation of the turn-of-the-century facility — which could not have come at a better time, according to a rep for the developer.

City Realty

A Look Inside Harlem 125 as the New Rental Debuts on Harlem's Main Street

June 21, 2017

Spanning Upper Manhattan from the Hudson River to the Harlem River, 125th Street is home to buildings with rich history like the notable Apollo Theater, and also to new developments including a massive, 200,000-square-foot commercial building that will soon host a Whole Foods and other chain retailers. Within proximity of the evolving streetscape, newly constructed or redeveloped rental buildings have opened too, like 6 West 126th Street and 92 Morningside.

The latest to open, called Harlem 125, sits directly on the thoroughfare at 69 East 125th Street and launched leasing in May; within one month, it was 25% leased. Various layouts are still available and as added appeal, listings offer 1 month free on leases for all units, which are priced from $1,994/month.

Press Releases

YESCO HARLEM 125 IS 50% LEASED

AUGUST 14, 2017 – YESCO Development announced that Harlem 125, a new rental development located at 69 East 125th Street in East Harlem, is over 50 percent leased in less than two months.

YESCO STEUBEN DEVELOPMENT IN BROOKLYN LAUNCHES LEASING

JULY 10, 2017 – YESCO Development announced the official start of leasing for Steuben, located at 100 Steuben Street in Clinton Hill, Brooklyn. Steuben is the second of a pair of new luxury rental buildings developed by Greystone Development.

TIFFANY RUFRANO JOINS AS DIRECTOR, ASSET MANAGEMENT

MAY 24, 2017 – Tiffany Rufrano joins YESCO Development as Director of Asset Management, managing a growing portfolio of multifamily and mixed-use properties.

YESCO HARLEM 125 BEGINS LEASING

MAY 3, 2017 – YESCO Development announced the official start of leasing for Harlem 125, a 75-unit rental building located at 69 East 125th Street in East Harlem, NYC.

For press inquiries, Please contact Karen Marotta at 212-896-9149 karen.marotta@greyco.com

Careers

YESCO is a fast-growing privately-held firm that provides unlimited opportunity to those who seek it out. We recruit people with a passion for Real Estate and who are driven to excel.