Multidisciplinary Real Estate Firm Based in Paoli Mulls a Move South

By

office building street view
Image via Google Maps.

Paoli-based Edgewater Group recently acquired office space in Naples, Fla., and is planning to run its new $100 million acquisition fund from this new location, according to a report from the Business Observer.

The multidisciplinary real estate firm currently has properties in at least five sectors and around 200 employees nationwide. According to Edgewater Founding Partner Ketan Vora, the firm’s latest expansion is “a natural extension” of its model.

This means that, in addition to managing the accounting and marketing side of the upcoming fund, it will also provide distressed advisory, management, and value-add investment services for hospitality, retail, office, student housing, and residential sectors.

“We are in it for the long haul,” said Vora. “We buy it, we update it, we stabilize it.”

The firm is also considering moving its headquarters from Paoli to the new Naples location.

“We have very few employees in Pennsylvania now,” said Vora. “A large segment of our employees live in Florida.”

The new fund, which will be national in scope, is expected to launch within the next six months.

Read more about Edgewater Group in the Business Observer.

Connect With Your Community

Subscribe to stay informed!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Advertisement
Creative Capital logo