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Located in southwestern Connecticut, Fairfield County is one of the country's wealthiest counties. With its close proximity to New York City, Fairfield County offers many high-end housing options for city commuters. In addition to the status as a bedroom community, several major financial institutions have a substantial commercial presence within the county. These influences, combined with Fairfield County's key location on the northeastern transportation corridor, provides a spectrum of attractive real estate investment opportunities ranging from the institutional to "mom & pop".
Forstone has identified trends within Bridgeport, Connecticut that signal a significant real estate investment opportunity over the next several years. Approximately $2 billion in public and private investment is underway or planned, which is changing the landscape of the city. Forstone sees this injection of capital as the catalyst needed to ignite a renaissance, similar to that experienced by neighboring communities like Stamford and Norwalk over the past 15 years. This transformation is being driven by Bridgeport's waterfront location, convenient access to neighboring cities, outstanding transportation infrastructure, affordable housing options within Fairfield County, and an improving economic environment.
Forstone subscribes to the owner / operator model for all of our acquisitions. By aligning the interests of the management team with ownership interests, we believe the ultimate value of our portfolio will benefit. To ensure the long term success of Forstone, we focus on building our team with highly enthusiastic, personable and intelligent people.
Through the experience and professional endeavors of its principals, Forstone has developed strategic relationships among Connecticut's real estate, political, and business communities. These relationships help optimize Forstone's investment, development and operational opportunities.
Forstone has embraced the following practices to establish a competitive advantage within the marketplace:
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Source under-managed, well-located properties in need of repositioning, releasing or redevelopment
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Acquire assets below ultra competitive institutional pricing threshold
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Source off-market opportunities through proprietary relationships
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Use local market knowledge and network to identify and capitalize on growth trends
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Strategy
