Over 40 combined years of industry experience

Collectively developed thousands or residential homes and millions of commercial square feet

Overview

Decades of Experience

With combined experience of over 40 years in the industry, Iron Ore Properties’ founders have worked throughout the Northeast and have collectively developed and facilitated the development of thousands of residential homes (both rental and for sale) as well as millions of square feet of commercial buildings.

Current projects include transit-oriented ground-up mixed use developments as well as stabilized value-add projects in the urban centers of NJ.

Ground Up

Ground-up multifamily development involves constructing residential properties from the ground up. It offers the opportunity to design and build modern, purpose-built living spaces that cater to the evolving needs of residents, whether it’s luxury apartments, affordable housing, or mixed-income communities.

Mixed

Mixed-use developments combine residential, commercial, and often retail spaces within a single project. These versatile properties create vibrant, walkable communities where residents can live, work, and shop all in one location, enhancing convenience and fostering a sense of community.

Value Add
Residential

Value-add residential investments focus on properties that have untapped potential. This strategy typically involves renovating and upgrading existing residential units to increase their market value, offering better living conditions for tenants while generating higher rental income for investors.

Value Add Retail

Value-add retail investments involve revitalizing and enhancing retail spaces to attract both tenants and customers. This can include renovating, rebranding, or repositioning retail properties to maximize their profitability and adapt to changing consumer preferences.

Surplus Land Play

Surplus land plays involve identifying and repurposing underutilized or surplus land parcels. These investments aim to unlock the value of such land by developing it into profitable properties, which could include residential, commercial, or mixed-use projects.

Note Purchases

Note purchases refer to the acquisition of existing mortgage notes or loans secured by real estate. Investors in note purchases may have the opportunity to negotiate with borrowers, modify loan terms, or foreclose on properties to gain ownership, providing various strategies to maximize the value of these financial assets.

Distressed Assets

Distressed assets are typically properties facing financial difficulties, often due to factors such as foreclosure, bankruptcy, or operational challenges. Investors in distressed assets can acquire these properties at a discount and implement strategies to turn them around, potentially yielding significant returns when the assets recover their value.

Meet the Team

Joshua B. Sternberg

Co-Founder and Co-Managing Partner

Joshua B. Sternberg is the Co-Founder and Co-Managing Member of Iron Ore Properties LLC and a Partner in Iron Ore Construction LLC.  In this capacity, Mr. Sternberg has direct responsibility for the Company’s strategic planning, investment strategies and underwriting, financing and manages the execution of the Company’s Development Projects.  Mr. Sternberg’s relevant experience in developing complex capital structures, relationships with lending institutions, working with local, state and federal representatives as well as his diverse history of real estate ventures that span all asset classes make him uniquely qualified to navigate the ever-changing real estate markets and to ultimately maximize value and returns for investors.

Josh M. Mann, Esq.

Co-Founder and Co-Managing Partner

Josh M. Mann, Esq. is the Co-Founder and Co-Managing Member of Iron Ore Properties LLC and a Partner in Iron Ore Construction LLC. Mr. Mann has direct responsibility for equity investments, strategic planning, acquisitions, operations, legal and governmental relationships/approvals and the execution of the Company’s Stabilized, Value-Add and Distressed Projects. Prior to forming Iron Ore with Mr. Sternberg, Mr. Mann was a Partner and General Counsel at Seaview Capital Partners Limited Liability Company, where he managed the Company’s acquisitions, development projects, acted as counsel on all transactions and management decisions and helped oversee and create unique deal structures which returned well above-market investment returns.

Brandon K. Boffard, Esq.

Partner

Brandon K. Boffard, Esq. is a Principal of Iron Ore and Partner in Iron Ore Construction LLC, where he is responsible for overseeing the implementation of the Company’s projects from acquisition and entitlements, through and including design, construction management, and lease-up phases. Mr. Boffard also actively manages legal and regulatory matters on behalf of the company, including contract negotiations, project approvals and permit compliance, including NGBS and other energy/building code requirements, as well as insurance and capital markets aspects of its transactions. Prior to joining Iron Ore, Mr. Boffard was a transactional real estate attorney with Sills Cummis & Gross P.C. where he represented banks, finance companies and funds in commercial lending transactions.

Gabriel Riccio

President — Iron Ore Construction

Gabriel Riccio is a Partner and President of Iron Ore Construction LLC. Mr. Riccio has more than 30 years of experience in construction and construction management. Mr. Riccio oversees all Iron Ore’s construction activities, ranging from ground up construction to tenant renovations. Mr. Riccio also acts as Owner’s Representative when the company utilizes a third-party general contractor. During the government approvals phase, Mr. Riccio advises on construction and cost issues related to proposed site plans, architecture and engineering. Prior to Iron Ore, he worked at major regional construction companies, serving as Senior Project Manager.