Post Brothers

Post Brothers Apartments was founded in 2007 by Matthew and Michael Pestronk to exclusively focus on creating and operating infill, class-A, “best-in-class” Philadelphia apartment buildings at a superior cost basis.

Real Estate Specialization
Multifamily
Investment Type
Acquisition/Fee Simple
Investment Style
Development
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President

Matt Pestronk

Matthew Pestronk is co-founder of Post Brothers, a real estate investment, development and management company with singular and unique expertise in urban real estate development. Matthew has 18 years of real estate experience. Matthew serves as President of Post Brothers, where he has sponsored Class-A multifamily development projects, mixed use and retail projects comprised of over 3,000 apartment units and over 200,000 sf of urban retail space, with total equity raised of approximately $350 million since 2006 and a stabilized value in excess of $1.4 billion. Matthew is responsible for identifying, structuring and executing acquisition opportunities, developing target markets, and all equity and debt financing. Matthew was previously the youngest Managing Director in the 86 history of The Ackman-Ziff Real Estate Group, where he has arranged over 50 equity and debt financings totaling in excess of $1 billion of placed capital on behalf of an entrepreneurial and high-net worth client base across all major asset classes. Matthew serves on the Executive Committee of Jewish Federation of Greater Philadelphia's Real Estate affinity group (JFRE), West Nottingham Academy, Philadelphia Holocaust Remembrance Foundation and Beat the Streets Philadelphia.

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Chief Executive Officer

Michael Pestronk

As CEO, Michael Pestronk heads all property development and operational activities of the company. Post Brothers was founded in 2006 and since that time Mr. Pestronk has focused exclusively on creating a best-in-class enterprise with a current portfolio of in excess of 3,000 Class-A apartments and 200,000 sf of urban retail space, with total equity raised of $350 million and a stabilized value in excess of $1.4 billion. Michael has 14 years of experience in the multi-family real estate industry, having previously worked for NWJ Companies and Historic Landmarks for Living, as well as being a principal of Iron Stone Real Estate Group, where he was collectively responsible for the repositioning, operations and capitalization of over $300 million of real estate. During this time his responsibilities encompassed all aspects of apartment ownership including acquisitions, financing, development, construction, management, and leasing. During 2004-5 he was fully engaged in the property and asset management leadership of Historic Landmarks and was instrumental in the operational turnaround of a large portfolio of urban Class-A apartments, where he increased NOI without capital spending, and facilitated a $200 million recapitalization of the portfolio. Michael takes great pride in his focus on identifying the right product to build, building simultaneously with high quality and cost effectiveness, and rapidly renting all of our units at top of the market rents.

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Managing Director

Randolph Hope

Randolph Hope is a development and leasing professional with a diverse background in both multifamily and retail real estate. Randolph is responsible for leading Post Brothers retail development in addition to asset management of its growing portfolio. Prior to joining Post Brothers in 2014, Randolph was a Director at Panther Properties in which he was integral in growing the company from its first acquisition in 2010 through its completion of it first fund in 2014. Randolph oversaw the acquisition and development of more than 3,600 apartment units across 13 communities throughout the Southeastern United States. The portfolio created has a value in excess of $450 million and more than $100 million of equity capital invested. Prior to forming Panther Properties, Randolph was Vice President at Metro Commercial Real Estate the leading retail real estate brokerage firm in the Mid-Atlantic region. While at Metro Commercial he completed in excess of 350 lease and sale transactions with consideration in excess of $300 million.

ABS Partners Real Estate LLC.

Key Focus Areas
Asset Management Development Property Management Approvals and Entitlements
Geographical Area
Mapped Location