NVC engages in the acquisition and development of residential and commercial properties in New York, New Jersey and Connecticut. Additionally, NVC has devoted some of its efforts to short term purchase, rehabilitation and sale of distressed properties.

Intermediate and Long-Term Purchase, Management and Sale of Real Properties

NVC has spearheaded the acquisition of existing properties and the development of new properties, in the residential and commercial markets. Thereafter, it is involved in the management of these properties, participating in current cash flow, with an ever present focus on disposition of the properties to achieve meaningful capital appreciation over the immediate and/or long-term horizon.

NVC concentrates on properties in markets where job growth, development and occupancy have remained relatively flat and/or have stabilized, despite recessionary forces. NVC believes that, at this time, properties in specific markets are now attractively priced. While NVC is interested in enterprises with projects values of up to $50,000,000, it prefers to target smaller properties, generally having purchase prices of $15,000,000 - $20,000,000, because there is substantially less competition for these smaller properties, thereby giving NVC more negotiating leverage.

Short-Term Purchase and Sale of Real Properties

NVC has been involved in the purchase of distressed real estate at considerably reduced cost. Acquisition of such properties takes place at short and foreclosure sales, or from real estate owned by banks, REIT’s, other financial institutions and individuals. The target properties are residential, commercial or mixed use, and after acquisition, the properties are rehabilitated and sold, usually with a complete turnaround time – purchase, rehabilitation and sale – of 90 to 120 days.