Wasa Properties is a New York City based real estate investment and operating firm currently executing an opportunistic strategy focused on repositioning income generating, distressed and deep value-add properties, well located within dynamic target markets throughout the northeast, southeast, and southwest. Wasa has grown organically, acquiring one property at a time since the firm’s inception in 2004 to over 2 million square feet of assets currently under management. Leadership at Wasa has experience managing $1.5 billion in investments since inception and was formed to focus exclusively on investing with institutional and high net worth joint venture partners.
Historically, Wasa has acquired land for office and mixed use developments, as well as existing income generating properties such as, shopping and power centers, industrial, multi-family and office buildings. Wasa has and will continue to foster deep relationships across the industry based on a foundation of trust and strong track record while maintaining a hands-on, methodical approach to investing. Wasa drives each step of an investments life cycle from sourcing through asset management to disposition bringing along high caliber skills and capital market experience producing profitable results on each and every investment.
Shlomo Bistritzky is the Chief Financial Officer of Wasa Properties. Mr. Bistritzky leads the finance and accounting departments and steers the financial activities of the Company, with a focus on managing risk and monitoring cash flow. His responsibilities include financial forecasting, accounting, financial reporting and financial due diligence and integration of the Company’s growing portfolio. Mr. Bistritzky is one of the founding partners of Wasa Properties and is a member of the Company’s Board of Directors. With over 23 years of experience in the real estate industry, he has been involved in more than $750 million worth of real estate projects. Mr. Bistritzky has been a member of International Council of Shopping Centers since 2001.
David Dombroff is the Senior Vice President at Wasa Properties. Mr. Dombroff manages all facets of the Company’s day-to-day operations, including asset management, construction, acquisitions and dispositions, and debt placement. Mr. Dombroff began his real estate career at The Puddingstone Group sourcing land acquisitions in Northern New Jersey for retail development with national tenancy. Mr. Dombroff has over 15 years of experience in the shopping center industry and has been a member of International Council of Shopping Centers since 2004.
Eric Li is a Senior Associate at Wasa Properties and assists in development, asset management, acquisitions and dispositions, and investment analysis at the Company. Mr. Li also focuses on construction management and job costing for all ongoing development sites. Mr. Li joined Wasa Properties in 2016 as a Real Estate Analyst. Prior to joining Wasa Properties, Mr. Li was part of a multi-family development firm based out of Brooklyn where he was responsible for underwriting, market research, and investor relations. Mr. Li holds a B.S. degree in Business Administration: Finance from the State University of New York at Buffalo.
Alan Langer is Corporate Counsel at Wasa Properties. Mr. Langer is responsible for supervising and coordinating the Company’s day-to-day legal activities and assists with the asset management, acquisitions and dispositions and investment analysis of the Company’s portfolio. Prior to joining the Company in April 2021, Mr. Langer was an associate for two and a half years in the New York office of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. as a member of the Corporate and Securities group, where he represented issuers and underwriters on a broad range of corporate transactions, including debt and equity offerings and mergers and acquisitions. Prior to that, Mr. Langer spent approximately 5 years as a member of the Public Company Advisory Practice (PCAP) at Simpson Thacher & Bartlett LLP, where he focused on providing corporate and securities advice to the firm’s clients, including Blackstone and KKR. Mr. Langer graduated from Fordham University School of Law in 2013 and is a licensed real estate and insurance broker.