Michael Gontar (left) and Robert Rothschild.
Michael Gontar and Robert Rothschild
CEO; senior vice president for investment at InterVest Capital Partners
InterVest originated over $2.5 billion in the 12 months ending March 1, 2025, and has $10.4 billion of assets under management. While those amounts are spread over various asset classes, the firm’s success is due, in large part, to an immersion in all aspects of the residential sector.
“To us, the residential sector is a lot more than just multifamily,” said Robert Rothschild, “whether that’s garden-style multifamily or high-rise multifamily in New York City or other major metropolitan markets, or single-family homes, condos, townhouses and land banking.”
The employee-owned InterVest cites a pipeline of $1.2 billion as of February 2025.
CEO Michael Gontar notes that InterVest’s success includes providing client solutions across the capital stack.
“We provide everything from whole loan solutions, whether it’s construction or value-add, to mezz positions and stabilized properties,” said Gontar. “We’re also playing in the equity side of real estate to a lesser extent than credit.”
Notable 2024 transactions included providing preferred equity for the acquisition of the residential mixed-use 99 Commercial Street in Greenpoint, Brooklyn, and a construction loan for the conversion of an eight-story Class C office building into 16-story self-storage facility at 152 West 36th Street in Manhattan’s Garment District.
Rothschild notes that while most of Manhattan’s zoning for self-storage is confined to the far east and west sides of the borough, an exception made for several Midtown blocks paved the way for this deal.
“There are a lot of B and even C class office buildings mid-block that are not well occupied at this point,” said Rothschild. “We did the analysis on the zoning and saw that this is virtually in a class of its own, where nobody is going to be able to build an asset like this in a competing way.”
