Ariel Tambor
Ariel Tambor, 31
Director of acquisitions at DH Property Holdings
Ariel Tambor’s job is to place warehouses where warehouses aren’t typically supposed to go — at least according to the traditional understanding of what a warehouse was, and where it should be.
“We want to be as close as possible to the end consumer as we can be,” said Tambor of his firm, warehouse owner and developer DH Property Holdings. “We want to be in good locations, with no asset challenges.”
Tambor is a right-hand man for one of industrial real estate’s visionaries, Dov Hertz. DH Property’s founder pioneered “last-mile” storage facilities, sometimes building anew, sometimes renovating obsolete infill buildings to take on the burgeoning demand for warehouses close enough to the consumer to get items to them quickly, sometimes in the same day.
“The thesis was, seven or eight years ago, five- to seven-day shipping was done,” Tambor said. “Then a few years ago, it moved to two-day shipping windows. Then, all of a sudden, you have next-day and same-day delivery. That was the genesis of why we believed in industrial as a market.”
Tambor’s job is to be Hertz’s eyes and ears in infill markets outside of the New York metro, focusing mainly on Philadelphia, Boston and New Jersey. During his tenure, Tambor has helped close roughly $550 million of acquisitions — totaling $1.2 billion of capitalization — and has also transacted on more than $600 million of financings.
In the past 12 month, he closed a $26 million, 15-acre land acquisition at 3060 South 61st Street in Philadelphia with Philaport, a quasi-governmental entity as the seller. The largest deal in his career, however, was 1900 South Avenue, a 55-acre industrial outdoor storage site in Staten Island. The site was purchased via two separate deals from different sellers, with a total acquisition price of $80 million and a total capitalization of $120 million.