David Parisier's Schools

• New York University Stern School of Business MBA

David Parisier's Publications

• Rehabilitation of Existing Multifamily Properties Combines Preservation of Materials and Space with New Housing Opportunities (1/2) , David Parisier's Blog on Bigsight November, 2011 With increased focus on the multifamily housing market, companies such as Paredim Partners LLC strive to identify apartment buildings and complexes that can be made more attractive to young families and professionals. These potential renters generally want to live in a conveniently located complex that offers solid construction and upscale amenities. However, the high cost of land makes new development expensive and drives up the per-unit cost. This means that rents for new properties can be out of reach for many. Moreover, much of the land available near business and commerce centers is already developed. posted at building-cincinnati.com In some cases, multifamily units currently exist in such areas but have fallen into disrepair or financial straits. Paredim Partners LLC acquires such properties, rehabilitates them, and creates management strategies that ensure these communities thrive. This eliminates the need for demolition that causes waste and disruption, as well as new construction that necessitates new materials and higher rents. In some areas, the rising and falling popularity of real estate tends to be an unfortunate reality. Some multifamily complexes fall victim to this syndrome. As urban sprawl extends commute times for renters who live in areas better served by the older properties, however, people try to find leasing opportunities closer to their workplace. Many multifamily developments fail simply because of management problems caused by inexperience, sale, and other factors. In years past, developers often dismissed the potential of such properties to reverse their downward slide. They purchased the parcel, knocked down whatever stood on it, and built new multifamily units that necessitated higher rents, or simply worked to rezone the property for another purpose. This approach misses a significant preservation possibility that could be used to revitalize a community and provide affordable, appreciable housing for young professionals and families. About David Parisier: Having worked in the real estate industry for nearly 25 years, David Parisier possesses significant expertise in the identification of properties that could benefit from renovation and new management, including such success stories as Hillcroft at Danbury. In his current capacity at Paredim Partners LL, David Parisier handles financing, acquisition, and management strategies for multifamily properties in New York, Connecticut, and New Jersey. Rehabilitation of Existing Multifamily Properties Combines Preservation of Materials and Space with New Housing Opportunities (2/2)

• Paredim Communities Property Focus: Hillcroft at Danbury, by David Parisier February, 2012 About the Author: As the Principal and founder of Paredim Partners, LLC, David Parisier helps oversee the company’s approximately 1,200 units situated in Connecticut’s Fairfield and New Haven Counties. As one of Paredim Partners, LLC’s newest properties, Hillcroft at Danbury features a variety of one-, two-, and three-bedroom apartment homes located in an upscale neighborhood in Danbury, Connecticut. Acquired through a partnership of Paredim and the Phoenix Realty Group for $27.7 million, Hillcroft at Danbury received approximately $1 million in upgrades to the 192 units and to the property’s amenities. With the numerous renovations made to the garden-home community over the past several years and the targeted upgrades made by us at Paredim Partners, Hillcroft at Danbury easily compares with other high-end properties in the region in terms of quality and elegance. Hillcroft at Danbury offers a wide variety of superior amenities, attractive conveniences, and incomparable benefits to residents. For example, the apartment homes feature elegant and modern components and finishes that include stylized countertops, custom cabinets, and brushed nickel lighting. The majority of units maintain ample storage space, aided by spacious walk-in closets and attached balconies, decks, or patios, and complete collections of designer ENERGY STAR appliances, including dishwashers, stove-oven setups, air conditioners, and washer-dryer combos. The Hillcroft at Danbury property provides additional luxury amenities, such as a recently renovated and upgraded fitness center, a large outdoor pool and lounge area, and on-site laundry room. Hillcroft at Danbury’s extensive in-unit and on-site amenities are only matched by the elegance and convenience of the property itself. Residents of the apartment community come home each day to a lush, well-manicured landscape. Located in a quiet, wooded part of Danbury, the property offers further benefits to commuters with its easy access to Interstate 84. In addition, Hillcroft at Danbury maintains close proximity to golf courses, recreational open spaces, and shopping opportunities.

• Shoreline Connecticut Living at its Finest March, 2012 By David Parisier Paredim Partners LLC’s well-located and affordable residential communities offer professionals access to premier Connecticut apartment living, with the added convenience of close proximity to New York City. Our remodeled and redesigned communities include townhouses, high-rise luxury towers, and garden-style apartments. Three of our most popular properties are centrally located in West Haven, near the Connecticut shoreline: Edgewater Tower, The Foundry, and Colonial Court. The only luxury high-rise community in the New Haven area to enjoy a beachfront location, Edgewater Tower includes apartments that feature outstanding views of Long Island Sound. Edgewater Tower’s full-service benefits include on-site amenities, such as covered parking, a fitness center, a swimming pool, and personal residential storage areas. The tower residences were designed with elegant, contemporary living in mind, and feature updated kitchens, stainless steel appliances, full carpeting, and en-suite washers and dryers. Each of the four distinct residential layouts offers tenants a private patio or balcony. Located near I-95, Edgewater Tower is a short car ride away from central New Haven and Yale University. Colonial Court Apartments feature distinguished exposed brickwork finishes in townhouse and loft-style living. Recently renovated, the quiet, secure community offers studios, as well as larger apartments with up to three bedrooms. Amenities include washer-dryer hookups, adjustable heating and air conditioning, and high-speed Internet access, while eat-in kitchens and walk-in closets maximize existing space. Colonial Court residents enjoy professional on-site management, which facilitates enjoyable living arrangements. Also located centrally in West Haven, The Foundry Apartments’ loft-style units feature exposed brickwork and allow tenants to control each unit’s HVAC system. The apartments share a landscaped indoor atrium that offers a relaxing spot to read a book or socialize with neighbors, whatever the season. To learn more about the full range of Paredim Partners’ professionally managed communities, visit www.paredimcommunities.com. About the Author: As Managing Director of Paredim Partners, LLC, David Parisier oversees the management and development of nearly 1,500 units in the Tri-state metropolitan area.

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