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Bash Capital is an owner, operator and developer of residential and commercial real estate. From adaptive reuse and repositioning of existing assets to ground-up development, the Company leverages proven expertise and a diverse set of capabilities to achieve superior risk-adjusted returns.
Bash Capital also forms strategic Joint Ventures with local operators across the country, making programmatic investments to create a diverse portfolio of real estate assets.
As a vertically integrated real estate owner and developer, Bash Capital manages all aspects of its projects and acquisitions, from sourcing, underwriting, budgeting, financing, capital raising, and development management, to ongoing asset and property management.
Bash Capital pursues opportunistic real estate investments using an entrepreneurial approach, a fully integrated platform and extensive relationships to acquire, develop, reposition and operate real estate. The investment approach focuses on ground-up development and repositioning opportunities in assets with significant value-add potential and calculated downside risk.
LEADERSHIP
Michael Bauer
Founder
Michael Bauer
Co-Founder
Mr. Bauer has over 15 years’ experience as a real estate finance professional and has worked on over $45B of deals throughout his career. Mr. Bauer is responsible for sourcing and negotiating all transactions, as well as structuring the capital stack.
Prior to Bash Capital, Mr. Bauer’s founded Borough Equities (“BE”) and Borough Construction Group (“BCG”) in 2015 as a mid-market developer and builder in NYC. Mr. Bauer was responsible for all the financial functions, sourcing deals, arranging debt/equity for investments, and overall operations. BE/BCG executed over $500MM of investments and construction since its inception.
Prior to launching Borough Equities, Mr. Bauer was the CFO at Princeton Holdings, an investment firm in NYC, where he was responsible for all aspects of transactions including underwriting and due diligence components for acquisitions and dispositions and implementing tax strategies. He also participated in negotiations, particularly with sellers, JV partners, investors and lenders.
Prior to Princeton, Mr. Bauer was a Director in the Real Estate Advisory Group at FTI Consulting (NYSE: FCN), where he worked on domestic and international engagements including acquisitions, diligence, financial underwriting, valuations, restructuring, portfolio and operational optimization, master planning and land use, and market and economic feasibility. Specifically, Mr. Bauer worked on the restructuring and optimization of a global portfolio valued over $40B (Lehman Brothers), master planning and land use strategies for international re-development sites over 6,000,000 square feet and $1B (Jeddah, Saudi Arabia), and the acquisition advisory for over 5MM square feet of hospitality, commercial, and retail (various).
Prior to FTI, Mr. Bauer was an Accounting Manager at Apax Partners, a global private equity firm, where he was responsible for the complete administration and financial reporting for over 15 funds, containing over $1B in assets, on both a US GAAP and Tax Basis.
Mr. Bauer received his BA from SUNY Binghamton and his JD from Brooklyn Law School.
Mr. Bauer is a Licensed Real Estate Broker in New York, and has previously held licenses as a Certified Public Accountant and an Attorney in New York and New Jersey.