452 Greenwich Street, NYC
In the late 90’s Maximus Funds closed on the purchase of 452 Greenwich Street, a 5 story loft building in the Tribeca historic district of Manhattan. The purchase price was ($83/ft). The property had non-regulated tenants who were trying to claim protection under the NYC loft law. With the partners knowledge of the loft law, and through one buyout of a rent control tenant for $150,000, the partners were able to vacate the property. One year later, the property was sold to an end user for a single family home for $250/ft. The net leveraged return on equity was 560%.

136 West 22nd Street, NYC
In December 2000 Maximus Funds entered into a joint venture to develop 136 West 22nd Street, a 7 story loft building in the Chelsea district of Manhattan into a 10 story luxury loft condominium. The property had been purchased for $125/ft and the transaction involved buying out two IMD tenants. Equity was provided for the project and a 93% return was achieved over an 18 month period.

552 West 43rd Street, NYC
In May 2001 Maximus Funds entered into a contract to purchase 552 West 43rd Street, a 5 story loft building on the west side of Manhattan. At the time of purchase the building was net leased to a tenant through 2010. The lease payments provided a 10% return on investment at the purchase price of $1,125,000 ($90/ft). A creative deal was structured in which the tenant retained rights to the ground floor in exchange for vacating the upper floors. Maximus planned to develop condominiums but the building was sold to a European firm after the events of 9/11. The return on equity over an 18 month period was 380%. .

464 Greenwich Street, NYC
In January 2002 Maximus Funds, closed on the purchase of 464 Greenwich Street, a 5 story loft building in the Tribeca historic district of Manhattan. The purchase price was $48/ft and the property was bought out of an in rem proceeding with the city. The property had been foreclosed for non payment of taxes to the City of New York.

With the partners knowledge of the loft law and through their negotiation of the assignment rights for the property, they were able to redeem the property at an extremely attractive price. The property was purchased with the store vacant, and loft law tenants upstairs. The partners drew up plans for 1500sf loft apartments and bought out 3 of the existing 4 tenants. The property was recently sold to a design firm at a price of $730/ft providing a return on equity in excess of 1500%

Condominiums, NYC
From 2000-2005 Maximus Funds acquired blocks of condominium units in high profile New York City apartment buildings such as Trump Parc, Trump Place, The Belaire, Hudson View and Worldwide Plaza. The apartments were subsequently rented and eventually sold. Overall returns were in the 50% range.

35 Chestnut st, Rochester, NY
In 2001, prinicipals of Maximus Funds closed on a 50 unit apartment complex rented to students from the renowned Eastman School of Music. The property was upgraded including new boilers, H/W heaters, new electric, plumbing and renovation of baths and kitchens. The property was part of a 1031 exchange and was held for 4 years before being resold to an investor. Net leveraged return was 28%.

45 Euclid st. Rochester, NY
In 2004 Maximus completely gut renovated a commercial loft building and NNN leased the building to a startup internet company. New electric, plumbing and heating system were added, the firm still owns the property which is generating an IRR of 145% on invested capital.

176 N. Water st. Rochester, NY
In 2005 Maximuspurchased the former 65,000sf regional headquarters of One Beacon Insurance company. It was purchased for an extremely attractive price due to the company's closing of it's offices in Rochester. They subsequently renovated the 32,000sf commercial historic loft building into 36 residential loft apartments. Maximus currently owns the property and is planning to start the conversion of the sister building and add another 20 units to the project. Expected returns after the 2nd phase is completed should be in the 70-75% range.

36 St. Paul st., Rochester, NY
In 2007 Maximus entered into a joint venture agreement to redevelop the historic Cox Building into 60 residential loft apartments. Plans were drawn up and grants obtained for the historic renovation of the project and then were stalled due to the credit crisis. The project is currently seeking funding to match the grants that were obtained through the City of Rochester.