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Extell Development Company Website
Extell Development Company Overview
Extell Development Company is one of the nation’s leading real estate developers, known for reshaping the New York City skyline with landmark residential, office, hospitality, and mixed-use projects. Since its founding in 1989, Extell has delivered more than 25 million square feet of past and future developments, redefining luxury living through world-class design, craftsmanship, and amenities.
Backed by a vertically integrated team of seasoned professionals, Extell oversees every stage of the development lifecycle—from acquisition and financing to construction, marketing, and management. This hands-on approach ensures precision, efficiency, and a consistent standard of excellence across all projects. Extell’s signature “Extell Choice” allows buyers to personalize floor plans, finishes, and design details, further elevating the ownership experience.
Guided by a philosophy rooted in meticulous detail and timeless craftsmanship, Extell collaborates with internationally acclaimed architects, designers, and consultants to deliver enduring value. With iconic developments throughout New York and expanding markets nationwide, Extell continues to set the benchmark for luxury real estate and create properties designed to be appreciated for generations.
Address
New York,
New York
Year Founded
1989
Operates In
New York
Asset Classes
Mixed Use
Multifamily
Hospitality
Accepted Investors
Accredited
Kurt N.
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"Strategic Pivot: From Multifamily to For-Sale Condos"
Extell Development is a vertically integrated developer with whom I invested in a Class-A apartment development located in a Utah ski resort. The project originally broke ground as a multifamily rental development but was converted to a for-sale condominium model in response to shifting economic conditions. While the initial projections for the condo conversion promised higher returns than the apartment development, a slower-than-expected sales pace has since led to a downward revision of those figures. The sponsor still projects a profitable exit upon the final sell-out of the units. Extell maintained clear communication throughout this transition, providing detailed updates on the change in strategy and revised return projections at every stage. I credit the sponsor with this creative pivot to protect investor capital and returns. Extell funded the cost overruns associated with the condo conversion internally rather than issuing a capital call to the limited partners. Based on their proactive management and the fact that they have shielded investors from additional capital requirements, I would consider investing with Extell Development again in the future.
