- CEO
- Nickolas W. Jekogian
- Full Time Employees
- 4
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 1430 Broadway New York City NY United States of America 10018
- IPO Date
- Jun 6, 1972
- Business
- Presidential Realty Corporation operates as a self-administrated, self-managed Real Estate Investment Trust (REIT) primarily engaged in the ownership of income-producing real estate and investments in real estate related assets. The company's core portfolio consists of multifamily apartment units, office buildings, industrial properties, and shopping centers across the United States. Presidential focuses on high dividend-yielding real estate assets, pursuing strategic acquisitions and partnerships to expand its portfolio nationally. Founded in 1911 and headquartered in New York, the corporation operates broadly across multiple states.
The company’s main products and services include the acquisition, ownership, and operation of income-producing multifamily residential properties and commercial real estate. Presidential specializes in acquiring properties that can be contributed into an UPREIT (Umbrella Partnership Real Estate Investment Trust) structure, providing liquidity benefits and stock appreciation potential to real estate owners contributing assets. Additional income streams involve holding notes and mortgages secured by real estate interests.
Recent strategic initiatives include a national expansion plan focused on acquiring high dividend-yielding multifamily properties through partnerships with private equity funds and owner/operators nationwide. In 2024-2025, Presidential Realty Corporation has emphasized growth through acquisitions, leveraging the UPREIT structure to build scale and diversify its portfolio geographically and by property type. The company has also undertaken operational cost reductions under its current management team led by CEO Nickolas Jekogian since 2011, enabling a more streamlined and growth-oriented business model.
Overall, Presidential Realty Corporation serves institutional and private investors by providing a platform for real estate asset consolidation and enhanced liquidity, operating primarily within the multifamily and commercial property markets in the United States under a diversified REIT framework. The company’s evolution over more than a century includes a significant contemporary focus on strategic acquisitions and portfolio optimization to drive shareholder value through income and appreciation potential.