Growing up as children in Brooklyn, New York, Simon Singer and Elie Schwartz both attended the same summer camp. Although they had some mutual friends, their paths never really crossed. Neither of them had any idea that later they would team up and build a successful real estate business together.
Not long thereafter, as they started their careers, they chose different paths. Simon attended Fordham Law School and was working as in-house counsel for a real estate development company. Elie, the constant entrepreneur, was running an IT consulting firm specializing in the setup and installation of Cisco network products and Microsoft servers. Destiny finally had its day when Simon’s company hired Elie’s company to set-up a network in their Manhattan office.
Elie, while being successful in the IT business, had been brokering real estate deals as a side business. And as it turned out, Simon liked real estate and was looking to make a change from his legal career. Two weeks later, on September 7th 2005, Nightingale was born.
The decision to partner wasn’t primarily about putting deals together or how well their skillsets meshed. For both founders, it was knowing that the other guy was someone they could count on.
That next year was the year of the midnight oil. Every night, after their day jobs, Elie and Simon would get together and work long hours putting deals together and building up their partnership.
They are asked all the time, why “Nightingale”?
The meaning behind Nightingale is derived from a play on words of our founders’ names. In Yiddish, Elie’s last name, Schwartz, means black, as in night. And Simon’s last name means, well, singer. When you combine Schwartz + Singer, you get Nightingale.
How’d Simon and Elie convince investors to trust them with their money when they were a brand new real estate company with no track record? As one investor put it, “THEY HAD TOTAL FAITH THAT SIMON AND ELIE WOULD LOOK AFTER THEIR INVESTMENT AS IF IT WAS THEIR OWN. THAT THEY’D WORK THE FUNDAMENTALS HARDER THAN ANYONE ELSE IN THE BUSINESS, AND THAT THEY’D NEVER LOSE RESPECT FOR THE FACT THAT THE INVESTORS’ MONEY MADE IT ALL POSSIBLE”.
The Nightingale Group, LLC is a privately held vertically integrated commercial real estate investment firm.
Founded in 2005 by Elie Schwartz and Simon Singer, Nightingale deploys capital on behalf of itself and its partners through specific and nonspecific investments. Primarily, Nightingale seeks value-oriented investments with repositioning or redevelopment opportunities in core and non-core markets across the United States. By leveraging off a proprietary network, Nightingale is able to source unique opportunities. Once an opportunity is identified, an investment specific strategy is then conceived, designed to maximize value at all levels.
Headquartered in New York City, Nightingale’s portfolio holdings currently span across 22 states with over 11 million square feet of office and retail commercial space under management. Nightingale’s strongest asset is its ability to move quickly and efficiently through the access of readily available capital and strong in-place teams consisting of legal, leasing and asset management making it a strong player in the industry.
Since their first acquisition, Nightingale’s size, and scale of operations has increased dramatically but certain fundamentals have never changed:
• They work the fundamentals of commercial real estate harder than anyone else in the business.
• They look after investor money like it was their own.
• They treat everyone with respect.
• Elie, and Simon still work long hours to ensure the success of their deals, and to ensure that their investments remain highly profitable.
It was those fundamentals that helped them grow even during the financial crisis of 2008, and build Nightingale into the well-respected, successful company it is today.