Description: Goldstein Kite Environmental seeks to identify, acquire, and reposition environmentally contaminated real estate for beneficial reuse, in order to take advantage of undervalued opportunities and deliver superior returns to investors and principals.
Goldstein Kite Environmental ("GKE") identifies, acquires, and repositions environmentally contaminated real estate for beneficial reuse while taking advantage of highly undervalued investment opportunities. We deliver strong risk-adjusted returns to investors by applying advanced technical, regulatory, legal, and incentive-based solutions to lower the cost of clean-up, reduce exposure to liability risk, and compress the time frame from capital deployment to asset disposition.
Due to the environmental contamination (primarily chlorinated solvents) the property was not marketable to a traditional end user or developer without further investment in both time and capital. The seller’s need for liquidity and the environmental challenges, presented the opportunity for GKE to purchase the property quickly at a significant discount to its otherwise non-impaired market value.
Property was acquired through foreclosure of past due real estate taxes. A former construction and debris landfill for Westinghouse, the site was closed for over 20 years and has since been monitored by the city of Coral Springs for soil and groundwater contamination.