Castle Lanterra
Suffern Park, NY 10901
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About the Company
Formed in 2009 by Elie Rieder, Castle Lanterra (CL) is a privately held real estate investment company focused on repositioning multifamily communities, acquiring quality, new-construction properties and pursuing emerging investment opportunities in strategic growth markets throughout the United States. Mr. Rieder has bought and sold tens of thousands of residential units throughout the United States and is also responsible for managing his family office, which is diversified across asset classes. With an emphasis on intrinsic value and downside protection and a focus on achieving stable cash flows by implementing physical and operational enhancements, CL aims to maximize NOI and provide attractive risk-adjusted returns for its investment partners. Since inception, CL has completed over $3 billion of transaction volume across 12,000 multifamily units and over 890,000 square feet of commercial space.
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About the CEO
Mr. Rieder is the Founder and Chief Executive Officer of Castle Lanterra. An active real estate investor, owner, and manager since 1998, Mr. Rieder has been directly involved in acquiring in excess of 20,000 multifamily units and has invested across the real estate spectrum including residential, office, hospitality, retail, and parking.
Mr. Rieder specializes in value add acquisitions, where property performance can be enhanced through multiple operational and capital improvements. His investments have shown a strong history of success in improving both the quality of life for the tenants and the cash flow to the owner through improvements to unit quality, community amenities, and property aesthetics. He has also successfully employed strategies to turn around underperforming properties, including overhauling management, reconfiguring under utilized-space, reducing operational costs, enhancing property security, and repositioning assets within their markets.
In addition to his activities with Castle Lanterra, Mr. Rieder is an equity partner in a substantial number of units owned and managed by Fieldstone Properties, an active New Jersey investor, owner, and operator of multifamily communities in the eastern United States.
In his personal life, Mr. Rieder is committed to community service, volunteering his time and energy to numerous charitable organizations and community associations focused on providing food, shelter, and education for underprivileged families both locally and abroad.
