Spandrel Development Partners team has over decades of expertise in pursuing opportunities for conversion, capital improvement and ground-up development in targeted U.S. markets with strong and growing economic and demographic indicators.
Our team’s leadership brings a depth of experience from a variety of project types and construction means and methods. The team draws upon decades of development and transaction success to offer a bold approach in the market and provide quality spaces that are tailored and befit the surrounding community. SDP principals bring a combined 40 years and over $4 billion of real estate and finance experience to the firm.
Ian S. Levine, Co-Founder of Spandrel Development Partners, LLC, specializes in property and asset management, operational and financial oversight, as well as construction and funding monitoring of mid- and large-scale projects having completed and consulted on projects valued in excess of $3 billion. At Spandrel Development Partners, Ian is responsible for overseeing project execution including budget oversight, design feasibility, marketing and branding efforts, corporate and project insurance, lender relations, and construction process, procurement, and oversight. Prior to co-founding SDP, Ian spent 16 years with RAL Companies and Affiliates, LLC as Chief Financial Officer and Chief Operating Officer as well as CEO and President of Spandrel Property Services, Inc., RAL’s affiliated property management and brokerage firm.
At RAL Companies & Affiliates, LLC, a developer of luxury apartment, condominium and resort communities nationwide, Ian provided asset management, operational and financial oversight of multiple residential and mixed used projects which included such projects as Tower 270 Condominium in Tribeca, New York, The Franklin Tower in Tribeca, New York, Loft 25 Condominium in Chelsea, New York, One Brooklyn Bridge Park Condominium in Brooklyn, New York, the New Yorker Condominium, New York, New York as well as The Inn At Lost Creek in Telluride, Colorado.
Ian has held real estate licensure in the states of New York, Connecticut, Massachusetts, Pennsylvania, and Colorado and has been a member of the International Council of Shopping Centers, the New York Association of Realty Managers, the Real Estate Board of New York and the Institute of Real Estate Management. Ian received a Bachelor of Science Degree in Business Administration from Babson College. Ian is also a member the Board of Trustees of The Windward School and resides in Connecticut with his family.
Peter Cocchia brings more than 25 years of Chief Financial Officer leadership and financial management experience in both public and private construction and development companies. Peter was most recently the regional Chief Financial Officer of Tutor Perini Building Corp, a wholly-owned subsidiary of Tutor Perini Corporation (NYCE: TPC), one of the nations largest civil, building and specialty construction companies. Prior to Tutor Perini, Peter was Chief Financial Officer of Keating Companies, a large, diversified construction management and real estate development firm.
Peter is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and Pennsylvania Institute of Certified Public Accountants. He is also a Certified Construction Industry Financial Professional (CCIFP) and a member of the Construction Financial Management Association (CFMA). Peter earned a Bachelor of Science of Accounting from Villanova University.
Stephen brings a wealth of expertise and experience to the Spandrel Development team as the Director, Design & Construction. With a remarkable background in real estate development and a distinguished career in architecture spanning over 20 years, Stephen is a vital asset to our organization. Stephen’s exceptional track record and passion for his craft make him an invaluable asset to our team. With his assistance, Spandrel Development continues to redefine the landscape of real estate development, creating exceptional spaces that enrich the lives of those who inhabit them.
Before joining Spandrel Development Partners, Stephen made significant contributions to national and private real estate development groups. His extensive experience includes working with award-winning architectural firms, where he played a pivotal role in shaping remarkable projects across various sectors. While at Elkus Manfredi Architects Ltd, he worked on diverse project types, ranging from multi-family residences and mixed-use developments to high-rise buildings, and institutional projects. While at Payette, he focused medical facilities, and research laboratories. His versatile skill set enables him to navigate the complexities of each project, ensuring excellence in design, functionality, and sustainability.
Stephanie Sosebee is the Controller at Spandrel Development Partners. Stephanie brings over a decade of Real Estate accounting experience following her prior positions at Range Water, a large multifamily Developer & Manager with communities across the Southeastern and Southwestern United States. Stephanie’s responsibilities included direct oversight of over 70 multifamily communities and experience in growing a portfolio that developed and acquired in excess of $5 billion in assets. At Spandrel, Stephanie is responsible for overseeing the accounting operations of the firm, production of financial reports, maintaining the system of accounting records as well as review of partner financial reporting requirements and compliance.
Stephanie graduated from University of North Georgia with a Bachelor of Business Administration Degree in Accounting.
Emanuel D. Neuman, Co-Founder of Spandrel Development Partners, LLC oversees the firm’s investment strategy, deal origination, transaction underwriting and community engagement. Prior to co-founding Spandrel in 2013, Emanuel spent over a decade of experience in investment banking, investment management and business operations.
Throughout his career, he has advised and invested in transactions valued at more than $1 billion. At Spandrel Development, Emanuel leverages his financial expertise and long-standing relationships to filter, analyze and finance the company’s projects. Prior to the launch of SDP, Emanuel was Co-Portfolio Manager at Unterberg Capital LLC, a long-only investment fund named as one of 2010’s “Top Performers” by Bloomberg. In this role, he managed the fund’s launch, originated and evaluated portfolio positions, conducted extensive industry research and due diligence, created and maintained strong relationships with company management teams, and managed outreach to buy-side and sell-side analysts.
Previously, Emanuel was Vice President in the investment banking division at Collins Stewart, LLC (formerly C.E. Unterberg, Towbin LLC), where he led the origination, execution and marketing of a wide range of public and private equity offerings and M&A transactions. Earlier in his career, Emanuel was VP of Global Operations at FN Holdings in Moscow, Russia. His responsibilities there included global operation of the four divisions within the holding company, management of the 1,000-person workforce and day-to-day operations, and structuring of private equity investments.
Emanuel received his Bachelor Of Science Degree In Accounting from Babson College.
Ben Scharf, Managing Director of Acquisitions, rejoined Spandrel Development Partners, LLC in 2019 after previously working as an Analyst at Spandrel in 2017 while completing his Master’s degree.
At Spandrel Development Partners, Ben is responsible for underwriting investment opportunities and performing market due diligence for new development opportunities in both existing and new markets. He works directly with the firms’ Principals in sourcing and structuring financing throughout the capital stack as well as staying an active member throughout the development process.
Prior to joining Spandrel Development Partners, Ben worked as an Analyst at Tishman Speyer. At Tishman Speyer, Ben was primarily focused on asset management of the 7+ million square foot Rockefeller Center. In this role, Ben was responsible for performing asset valuations for partners, underwriting the financial feasibility of hundreds of millions of dollars of capital improvement projects, and underwriting large-scale lease transactions in excess of 100,000 square feet. Prior to Tishman Speyer, Ben worked at Ackman Ziff in their debt and equity advisory business underwriting office, retail, and multifamily transactions across the US. Ben started his career as an Investment Banking Analyst at PJ Solomon where he was focused on M&A and restructuring transactions.
Ben received his Master’s of Science in Real Estate Finance with distinction from New York University’s Schack Institute of Real Estate. Ben graduated cum laude and with high honors from Duke University with a Bachelor of Arts Degree.
Jay Deng is an associate with a focus on acquisitions and development. At Spandrel, Jay supports acquisition underwriting, due diligence functions, and participates throughout the development process.
Prior to joining Spandrel, Jay worked as an Architectural Designer at Petroff Partnership Architects where he primarily focused on the development of large retail and industrial projects such as Upper Canada Mall, Fairview Park Mall, Fairview Park Mall Office Buildings, and Industrial Distribution Centers for Prologis. Prior to Petroff Partnership Architects, Jay worked at KPMB Architects where he supported the design development of several institutional projects including Smith College Alumnae and Oakville Centre of Performing Art. Jay received his Master’s of Science in Real Estate with distinction from New York University’s Schack Institute of Real Estate. Jay graduated with high distinction from University of Toronto with a Bachelor’s Degree in Architectural Studies.
At SDP, Mr. Levine is responsible for overseeing project budgets, design feasibility, marketing and branding efforts, corporate and project insurance review and procurement, lender relations, construction process, procurement, and oversight as well as preparing requisitions and financing contingencies for investors and financial institutions. Prior to co-founding SDP, Mr. Levine spent 16 years with RAL Companies and Affiliates, LLC as Chief Financial Officer and Chief Operating Officer as well as CEO and President of Spandrel Property Services, Inc., RAL’s affiliated property management and brokerage firm.
At RAL Companies And Affiliates, LLC a developer of luxury apartment, condominium and resort communities nationwide, Mr. Levine provided asset management, operational and financial oversight of multiple mid and large-scale projects which included such projects as Tower 270 Condominium in Tribeca, New York, the Franklin Tower in Tribeca, New York, Loft 25 Condominium in Chelsea, New York, One Brooklyn Bridge Park Condominium in Brooklyn, New York, the New Yorker Condominium, New York, New York as well as The Inn At Lost Creek in Telluride, Colorado.
Mr. Levine has been a member of the International Council of Shopping Centers, the New York Association of Realty Managers, the Real Estate Board of New York and the Institute of Real Estate Management. Mr. Levine received a Bachelor of Science Degree in Business Administration from Babson College.
Emanuel D. Neuman, Co-Founder of Spandrel Development Partners, LLC oversees the firm’s investment strategy, deal origination, transaction underwriting and community engagement. Prior to co-founding Spandrel in 2013, Emanuel spent over a decade of experience in investment banking, investment management and business operations.
Throughout his career, he has advised and invested in transactions valued at more than $1 billion. At Spandrel Development, Emanuel leverages his financial expertise and long-standing relationships to filter, analyze and finance the company’s projects. Prior to the launch of SDP, Emanuel was Co-Portfolio Manager at Unterberg Capital LLC, a long-only investment fund named as one of 2010’s “Top Performers” by Bloomberg. In this role, he managed the fund’s launch, originated and evaluated portfolio positions, conducted extensive industry research and due diligence, created and maintained strong relationships with company management teams, and managed outreach to buy-side and sell-side analysts.
Previously, Emanuel was Vice President in the investment banking division at Collins Stewart, LLC (formerly C.E. Unterberg, Towbin LLC), where he led the origination, execution and marketing of a wide range of public and private equity offerings and M&A transactions. Earlier in his career, Emanuel was VP of Global Operations at FN Holdings in Moscow, Russia. His responsibilities there included global operation of the four divisions within the holding company, management of the 1,000-person workforce and day-to-day operations, and structuring of private equity investments.
Emanuel received his Bachelor Of Science Degree In Accounting from Babson College.
Peter Cocchia brings more than 25 years of Chief Financial Officer leadership and financial management experience in both public and private construction and development companies. Peter was most recently the regional Chief Financial Officer of Tutor Perini Building Corp, a wholly-owned subsidiary of Tutor Perini Corporation (NYCE: TPC), one of the nations largest civil, building and specialty construction companies. Prior to Tutor Perini, Peter was Chief Financial Officer of Keating Companies, a large, diversified construction management and real estate development firm.
Peter is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and Pennsylvania Institute of Certified Public Accountants. He is also a Certified Construction Industry Financial Professional (CCIFP) and a member of the Construction Financial Management Association (CFMA). Peter earned a Bachelor of Science of Accounting from Villanova University.
Ben Scharf, Managing Director of Acquisitions, rejoined Spandrel Development Partners, LLC in 2019 after previously working as an Analyst at Spandrel in 2017 while completing his Master’s degree.
At Spandrel Development Partners, Ben is responsible for underwriting investment opportunities and performing market due diligence for new development opportunities in both existing and new markets. He works directly with the firms’ Principals in sourcing and structuring financing throughout the capital stack as well as staying an active member throughout the development process.
Prior to joining Spandrel Development Partners, Ben worked as an Analyst at Tishman Speyer. At Tishman Speyer, Ben was primarily focused on asset management of the 7+ million square foot Rockefeller Center. In this role, Ben was responsible for performing asset valuations for partners, underwriting the financial feasibility of hundreds of millions of dollars of capital improvement projects, and underwriting large-scale lease transactions in excess of 100,000 square feet. Prior to Tishman Speyer, Ben worked at Ackman Ziff in their debt and equity advisory business underwriting office, retail, and multifamily transactions across the US. Ben started his career as an Investment Banking Analyst at PJ Solomon where he was focused on M&A and restructuring transactions.
Ben received his Master’s of Science in Real Estate Finance with distinction from New York University’s Schack Institute of Real Estate. Ben graduated cum laude and with high honors from Duke University with a Bachelor of Arts Degree.
Stephen brings a wealth of expertise and experience to the Spandrel Development team as the Director, Design & Construction. With a remarkable background in real estate development and a distinguished career in architecture spanning over 20 years, Stephen is a vital asset to our organization. Stephen’s exceptional track record and passion for his craft make him an invaluable asset to our team. With his assistance, Spandrel Development continues to redefine the landscape of real estate development, creating exceptional spaces that enrich the lives of those who inhabit them.
Before joining Spandrel Development Partners, Stephen made significant contributions to national and private real estate development groups. His extensive experience includes working with award-winning architectural firms, where he played a pivotal role in shaping remarkable projects across various sectors. While at Elkus Manfredi Architects Ltd, he worked on diverse project types, ranging from multi-family residences and mixed-use developments to high-rise buildings, and institutional projects. While at Payette, he focused medical facilities, and research laboratories. His versatile skill set enables him to navigate the complexities of each project, ensuring excellence in design, functionality, and sustainability.
Stephanie Sosebee is the Controller at Spandrel Development Partners. Stephanie brings over a decade of Real Estate accounting experience following her prior positions at Range Water, a large multifamily Developer & Manager with communities across the Southeastern and Southwestern United States. Stephanie’s responsibilities included direct oversight of over 70 multifamily communities and experience in growing a portfolio that developed and acquired in excess of $5 billion in assets. At Spandrel, Stephanie is responsible for overseeing the accounting operations of the firm, production of financial reports, maintaining the system of accounting records as well as review of partner financial reporting requirements and compliance.
Stephanie graduated from University of North Georgia with a Bachelor of Business Administration Degree in Accounting.
Jay Deng is an associate with a focus on acquisitions and development. At Spandrel, Jay supports acquisition underwriting, due diligence functions, and participates throughout the development process.
Prior to joining Spandrel, Jay worked as an Architectural Designer at Petroff Partnership Architects where he primarily focused on the development of large retail and industrial projects such as Upper Canada Mall, Fairview Park Mall, Fairview Park Mall Office Buildings, and Industrial Distribution Centers for Prologis. Prior to Petroff Partnership Architects, Jay worked at KPMB Architects where he supported the design development of several institutional projects including Smith College Alumnae and Oakville Centre of Performing Art. Jay received his Master’s of Science in Real Estate with distinction from New York University’s Schack Institute of Real Estate. Jay graduated with high distinction from University of Toronto with a Bachelor’s Degree in Architectural Studies.