ABOUT US

Camber Property Group is an emerging leader in NYC affordable and mixed income housing development.

CPG’s principals have deep experience in the development, construction and ownership of affordable and mixed income multifamily housing throughout the New York metro area. CPG combines the latest technology with strong design principles to build and rehabilitate buildings that will operate sustainably and cost effectively to stand the test of time.

Smart real estate development involves a series of interlocking decisions that have lasting effects on communities. At CPG, those communities are of paramount importance. All decisions – whether large or small – are made by paying careful attention to the causes and effects on the full spectrum of stakeholders, whether they are community members, institutions, government officials or investors.

At CPG We Believe:

  • Creativity and innovation generates superior benefits for all stakeholders
  • Thoughtful, quality design and responsible management leads to sound investments
  • Responsible citizenship in the short term opens doors in the long term

PRINCIPALS

 

Rick Gropper has over a decade of experience in real estate development throughout the 5 boroughs of NYC. At CPG, Rick focuses on sourcing and structuring transactions using his deep relationships with various partners including investors, lenders, the community and government. Prior to co-founding CPG, Rick was Development Director at L+M Development Partners, one of the largest and most prolific developers of multifamily housing in NYC. At L+M, Rick was responsible for the development and preservation of more than 5,000 units of housing totaling over $1 billion in total capitalization. Prior to joining L+M, Rick worked for a boutique adaptive reuse development firm based in New Haven, CT. He has an undergraduate degree from Connecticut College and an MS in Real Estate Development from Columbia University. Rick serves on the boards of Habitat for Humanity NYC, NYSAFAH 2G and the CHPC Strategic Impact Fund.

 

Andrew Moelis has experience in complex multilayered real estate financing as well as leveraging private sector resources to maximize public benefit. Andrew focuses on business plan execution at CPG, while simultaneously directing the firm’s overall investment and growth strategy. Prior to CPG, Andrew worked for L+M Development Partners where he focused on affordable housing preservation and market rate development. During his tenure at L&M, Andrew closed over 2,000 units of multifamily housing and worked on the development of a major 80/20 transaction in Manhattan. Prior to joining L&M, Andrew served as an Associate in Empire State Development’s Real Estate Development Group, coordinating the disposition of public sector assets in order to achieve maximum return in both dollars and community impact; and additionally, as an Analyst in Citigroup’s Public Finance Infrastructure Group. Andrew holds a B.S. from the University of Pennsylvania.

LEADERSHIP


 

Daniel Norelli
Chief Financial Officer & Chief Operating Officer
Daniel oversees finance, administration and investor relations at CPG. Daniel joins CPG after serving as the Director of Strategy & Finance for Trinity Wall Street. At Trinity, Daniel provided strategic management of the organization’s $6B endowment with a focus on financial strategy, risk management, operations and resource allocation. Additionally, Daniel oversaw the creation and execution of business plans for a 6 million sf NYC office portfolio, and executed over $3B of real estate transactions. Prior to Trinity, Daniel provided investment management solutions to institutional investors at Goldman Sachs, Credit Suisse and ISI Group. Daniel holds a B.S. in Mechanical Engineering from Lehigh University, a M.S. in Analytical Finance from Lehigh University, an MBA from the Wharton School, and is a CFA charterholder.


 

Karen Hu
Executive Vice President and Head of Development
Karen Hu has over a decade of experience developing affordable and luxury housing in New York City. She got her start in real estate at HPD, as a City Planner in the Bronx Planning Unit. She then worked at Phipps Houses as a development project manager on new construction multi-family deals in the South Bronx and Harlem. While she was at The Hudson Companies, she was the project lead on One Clinton, the redevelopment of the Brooklyn Heights Library into a luxury condominium project with the largest branch in the Brooklyn Public Library system. At CPG, Karen leads a team of deeply experienced professionals working on the whole range of development deals, from ground up multi-family new construction to the preservation of Section 8 and NYCHA PACT projects. Karen holds a B.A. in Art History from Williams College and masters in Real Estate Development and City Planning from M.I.T.

DEVELOPMENT


Jay Cengiz, Project Manager

Joanna Kandel, Project Manager

Joseph Ramos, Assistant Project Manager

Ryan Kaplan, Project Coordinator

ASSET MANAGEMENT


Andrew Dieckelman, Director


Michael Grillo, Associate


Elizabeth Theriot, Senior Analyst


Jozef Nikaj, Senior Analyst


Orion Schelz, Analyst

ACQUISITIONS


Mark Abramowicz, Senior Associate


Emily McLarney, Associate

CONSTRUCTION MANAGEMENT

Dan Rosenfeld, Project Executive

Bianca Vergara, Assistant Construction Manager

ADMINISTRATION


Nana Aboagye, Senior Project Accountant


Cynthia Bullock, Office/Human Resources Manager