The Company
Background
Founded by Jeremy Fogel, Ned Kaplin and Eric Knopping, Ironwood Property Group, LLC has been successfully developing commercial real estate in the 50-mile radius of Philadelphia since 2003. With backgrounds in real estate finance and development, the principals initially focused on acquiring and redeveloping existing, underperforming assets. The firm expanded into large-scale ground-up commercial developments, including several “power centers” anchored by large national retailers, and eventually into multi-family and other forms of residential development. In late 2022, Eric and his family moved to Colorado and withdrew from the firm. Jeremy rebranded the company as Ironwood Real Estate, LLC and the firm continues to seek opportunities to add value in the commercial real estate industry, through acquisition, development and 3rd-party consultation.
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(215) 266-7996
Jeremy is a founding member and principal of Ironwood Real Estate, LLC. He is involved in all phases of real estate development, including financial analysis, land acquisition, securing permits and approvals, site design, leasing, finance, construction and sales. As part of the Ironwood team, Jeremy focuses on the ground-up development and redevelopment of a wide range of real estate projects, from single-tenant retail buildings, shopping centers and power centers, to residential and mixed-use projects.
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Jeremy has over twenty-five years of experience in the real estate and finance industry, previously serving as an analyst for the Alexander Vacca Company (Office Development), analyst for Viking Graham (Mergers & Acquisitions), CFO & COO for Fameco Real Estate (Retail Brokerage) and Executive Vice President & Principal for The Goldenberg Group (Development). He has coordinated and developed a wide range of retail, residential and mixed-use projects, comprising more than 4.5 million square feet of real estate, valued at more than $650 million.
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Jeremy graduated from the Pennsylvania State University, Smeal College of Business in 1993 with a B.S. in Finance. He serves on the Philadelphia Executive Board of Directors of the Anti-Defamation League, Executive Board of Directors of Jewish Federation Real Estate (JFRE) and is past Chairman of the Real Estate and Finance division of the Philadelphia chapter of The State of Israel Bonds. Jeremy and his wife Cindy reside in Bryn Mawr, Pennsylvania and have three children.
Philosophy
Each of the principals at Ironwood has extensive experience in the real estate industry and has an understanding of all aspects of the real estate business. Yet the background of each principal comes from a specific area of focus within the industry and each principal manages those efforts within the Company.
Ironwood limits the number of transactions it is working on at any time to ensure that every transaction receives the optimum focus and has the highest likelihood of success. Each of the principals is involved in every Ironwood transaction on a daily basis. All aspects of each project are managed by the Ironwood team, ensuring that they are handled in the most efficient and effective manner possible.
Ironwood’s direct, hands-on approach allows the Company to succeed in a very competitive environment. All decisions are made timely and directly by the principals, and the lack of a bureaucratic process allows Ironwood to work more quickly and efficiently then larger development companies. Long-standing relationships and depth of experience within each facet of the business makes Ironwood more effective then many smaller development companies.
Ironwood is successful, in part because it invests so many resources into each transaction. The principals enjoy getting involved at the local level, building relationships with the Township, County and other municipal officials that are involved in the approval process. These relationships are based on a mutual respect, and often turn into long-term friendships.
Ironwood will only focus on projects where it can apply its expertise and add tangible value. We focus on every aspect of a project and work to maximize value for everyone involved:
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Below-market acquisitions by identifying off-market, distressed sites and/or difficult assemblages
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Resolution of physical issues such as environmental contamination, traffic congestion and site conditions Identifying common ground to facilitate permitting for contentious projects
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Construction savings from design efficiency and lower cost solutions
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Increased income from design efficiency and market comparable knowledge
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Financing savings from broad lender relationship pool, creative financing and track record of success
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Identifying and securing “alternative financing” from public and private sectors
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Cost savings from project professionals that discount to achieve higher volume clients
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First-class construction and operations to retain value over time for the occupants, investors, municipalities and neighbors