Ansonia Properties is a real estate firm specializing in the development and repositioning of income-producing properties in urban infill locations. With over 25 years of experience, our strength lies in the broad range of skills and knowledge we employ to identify and create value. In every project, our work is informed and guided by our background in construction, development, market analysis, property management, institutional lending, equity partnering, and asset management. We pride ourselves on being hands-on, detail-oriented, and conscientious, and we demand the same high standards from those we work with.
We have a particular expertise in multi-family housing, with experience in developing, owning, and operating every product type including walk-ups, garden apartments, mid-rise, and high-rise properties. We own and operate affordable housing subsidized under a variety of government programs, as well as middle market and luxury rental properties. We also have experience in developing and marketing for-sale housing. In all, we have participated in the development of over 2,700 residential units, and have been involved in transactions representing more than 6,000 residential units.
Barclay C. Welch
Barclay C. Welch has a unique combination of entrepreneurial and institutional real estate expertise. In a career spanning more than 20 years he has directed an opportunistic equity investment fund, made loans on behalf of a large insurance company, presided over a sizable property management company, and operated a small construction business. He has also directed the planning and development of several 100+ unit residential and mixed-use properties in urban infill locations.
Prior to forming Ansonia in 2002, Mr. Welch managed a $50 million private real estate equity fund that produced average annual returns in excess of 25%. Under Mr. Welch’s direction, the fund made direct investments in commercial and industrial properties, specializing in repositioning underperforming assets. In addition, the fund also made equity investments in multi-family, hotel, industrial and office properties. Mr. Welch’s responsibilities included structuring and negotiating each transaction, as well as underwriting, due diligence and asset monitoring.
During that period he was also the chief operating officer of Lowe Management and Construction Company, which operates more than 500,000 square feet of commercial property in low-rise, mid-rise and high-rise buildings. He was personally responsible for all aspects of property operations, leasing, budgeting, capital projects, financing, accounting and personnel. The portfolio of seven buildings was operated by a staff of 10 under Mr. Welch’s direction.
Mr. Welch received a Bachelor of Arts degree in English from Connecticut College, and a Masters of Business Administration degree from the University of Connecticut.
Robert A. Kaplan
Robert Kaplan has more than 20 years experience financing, developing, marketing and operating real estate, with a particular focus on housing and mixed-use properties that contain a commercial component. Mr. Kaplan has participated in the development of more than 4,500 residential units, and his expertise spans both rental apartments – market rate, government-assisted, and mixed income – as well as for-sale luxury condominiums. His product portfolio is similarly broad, and includes everything from walk-up apartments to renovated lofts to luxury high-rise rentals.
Prior to founding Ansonia Properties in 2002, Mr. Kaplan was a founding principal of Everest Partners, where he was responsible for all facets of the acquisition, financing, operation and marketing of projects undertaken by the firm. Notable among them was the acquisition of a non-performing mortgage note on a downtown Chicago high-rise, which interest was ultimately converted to ownership of the property as part of its successful repositioning. Also significant was the adaptive re-use of the Florsheim Shoe Company headquarters office into the first residential condominium in Chicago’s Loop, now known as Metropolitan Place.
Previously, Mr. Kaplan was President of Ark Properties, Inc. The company was engaged in transactions valued at more than $100 million as a development principal, provider of turnkey development services, and as an advisor to both non-profit and for-profit owners in the structuring and placement of equity and debt financing. The company specialized in structuring layered financing, characteristically including a mix of private and public funding sources.
Mr. Kaplan received a Master of Business Administration and a Master of Arts in Public Policy, both from the Wharton School of the University of Pennsylvania. He received a Bachelor of Arts degree magna cum laude from Tufts University.