SKY RE PARTNERS

SKY RE PARTNERS

Sky RE Partners was founded by Alex Dembitzer, a former managing director at Bear Stearns and JPMorgan who later ran commercial real estate debt strategies at DRA Advisors. The firm launched to provide bespoke transitional lending to sponsors operating in dislocated or underserved segments of the commercial real estate market. Dembitzer built the firm on the thesis that post-crisis banking regulations permanently constrained institutional bridge lending, creating a durable origination advantage for agile, non-bank platforms that could underwrite cash-flow transition stories directly. The firm originates senior bridge loans, mezzanine financing, and preferred equity across multifamily, office, retail, and industrial assets in primary and secondary U.S. markets, with a particular focus on properties undergoing renovation, lease-up, or rezoning. Sky RE Partners holds its originated debt on balance sheet rather than distributing it to a syndicate, which allows it to execute and close within shorter timeframes than club or bank-led facilities. The credit book spans New York, New Jersey, Florida, and the broader Eastern Seaboard, with an opportunistic willingness to examine complex situations in secondary markets that institutional lenders overlook. The firm does not operate as an open-end fund; it structures each investment as a separate, purpose-built vehicle aligned with the tenor of the underlying loan. Team details remain closely held, though the firm operates from its New York headquarters. There is no disclosed philanthropic entity or operating-company vehicle adjacent to the credit platform. In March 2023, the firm's founder participated in a panel on private credit at the PERE Global Investor Forum, reaffirming Sky RE Partners' focus on originations in the $10 million to $50 million loan segment where bank pullback was most acute. Sky RE Partners' structural differentiator is its hold-to-maturity, balance-sheet lending model inside a real estate debt market dominated by fund vehicles with defined harvest windows. By avoiding fixed-duration fund lifecycles, the firm can price and hold loans across cycles without the forced rotation pressure that shapes decisions at larger real estate debt managers. This architecture originates from Dembitzer's experience on both sides of the credit table — as a senior lender at banks and as an allocator inside an institutional manager — and produces a credit book designed to harvest spread income rather than asset-management fees or exit-based promotes.