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DHA Capital partners split as Josh Schuster goes solo

Silverback Development will target ground-up and adaptive reuse projects

Josh Schuster,  DHA Capital,   the real deal

 

 

One of investment firm DHA Capital’s two principals has jumped ship to start his own shop.

Josh Schuster has launched Silverback Development, which will focus on ground-up development and adaptive reuse opportunities in New York and other gateway markets. The company secured an initial $50-million capital investment from a high-net-worth individual as well as an unidentified institutional backer, Schuster said.

At DHA, Schuster worked on a series of residential projects, including 50 Clinton Street, 535 West 43rd Street, 12 East 13th Street and 75 Kenmare Street.

 

Read the full story at The Real Deal, by Katherine Clarke

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