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.
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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.
