AST Development has been in business for 35 years, but as of this week the company is now called AST.
On March 29, the Lavallette-based boutique real estate company unveiled its new branding, which it says marks the next phase in AST’s evolution “as a leader in creating and improving value across all asset classes and locations, creating unique opportunities for positive long-term results. change in local communities. As part of this evolution, the company announced that it will align its development and value-added capabilities with its subsidiaries AST Financial and AST Realty to create a fully integrated development, finance and real estate platform.
To coincide with the new name and strategy, the company also launched a new website.
“We have been guided by an unwavering commitment to bringing transformative development projects to local communities for more than 35 years,” AST Founder and Chairman Robert D’Anton said in a statement. “While developing and acquiring commercial real estate for our own portfolio will always be at the core of our work, our continued diversification has enabled us to better leverage our experience to help our partners succeed as well.
“With our new identity, we are now able to bring all of our services under one umbrella and better capitalize on opportunities to create value in an increasingly complex commercial real estate market,” he added. .
All together now
AST’s independent development arm takes a “builder-first” approach, the company said, to developing development and acquisition opportunities. According to the company, throughout its history, AST has been responsible for more than $1 billion in development and investment activity across multiple asset classes in the northeast and southeast states. -United.
AST Financial, a fully integrated lending platform, extends construction, bridge financing and preferred equity through direct investment programs to lenders developed “by builders for builders”. According to the AST, the unit has provided funding valued at more than $20 million since its launch in 2015.
Working with the financial side, AST Realty is a brokerage model that offers the builder community services designed to add value throughout the construction process.
“Our expertise in development, finance and real estate has enabled us to serve as a trusted real estate partner for some of the region’s most successful transformational projects,” said Director Shane Soranno. “We look forward to building on our success as we enter this exciting new phase of our business growth. »