Nessel Development began investing in real estate in 1999. Since then, it has been involved in all aspects of asset management, including new construction, property renovation, financing and day-to-day onsite responsibilities.
Nessel owns 7 office buildings in New Jersey totaling 675,000 SF, 155,000 SF manufacturing facility in Connecticut, 100,000 SF office building in Kentucky, a 65,000 SF grocery store in Wisconsin, and 4 Retail buildings totaling 40,000 SF in Texas. Nessel is focused on growing its Office holdings in New Jersey, due to the stable returns and New Jersey’s commitment to supporting green investments through energy incentives. It is currently a general partner in three multifamily properties in Texas consisting of 1,100 apartments, 260 of which Nessel is the managing partner and majority owner.
Nessel Development is the real estate arm of the Mobius organization.
More information on Mobius can be found here.
The past three years has focused on dispositions of multi-family assets while looking for more conservative places to redeploy funds. We have found that carefully selected Office, Flex and Industrial properties can provide the safety and yield we require. We are developing deep experience in these sectors, as well as in solar panels installations. The majority of our purchases have weighted average lease terms in place of 5+ years, leased to credit tenants.
Environmental sustainability is a core component of Nessel’s mission. The firm efforts to incorporate various green practices into its properties. Moreover, Nessel firmly believes in sharing the financial success of its efforts with the community. Nessel strives to donate a significant portion of its adjusted gross income to deserving charities and causes each year. Thus, Nessel Development seeks to make the world a better place through both a process and a product orientation.
After an epiphany in 1997 changed the way Ari related to food, his heart opened up to the impact every person’s life has on countless beings and the world at large. Soon after this insight, Ari had a vision of himself attaining his worldly goals & dreams, yet left feeling empty inside. This led him to ground his life into practices such as mindfulness, compassionate eating, philanthropy, service and transformational entrepreneurship. Recent projects include:
- Hosting a five-day silent meditation retreat for leaders in animal advocacy, and a follow up workshop.
- Founding the Pollination Project, which has made 2,500+ seed grants of $500 to $5,000 in over 100 countries to passionate individual change-makers working in areas such as environmental sustainability, social justice and community health/wellness.
- Co-creating a retreat center in Marin County for Service Space, a 500,000-person strong volunteer-led service group that aims is to ignite our fundamental generosity in ways that create both inner and outer transformation.
- Founding 50by40.org, a very recently launched effort which seeks to create the causes and conditions for a 50% reduction in global industrialized meat production by 2040 through building a broad coalition of leaders, NGOs and movements.
- Redeveloping thousands of apartment units such that they are carbon-neutral, water-efficient, and support the well-being of the staff who oversee them.
- Coaching his kids’ soccer team
Ari actively experiences the challenges of being a modern-day yogi, and the delusion that life can be compartmentalized into separate boxes such as family, work, service, health and spirit. He remains constantly challenged to live his life in alignment with his values, and to utilize the numerous privileges he has been given to turn seeds into blossom and blossom into fruit.
Birju Pandya focuses on the nexus of finance, systems evolution and inner transformation. He has been involved in the Mobius ecosystem since 2014.
Birju has years of experience working in the investment world, towards creative uses of capital and designing for emergence. He also has spent years developing mindfulness-related approaches to support individual/collective human development within business.
Birju has worked with organizations including Armonia (Regenerative Investing), RSF Social Finance (Integrated Capital), ServiceSpace (Gift Ecology), and McKinsey & Company. He has a Bachelor’s from Arizona State and an MBA from Columbia Business School.
Birju’s roles in life include volunteer, husband, father, friend, colleague. He is the son of first-generation Indian immigrants, and lives with his family in Berkeley, CA. A few values that Birju holds dear – authenticity, vulnerability, gratefulness, compassion, equanimity.
As Chief Abundance Officer of Mobius, Daniel Rachman is responsible for managing the finances of its real estate portfolio, as well as finding new investments to grow the organization’s capital. The more money it makes, the more of an impact it can make on social causes.
Prior to joining Mobius, Daniel was a Relationship Manager for Wells Fargo in their Dallas and San Francisco Commercial Real Estate lending groups, where he was involved in originating debt for local developers. During his seven years with the company, he helped finance over $2Bn of projects.
Daniel earned an undergraduate degree in Finance with a Real Estate concentration from the Red McCombs School of Business at UT Austin. Daniel earned his MBA from The Hass School of Business at The University of California, Berkeley. Daniel strives to be an ethical vegan, but can be caught eating cheese behind closed doors. He’s also a proponent of stoicism and effective altruism.
Jeff is the head of all things construction. He began working in commercial real estate construction in 1992, and has since led the rehab of nearly 20,000 doors. Jeff understands that all construction problems are solvable and prides himself on coming up with durable, creative, and efficient solutions. Jeff is originally from Montana, where he was imprinted with an indelible love of nature. He travels back each year to go hiking, sleep under the stars, and bathe in 40 degree waters.
Wendy is certified in plant-based nutrition and is a registered yoga instructor that works closely with our properties on sustainability projects such as permaculture and energy conservation. She also coordinates on-site yoga classes and plant-based cooking classes for our residents. Wendy’s passion lies in finding ways our properties can do the most good — for our people, the planet and the animals.
Thomas is responsible for sourcing and underwriting new acquisitions, and uses his keen design eye to craft the renovations of the office buildings. He started his career in public accounting performing audit and tax work for hedge funds and private equity funds. He subsequently spent 3 years in the mortgage banking industry at Caliber Home Loans. Prior to joining Nessel, Thomas spent a year in private equity working for Independent Bankers Capital Fund, focusing on mezzanine lending and purchasing equity securities issued by lower and middle market companies. Thomas has undergraduate degrees in Accounting and Economics, a Masters degree in Accounting, and a MBA in Finance and Real Estate from the Cox School of Business at SMU.
Erin oversees the real estate portfolio utilizing a combination of problem-solving and relationship building with our partners, vendors and tenants.
Prior to joining Nessel, Erin was Asset Manager for Somerset Properties where she was responsible for over 200 tenants and 1.5 million SF of their office portfolio. Prior to that role, she worked with Liberty Property Trust. She is an accomplished real estate professional with over 10 years of experience in leasing, dispositions, marketing and property management in the New Jersey area. Erin holds a bachelor’s degree from the University of Rhode Island and is a licensed Real Estate agent in New Jersey.
Erin’s passion lies in fitness and parenting. You can find her running marathons and competing in triathlons as well as spending time on the soccer, lacrosse, baseball, tennis, and basketball courts with her 5 children.