FIRM OVERVIEW

Axonic Properties LLC is a New York based investment advisor that manages private equity funds which invest directly in real estate. We target opportunistic investments in apartment complexes, single family homes, condominium units, commercial properties, land and non-performing notes.

FIRM OVERVIEW

Axonic Properties LLC is a New York based investment advisor that manages private equity funds which invest directly in real estate. We target opportunistic investments in apartment complexes, single family homes, condominium units, commercial properties, land and non-performing notes.

OUR EDGE

Axonic Properties LLC is a value-oriented owner, operator and asset manager of residential properties. We carefully select opportunistic real estate investments through a combination of entrepreneurial deal sourcing and quality underwriting. We focus on identifying assets with unrecognized value that present captivating investment opportunities versus generic market purchases with no value-add component. This serves to maximize returns and protect investor capital. Axonic Properties LLC works closely with property managers and contractors to implement business plans by converting the investment thesis into a reality. We can embark on complex transactions by repositioning assets, overseeing extensive capital improvements or taking advantage of inefficiency associated with a given asset.

Axonic Properties LLC is a value-oriented owner, operator and asset manager of residential properties. We carefully select opportunistic real estate investments through a combination of entrepreneurial deal sourcing and quality underwriting. We focus on identifying assets with unrecognized value that present captivating investment opportunities versus generic market purchases with no value-add component. This serves to maximize returns and protect investor capital. Axonic Properties LLC works closely with property managers and contractors to implement business plans by converting the investment thesis into a reality. We can embark on complex transactions by repositioning assets, overseeing extensive capital improvements or taking advantage of inefficiency associated with a given asset.

LEADERSHIP

CLAYTON
DEGIACINTO

Chief Investment Officer

Clay founded Axonic Capital LLC in 2010 and Axonic Properties LLC in 2016. As the Chief Investment Officer, he is responsible for investment direction of Axonic Capital and Axonic Properties LLC. Prior to forming Axonic Capital, Mr. DeGiacinto was responsible for building out the mortgage investment platform at Tower Research Capital LLC and was the Senior Portfolio Manager for Split Level LLC, the predecessor fund to the Axonic Credit Opportunities Funds. He previously led a mortgage trading desk in the Fixed Income, Currency and Commodities division at Goldman Sachs & Co. Mr. DeGiacinto’ s duties included the securitization and retention of bonds backed by adjustable rate and negatively amortizing residential mortgages. He was also responsible for running the RMBS credit book for all prime, alt-A and negatively amortizing structures. Mr. DeGiacinto previously served as a Captain in the U.S. Army in the 25th Infantry Division (Hawaii) after completing the U.S. Army Ranger School, Airborne School and Air Assault Course. He is a graduate of the United States Military Academy at West Point and holds an MBA from the Wharton School at the University of Pennsylvania.


JONATHAN
SHECHTMAN

Managing Principal

Jonathan serves as the Managing Principal for Axonic Properties LLC. Jonathan leads all investment selections and asset management for the firm. Jonathan is responsible for the strategic repositioning and business plan for each investment opportunity. Jonathan supervises oversight of property management related to each asset. Prior to joining Axonic, he co-founded two distressed real estate funds focused in Florida. Previously he was an asset manager for Meritage Properties. Jonathan received his BS in Business Management from Bucknell University.

Clay founded Axonic Capital LLC in 2010 and Axonic Properties LLC in 2016. As the Chief Investment Officer, he is responsible for investment direction of Axonic Capital and Axonic Properties LLC. Prior to forming Axonic Capital, Mr. DeGiacinto was responsible for building out the mortgage investment platform at Tower Research Capital LLC and was the Senior Portfolio Manager for Split Level LLC, the predecessor fund to the Axonic Credit Opportunities Funds. He previously led a mortgage trading desk in the Fixed Income, Currency and Commodities division at Goldman Sachs & Co. Mr. DeGiacinto’ s duties included the securitization and retention of bonds backed by adjustable rate and negatively amortizing residential mortgages. He was also responsible for running the RMBS credit book for all prime, alt-A and negatively amortizing structures. Mr. DeGiacinto previously served as a Captain in the U.S. Army in the 25th Infantry Division (Hawaii) after completing the U.S. Army Ranger School, Airborne School and Air Assault Course. He is a graduate of the United States Military Academy at West Point and holds an MBA from the Wharton School at the University of Pennsylvania.

Jonathan serves as the Managing Principal for Axonic Properties LLC. Jonathan leads all investment selections and asset management for the firm. Jonathan is responsible for the strategic repositioning and business plan for each investment opportunity. Jonathan supervises oversight of property management related to each asset. Prior to joining Axonic, he co-founded two distressed real estate funds focused in Florida. Previously he was an asset manager for Meritage Properties. Jonathan received his BS in Business Management from Bucknell University.

BRIAN
KENNEDY

MANAGING DIRECTOR

Brian joined Axonic Capital LLC in 2012 and is the Managing Director of Axonic Properties LLC. Brian oversees all financial aspects of the company and assists with the direction of investment activities for all assets. He is responsible for underwriting new opportunities, executing on property financing and disposition activities for each investment. Brian received his BS in Economics from Bucknell University and holds a MS in Accounting from the University of Tampa.


CASEY
SPELLMAN

ASSOCIATE

Casey joined Axonic Capital in 2015 as Transaction Coordinator, responsible for transaction management including coordinating real estate purchases and dispositions across all properties. Casey is also responsible for assisting with the firm's operations, due diligence functions, and serves as a relationship manager with the Axonic Properties LLC investors. Casey received her BA from University of North Carolina at Chapel Hill and holds a JD from Gonzaga University School of Law.

Brian joined Axonic Capital LLC in 2012 and is the Managing Director of Axonic Properties LLC. Brian oversees all financial aspects of the company and assists with the direction of investment activities for all assets. He is responsible for underwriting new opportunities, executing on property financing and disposition activities for each investment. Brian received his BS in Economics from Bucknell University and holds a MS in Accounting from the University of Tampa.

Casey joined Axonic Capital in 2015 as Transaction Coordinator, responsible for transaction management including coordinating real estate purchases and dispositions across all properties. Casey is also responsible for assisting with the firm's operations, due diligence functions, and serves as a relationship manager with the Axonic Properties LLC investors. Casey received her BA from University of North Carolina at Chapel Hill and holds a JD from Gonzaga University School of Law.

CHRISTOPHER
SULLIVAN

DIRECTOR

Chris joined Axonic Properties LLC in 2017 and is responsible for the accounting functions of the firm including preparation of the quarter-end fund NAVs for the funds and preparation of the investor allocation schedules. Chris also assists with the annual audit and tax filing processes. Chris received his BA in Economics from the University of Delaware and holds an MS in Accounting from the University of North Carolina at Chapel Hill Kenan Flagler Business School.


Chris joined Axonic Properties LLC in 2017 and is responsible for the accounting functions of the firm including preparation of the quarter-end fund NAVs for the funds and preparation of the investor allocation schedules. Chris also assists with the annual audit and tax filing processes. Chris received his BA in Economics from the University of Delaware and holds an MS in Accounting from the University of North Carolina at Chapel Hill Kenan Flagler Business School.