Value. Creation.
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$11B+
Transaction volume
418
Properties
28
States
Founded in 2008, Northwind Group is a Manhattan-based real estate private equity firm investing across debt and equity through discretionary, closed-ended debt funds, co-investments and SMAs. The firm has successfully executed over $11 billion in real estate debt and equity transactions across more than 418 real estate and healthcare properties in 28 states across the U.S. Northwind has earned industry recognition for its performance and market leadership, including the Top 100 U.S. Commercial Real Estate Private Credit Firms by PERE Credit and the Commercial Observer Power Finance rankings in 2024, 2025 and 2026.
Northwind Group has two main credit strategies: the firm's Real Estate Credit strategy primarily provides first-position bridge financing secured by institutional-quality real estate in major U.S. markets, with a focus on residential and other transitional assets; and Northwind's Healthcare Credit strategy focuses mainly on bridge-to-HUD and acquisition financing secured by income-producing senior living and skilled nursing portfolios in select U.S. markets. Since launching its credit business in 2017, Northwind has built a strong record of disciplined underwriting and asset management, with zero principal losses to date. Northwind is powered by in-house technology and data infrastructure, giving our team deep, real-time market intelligence and AI-driven analytics that enhance deal sourcing, underwriting, and asset management.
“Anyone who doesn't take truth seriously in small matters cannot be trusted in large ones either.”
Albert Einstein
“Let unswerving integrity be your watchword.”
Baruch Spinoza
“You cannot attract investments unless you have transparency.”
Shimon Peres
Northwind has been in business for over 18 years and has evolved over the years into an institutional-grade fund manager.
Ran Eliasaf launches Northwind as a real estate asset manager under a leading multi-family office, focused on distressed debt acquisitions of grocery-anchored shopping centers.
Northwind expands into NYC development and value-add equity transactions, executing over the years a total of $2.3 billion of equity transactions.
Northwind makes its first healthcare investment in New York City and, over the years, executes healthcare equity transactions across 18 properties totaling 1,786 units.
Northwind recognizes the shift in risk-adjusted returns and gradually shifts its focus into credit investments, making its first loan in 2017 and executing over 100 credit transactions since.
Similar to its Real Estate Credit strategy, Northwind recognizes an opportunity in healthcare credit, originating its first healthcare loan in 2019 and over $1.3 billion in healthcare bridge loans since.
Northwind launches its first Real Estate Credit fund, raising $220mm in committed capital, capitalizing on its experience in Real Estate Equity and direct lending. In addition, Northwind successfully sold its largest equity position in NYC just before COVID hit.
Northwind launches its first dedicated healthcare credit fund, raising $276mm in committed capital.
Following the successful deployment of NDF I, Northwind launches its second Real Estate Credit fund, raising $326mm in committed capital.
Following the successful deployment of NHDF I, Northwind launches its second healthcare credit fund, raising $343mm in committed capital.
Capitalizing on the successful deployment of NDF I and NDF II, Northwind successfully raises NDF III, its third Real Estate Credit fund, with total capitalization of $1 billion.
Northwind surpasses $11 billion in U.S. real estate transactions across 400+ properties in 28 states.
A dedicated team of professionals with deep expertise in real estate credit, healthcare finance, asset management, and capital markets.