Ran Eliasaf

Founder and managing partner of Northwind Group, a Manhattan-based real estate private equity firm that has transacted billions in debt and equity investments across residential, commercial, senior living and healthcare properties; interviewed about commercial real estate, office-to-residential conversions and private credit.

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Oct 23, 2025 • 12min

Staying Bullish on Commercial Real Estate

Ran Eliasaf, founder and managing partner of Northwind Group, dives into the evolving landscape of commercial real estate. He discusses the surge in office-to-residential conversions in NYC, explaining the challenges and advantages of such projects. Eliasaf believes 2025 will be a standout year for private lenders, highlighting their speed and flexibility compared to traditional banks. He also tackles the impact of political factors on real estate values and stresses that expanding housing supply is key to addressing affordability issues.

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