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Borough Equities is an owner, operator and developer of residential and commercial real estate. Additionally, Borough Equities acts as the construction manager for certain projects. From adaptive reuse and repositioning of existing assets to ground-up development, the Company leverages proven expertise and a diverse set of capabilities to achieve superior risk-adjusted returns.

As a vertically integrated real estate owner and developer, Borough Equities manages all aspects of its projects and acquisitions, from sourcing, underwriting, budgeting, financing and development management, to ongoing construction and property management.

Borough Equities pursues opportunistic real estate investments using an entrepreneurial approach, a fully integrated platform and extensive relationships to acquire, develop, reposition and operate real estate. The investment approach focuses on ground-up development and repositioning opportunities in assets with significant value-add potential and calculated downside risk.


Who We Are

Co-Founder

Michael Bauer

Co-Founder

Mr. Bauer has over 10 years experience as a real estate finance professional and has worked on over $45B of deals throughout his career. Mr. Bauer is responsible for sourcing and negotiating all transactions, as well as structuring the capital stack.

Prior to launching Borough Equities, Mr. Bauer was the CFO at Princeton Holdings, an investment firm in NYC, where he was responsible for all aspects of transactions including underwriting and due diligence components for acquisitions and dispositions and implementing tax strategies. He also participated in negotiations, particularly with sellers, JV partners, investors and lenders.

Prior to Princeton, Mr. Bauer was a Director in the Real Estate Advisory Group at FTI Consulting (NYSE: FCN), where he worked on domestic and international engagements including acquisitions, diligence, financial underwriting, valuations, restructuring, portfolio and operational optimization, master planning and land use, and market and economic feasibility. Specifically, Mr. Bauer worked on the restructuring and optimization of a global portfolio valued over $40B (Lehman Brothers), master planning and land use strategies for international re-development sites over 6,000,000 square feet and $1B (Jeddah, Saudi Arabia), and the acquisition advisory for over 5MM square feet of hospitality, commercial, and retail (various).

Prior to FTI, Mr. Bauer was an Accounting Manager at Apax Partners, a global private equity firm, where he was responsible for the complete administration and financial reporting for over 15 funds, containing over $1B in assets, on both a US GAAP and Tax Basis.

Mr. Bauer is a Licensed Real Estate Broker in New York and has previously held licenses as a Certified Public Accountant as well as an Attorney in New York and New Jersey.

Co-Founder

Emanuel Kanaris

Co-Founder

Mr. Kanaris is an experienced builder and developer in the New York Metropolitan area with 30 years of construction knowledge. He has orchestrated complex construction, rehabilitation, and development operations as a principal and for other major New York firms. Mr. Kanaris spearheads new construction and development opportunities and partnerships for Borough Equities.  

Recent Projects under his management have had construction budgets ranging from $5 to $75 million. Among all his roles, Mr. Kanaris has been a site project manager for public and private construction and renovation projects, in charge of planning, scheduling, budgeting, and all other construction process activities. He takes an active role in the pre-development phase, with a focus on building quality and innovative housing that is attractive, energy efficient and eco-friendly, taking a direct approach to monitoring and reviewing daily construction progress.

Director of Operations & Construction

Pantalis Aslanis

Mr. Aslanis has over 13 years of financial and construction experience. Mr. Aslanis oversees all project managers and employees including field personnel. He is also responsibly for the day to day operations and accounting for Borough.

Mr. Aslanis began his career in retail banking and subsequently moved into construction. He worked for a Local 3 Electrical Contractor as a project manager and accountant while working on projects involving various City and State agencies from NYC School Construction Authority, Dept. of Design & Construction, and NYC Housing Authority. Mr. Aslanis then moved to a privately held real estate and hospitality group overseeing a real estate portfolio consisting of over 15 commercial buildings throughout the tristate area. Mr. Aslanis graduated from St. John’s University with a BA in Social Sciences & an MBA in International Business Management.

Senior Project Manager

Donna Hill

Senior Project Manager

Mrs. Hill has over 18 years of construction experience. She ensures that our staff operates in conformance with established project directives, policies, procedures, instruction, guidelines, and the levels of quality, while maintaining control of scope, cost, and schedule. She is responsible for overseeing and coordinating project specific work from the design phase through construction start-up and completion.

Mrs. Hill has held senior roles at TRM Contracting and HRH Construction where her she has worked on over $300MM of construction projects including JC Penney, Scholastic Inc., Stratosphere Hotel & Casino, City Center White Plains and the African Burial Ground Memorial in NYC.

Senior Project Manager/Chief Estimator

Salem Darrow

Ms. Darrow has over 30 years of construction experience. She started her career in heavy landscape before training with the United Brotherhood of Carpenters and Joiners on the west coast, where she was involved in building dams, bridges, high-rises and mid-rises with UBC Local 131. As a trained Civil and Commercial Carpenter, she has extensive experience in project management and estimating, working on large scale paper mills, higher education and arts facilities and aviation projects. Along with a billion dollar project management portfolio, she is also well versed in 3D modeling for take-offs, scanning for BIM and zero-energy, and passive house design.

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