JORGE MADRUGA AND MADDD EQUITIES partner with VERBENA MANAGEMENT
Verbena Management oversight of residential and commercial real estate and take responsibility for day-to-day repairs and ongoing maintenance, security, and upkeep of properties.
Our inclusions are…
The portfolio includes over 3,000 residential units, market, mid income and workforce affordable housing apartments with the support of The Wavecrest Management Team and Rose Associates, Inc. Additionally, it manages over 1 million square feet of commercial space and more than a dozen parking facilities located in the Bronx, Manhattan, Brooklyn, Queens and Long Island. Verbena Management’s goal is in providing quality housing to our tenants, by direct involvement and oversight in day to day operations. We have a vast commercial tenancy, with focus on the support to the community with such tenants as daycares, charter schools, medical facilities, gyms, non for profits and supermarkets.
What do we focus on?
Verbena Management was established on 2012 and it is the asset management of Maddd Equities and its partners like Jorge Madruga.
Jorge Madruga is the CEO and founder of Maddd Equities LLC, which is a real estate development and investment firm based in New York, particularly in the Bronx, Brooklyn, and Manhattan. Jorge specialize in acquisition of land and/or existing real property to develop commercial real estate, with a particular focus in developing affordable housing.
Verbena maintain a high standard of Housing quality, the physical conditions of a person’s home as well as the quality of the social and physical environment in which the home is located. Healthy homes promote good physical and mental health. Good health depends on having homes that are safe and free from physical hazards. In contrast, poor quality and inadequate housing contributes to health problems such as chronic diseases and injuries, and can have harmful effects on childhood development.
According to New York City, A “Quality Housing building” is a building, developed, enlarged, extended or converted, pursuant to the Quality Housing Program. The Quality Housing Program consists of specific bulk requirements set forth for Quality Housing buildings in Article II, Chapter 3 and Article III, Chapter 5.
For Jorge Madruga, in addition to preserving and producing affordable housing, maintain a high standard of Housing quality is very important. Forbes.com indicate that Affordable housing accounted for approximately 43% of New York City’s $3.91 billion in multifamily sales in 2Q 2023, according to Ariel Property Advisors’ Q2 2023 Multifamily Quarter in Review report.