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Cayuga Capital Management

Cayuga Capital Management (CCM) began as a collaboration between Jacob Sacks and James Wiseman, who founded the company in 2007 with the intention of approaching real estate development through steady planning and long-term value creation. Operating from New York City, the firm focuses on properties in Brooklyn and Texas. Its work includes acquiring real estate, overseeing development projects, managing daily operations, and handling both renovation efforts and new construction. From the outset, the partners have focused on shaping properties that serve communities with practical places to live, gather, shop, and conduct daily routines. Much of CCM’s history is tied to its work in Brooklyn, where the company has played a notable role in neighborhood transformation. Over the past decade, Cayuga Capital has developed more than 350 apartment units and nearly 450,000 square feet of commercial space. This presence has made the firm one of Williamsburg’s most prominent commercial developers and Bushwick’s leading residential operator. Through consistent investment, CCM has contributed to the shift from older industrial districts toward more mixed-use areas that support a growing population. One of the firm’s standout projects involved a collaboration with Vital Climbing Gym, a California-based fitness company. Cayuga Capital purchased a warehouse at 1 Nassau Avenue in 2017. The building, located near McCarren Park at the point where Williamsburg meets Greenpoint, was a century-old industrial structure that offered room for creative reuse. CCM identified the warehouse as a value-add opportunity and redesigned it to suit a specialized fitness tenant. The result was roughly 46,000 square feet of climbing areas, fitness facilities, and community spaces. When the building was sold in 2023 for $43.3 million, it became the highest-priced standalone climbing facility at that time. The project illustrated how an older warehouse could be repurposed to meet local demand. In Bushwick, Cayuga Capital contributed to early commercial momentum by redeveloping two factory buildings at 22–28 Wyckoff Avenue. The project created a 10,000-square-foot retail center offering an organic grocery store, a boutique wine shop, and a space suitable for restaurant or nightlife operations. This redevelopment helped bring new activity to an area that was beginning to attract both residential and commercial interest. Another Bushwick initiative involved redeveloping a 27,000-square-foot site that included a historic church, a former middle school, and adjacent vacant land. CCM converted the property into a 99-unit residential complex while maintaining the defining features of the church’s original design. Completed in 2017, the total project spanned 90,000 square feet and paired historic preservation with updated residential layouts. In Williamsburg, the company also completed the redevelopment of the Lewis Steel Building, a former 1930s steel factory. The 100,000sf building, located at 76 North 4th Street and stretching from Berry to Wythe Streets, was transformed into 83 loft-style residences and 20,000sf of retail. The project remains a recognized industrial conversion in the neighborhood. Outside of New York, Cayuga Capital has expanded its work into the Dallas–Fort Worth region of Texas. The firm believes in Texas’s long-term growth outlook. It has invested in developments such as pickleball facilities, data centers, daycare centers, and other commercial properties that draw steady use and support nearby residential areas. The leadership behind CCM reflects the combined experience of its two founders. Jacob and Jamie met in college before gaining experience in investment banking, private equity, and law. Jacob offers more than 20 years of experience in real estate investment, development, and operations. Before launching the company, he served as Vice President at U.S. Realty Advisors, LLC, overseeing $3 billion in assets, and earlier worked in investment banking at ING Barings’ Transportation & Logistics Corporate Finance Group. His academic background includes a B.A. in Economics and a Master of Engineering in Operations Research and Financial Engineering from Cornell University. Jamie serves as general counsel and principal, bringing more than two decades of real estate experience in New York and Texas. He oversees construction and development while sharing responsibility for acquisitions and investment strategy. Before co-founding CCM, he served as Associate General Counsel at Strategic Value Partners, where he oversaw legal and operational matters for more than $1 billion in global acquisitions. Earlier roles included practicing law at Debevoise & Plimpton LLP and Gibson, Dunn & Crutcher LLP. He holds a B.A. in Economics and Psychology and a J.D., magna cum laude, from Cornell University, where he was honored as a John M. Olin Scholar in Law and Economics.
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