Bhatia Development Organization Information

We are a boutique real estate development, investment, and management firm with 40+ years experience in creating new opportunities. Bhatia Development Organization (BDO) is a privately-held, self-capitalized real estate development, investment, and management firm that has created over $1BN of real estate value. Since 1980, BDO has contributed to New York’s iconic skyline and neighborhoods with its thoughtful approach to design, hands-on management style, and dedication to partner and tenant satisfaction. The firm specializes in the investment and full-lifecycle development of ground-up luxury condominiums, adaptive reuse in historic districts, value-add multifamily, and high-end dormitory housing. In 2001, BDO expanded its focus to student housing, and has successfully developed just under 2,000 beds across five dormitory properties. The innovative service and amenity-driven living spaces in Manhattan are directly leased to prestigious universities such as The New School and Marymount Manhattan College. In 2022, the firm expanded its footprint to the Southeastern United States with multifamily acquisitions in Virginia Beach, VA. The firm’s portfolio includes award-winning, iconic high-rise luxury residential developments in New York City such as The Strand, The Dunhill, The Whitney, The Stanford, and the ultra-luxury 139 Wooster Street in SoHo’s Cast Iron Historic District. In total, BDO has developed over 2,000 luxury condominiums, co-ops, and rental residences. In the mid-1990’s, AIB Management Corporation was formed and has performed top-tier asset management of sponsor units on behalf of investors, partners, and the Bhatia Family with a cumulative value of $175 million.