About us

Modern, affordable housing for students, professionals and families in the Capital Region

About Us

J&J Investment Properties is a boutique real estate investment company that operates a portfolio of multifamily and mixed-use assets in the Capital Region of New York State. In 2011, founders John Corallo and Justin Schmiemann (collectively, “J&J”), identified favorable trends within the off-campus student housing market in Albany, NY, and acquired, renovated, and stabilized a portfolio of 40+ multi-family properties focused on providing off-campus housing to the students at the University of Albany.

Upon refinancing the student housing portfolio in 2020, J&J leveraged its experience and network to build a non-student multifamily and mixed-use portfolio through the acquisition of numerous 6-20 unit buildings in the Capital Region.

Featured News Article

J&J Investment Properties was recognized in the Albany Business Review for its contributions to the community and for providing affordable off-campus housing to the students at the University of AlbanyApartments for students, working professionals, families, and others in the Capital Region

Our Mission

At J&J Investment Properties, we are committed to providing modern, affordable, and attractive housing for students, working professionals, and families in the Capital Region

Featured News Article

J&J Investment Properties was recognized in the Albany Business Review for its contributions to the community and for providing affordable off-campus housing to the students at the University of AlbanyApartments for students, working professionals, families, and others in the Capital Region

Meet the Founders

Justin Schmiemann

Born in Carle Place, NY, Justin Schmiemann graduated with honors from Quinnipiac University in 2009 with a degree in finance. Upon graduation, Justin began his career working in leveraged finance where he structured and underwrote private equity sponsored middle market leveraged buyouts for various banks in NYC for over 10 years, while he simultaneously built J&J Investment Properties. Justin’s role at J&J focuses on sourcing and acquiring new properties, leasing, marketing, maintaining bank relationships, and the general operations of the portfolio. Justin maintains a seat as a board member for a Texas based private equity firm, and is actively involved in investing J&J’s capital into new ventures.

John Corallo

Born in Carle Place, NY, John Corallo graduated from SUNY Albany in 2009 with a degree in finance. Upon graduation, John began his career in the commercial insurance industry sourcing and underwriting commercial insurance policies. With a strong background in construction, he simultaneously built J&J Investment Properties where his role primarily focuses on multifamily construction / development, and the day-to-day operations of the portfolio.

Why Choose Us

At J&J Investment Properties, we are committed to providing upscale, safe, and affordable housing for the students, working professionals, families, and many others in the greater Albany, NY area

Professional Management

Our properties are managed through our in-house property management company in order to maintain strong relationships with our residents

Focus on
Quality

We emphasize quality workmanship across our portfolio of properties to enhance the experience of our residents

Competitive Pricing

Our rental rates are among the most competitive in the area

Communication

We pride ourselves in our ability to communicate with our residents in a timely manner to resolve any issues that may suddenly arise during a tenancy

Why Choose Us

At J&J Investment Properties, we are committed to providing upscale, safe, and affordable housing for the students, working professionals, families, and many others in the greater Albany, NY area

Professional Management

Our properties are managed through our in-house property management company in order to maintain strong relationships with our residents

Focus on
Quality

We emphasize quality workmanship across our portfolio of properties to enhance the experience of our residents

Competitive Pricing

Our rental rates are among the most competitive in the area

Communication

We pride ourselves in our ability to communicate with our residents in a timely manner to resolve any issues that may suddenly arise during a tenancy

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Apartments for students, working professionals, families, and others in the Capital Region

Contact

Phone Number

Mobile:  (516) 672-8754
Email: jandjip@jandjip.com

Hours of Operation

Monday – Friday: 9am to 5pm (EST)

Our Address

J&J Investment Properties LLC
69 State Street
Suite 1307 / Box 4
Albany, NY 12207

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