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About Us
J&J Investment Properties focuses on providing modernized, affordable, and attractive housing to the students, working professionals, families and others in the Capital Region
TOTAL PROPERTIES
50+TOTAL RESIDENTS
400+UNITS
190+
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. To date, J&J has amassed a portfolio of over 190 units with no investor capital and manages all properties in-house under the brand J&J Investment Properties, which serves as the property management business for the assets owned by J&J.
Why Choose Us
Professional Management
We manage all of our properties in-house through our talented team of administrative and maintenance professionals that have over a combined 80 years of experience managing properties.
Upscale Apartments
We focus on acquiring distressed properties and performing extensive renovation work to enhance the living experience of our residents and provide better housing options for the community.
Strong Track Record
We consistently receive referrals and positive reviews from existing and prior residents, which speaks to our ability to effectively manage our portfolio of properties.
Featured News Article
J&J Investment Properties was recognized in the Albany Business Review for its contributions to the community and for providing
affordable student housing in Albany, NY.
Meet the Founders
Justin Schmiemann
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
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 and maintenance of the portfolio.