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Joseph Dushey
ResearchedAngel Investors

Joseph Dushey

Vice President of Leasing and Acquisitions

Angel InvestorsSeed Round
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At a glance

Full Name
Joseph Dushey
Title
Vice President of Leasing & Acquisitions
Firm
Jenel Real Estate (Jenel Management Corporation)
Firm Type
Private real estate investment group (commercial real estate — urban high-street retail & mixed-use). *Note: the stub's "Angel Investors" classification could not be verified; all available evidence points to commercial real estate, not startup/seed investing.*
Investment Stage
Direct real estate acquisitions — core, core-plus, and value-add opportunities (no verifiable startup "seed round" activity found)
Check Size
Not publicly disclosed; individual Jenel property deals have ranged from ~$5M–$6M+ per asset in reported transactions
Target Company Profile
Strategically located commercial real estate assets — urban high-street retail, hotel, and mixed-use properties
Sector Focus
Commercial real estate (retail-led, mixed-use)
Geographic Focus
Major U.S. gateway markets — New York, Chicago, Los Angeles, San Francisco, Seattle, Miami, Boston, Washington D.C., Philadelphia, Charleston
Location
New York, New York, United States

Background

Joseph Dushey is Vice President of Leasing & Acquisitions at Jenel Real Estate (Jenel Management Corporation), a privately held New York City real estate investment group. In his role he focuses on acquiring strategically located core-plus commercial real estate assets in select urban markets across the United States, and on improving those properties and maximizing their value through leasing, repositioning, and hands-on asset management. He holds a Bachelor of Arts in Finance from Brooklyn College (City University of New York).

Jenel was established in the 1980s and grew organically — it began by acquiring properties for the founding family's own retail and business needs before evolving into a recognized owner-operator of urban, high-street retail and mixed-use real estate. Today the firm reports roughly $2 billion in assets under management, about 95 properties currently owned and managed (108 total acquired since inception) and more than three million square feet of space. Its strategy centers on value creation through acquisitions, development, capital improvements, and aggressive leasing, targeting deals with "measured downside risk and significant upside opportunity over the medium and long-term."

Within that platform, Dushey sits on the acquisitions and leasing side, sourcing and underwriting deals and driving the leasing that repositions underperforming assets. Jenel's portfolio spans marquee retail corridors — for example, luxury retail on Chicago's Oak Street (leased to tenants such as Chanel and Van Cleef & Arpels) and prominent Bronx retail on Fordham Road (including the 54,000-square-foot former RKO Fordham Theater building at 215 East Fordham Road).

Public records list Joseph Dushey in overlapping capacities at Jenel (both "Vice President of Leasing & Acquisitions" and "Principal" appear across professional databases), reflecting his senior standing in the firm's acquisitions function. No verifiable public record was found of Dushey acting as an angel/seed-stage startup investor; the profile below therefore reflects his documented real estate investing activity.

Investment Thesis & Focus

  • Asset class: Commercial real estate — urban high-street retail, hotel, and mixed-use properties, rather than operating-company/startup equity.
  • Deal type: Core, core-plus, and value-add acquisitions; explicitly seeks "measured downside risk, and significant upside opportunity over the medium and long-term" (Jenel firm thesis).
  • Value creation approach: Buys underperforming or well-located assets and enhances them through development, capital improvements, repositioning, and "aggressive leasing" — the leasing lever is central to Dushey's mandate.
  • Location discipline: Concentrates on "strategically located" assets in major U.S. gateway/high-street corridors (NYC, Chicago, LA, SF, Seattle, Miami, Boston, D.C., Philadelphia, Charleston).
  • Tenant quality: Portfolio leasing skews toward strong retail credit and luxury/national tenants (e.g., Chanel, Van Cleef & Arpels on Chicago's Oak Street), signaling a preference for durable, high-street cash flow.

Notable Investments

  • Oak Street, Chicago (Gold Coast luxury retail) — Jenel acquired and redeveloped buildings on East Oak Street, delivering luxury retail space leased to Chanel, Van Cleef & Arpels, and Le Colonial (project completed ~April 2019).
  • 9 W. Erie St., Chicago — A Jenel venture paid ~$5 million for a vacant lot with plans for a two-to-three-story retail building (reported 2012).
  • 215 East Fordham Road, Bronx, NY — ~54,000 sq ft retail building, formerly the RKO Fordham Theater; Jenel tapped Ripco to lease the Fordham Road retail.
  • 404 East 150 Street, Bronx, NY — Sold by Jenel for ~$6.3 million to David Yeroshalmi (recorded September 19, 2024).
  • Mixed-use Bronx property — Jenel sold a mixed-use Bronx asset to a private New York investor (reported by CoStar).

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