NEGLECT. DELAY. DENIAL.
We acquire residential buildings in desirable neighborhoods and increase profitability by minimizing repairs, delaying solutions, and transferring the cost of dysfunction to tenants.
PRINCIPLES
PRINCIPLES
Our three core principles are Neglect, Delay, and Denial.
Neglect means problems are allowed to mature naturally rather than being interrupted with repairs.
Delay means every issue is discussed, forwarded, reclassified, and revisited until time itself becomes the primary management tool.
Denial means that by the time conditions are undeniable, responsibility has already been redistributed elsewhere.
Like a clock, our in-house divisions work in perfect synchronization to ensure complaints keep moving, decisions keep circulating, and solutions never quite arrive.
Leadership
Founder & Managing Principal
David Gleitman
David founded TARGO in 2020 and remains closely involved in every part of the firm that concerns money, including acquisitions, capital raising, and investor relations. Matters relating to heat, plumbing, or how people actually live in the buildings are handled at a safe professional distance.
Principal, Operations
Adam Basuljevic
Adam joined TARGO in 2021 and oversees the execution of business plans and day-to-day operations across the portfolio, including property management, leasing, and construction oversight, ensuring strategic objectives are met regardless of on-site conditions.
OUR NEGLECT
Take the example of 640 Broadway, our most recent acquisition. Since we took over 5 months ago, we've had a tenant rent revolt due to poor service, received FDNY summons, ConEd threats to power due to lack of payment, and we have not addressed serious plumbing or heating issues. All of this has successfully increased operating margins.
Targo Resident Coalition
Tenant coalition, formed out of necessity
After prolonged service failures, restricted access, and repeated threats of fines, residents organized and agreed to withhold rent until basic building functions were restored. We present this as a direct and predictable response to sustained management inaction.
Bathing in Feces
Unresolved Maintenance
After five months without effective repair, wastewater repeatedly entered a residential bathtub. This photograph records the physical result of prolonged inaction and the environment in which tenants were expected to continue normal occupancy. Yes, we can proudly confirm that is a bathtub of feces.
Heating below legal standards.
Heating below legal limits
During New York's coldest winter in years, with outdoor temperatures between 3–5°F, in-unit temperatures averaged approximately 52°F. For reference, city regulations require a minimum of 68°F during the day and 62°F at night. We present this data point as part of our commitment to measurable outcomes.
ConEd Cut Off
Common areas, pending payment.
This correspondence was delivered to tenants after the building’s owner failed to pay for common-area electricity. While individual apartments remained powered, hallways and shared spaces were placed under threat of shutdown, redefining “common area” as an optional feature.
Safety is not our Problem
FDNY Summons No. 0122477824.
An archival artifact from the moment building management entered formal proceedings with the Office of Administrative Trials and Hearings over outstanding fire safety violations.
MANAGEMENT
TARGO Management exists to receive resident complaints, convert them into data, and return them to residents as reassurance. Requests are routed through a ticketing system designed to respond quickly, escalate slowly, and resolve rarely. This allows us to appear attentive while maintaining strict control over outcomes, narratives, and liability without ever actually addressing anything.
resident portal
CONTACT US
Have a complaint about TARGO? Let us know, we'd love to publicly list it here.