2022 Ones to Watch: Eric Doroski, Managing Partner at Zanzibar Capital

What recent project, transaction or accomplishment are you most proud of? While I am proud of all properties we have acquired, The Lynn Portfolio, a 56-unit mixed-use portfolio in Lynn, particularly stands out to me. This acquisition is our largest to date, and has presented a significant opportunity for us to implement a capital upgrade and utility efficiency plan to realize the portfolio’s full potential. When we put the portfolio under contract in September 2021, it was less than 80% occupied, uniquely allowing us to place a significant number of high-quality tenants within the first few months of ownership. I believe, as we stabilize this project, we will be able to scale significantly and acquire even larger assets.

What led you to your current profession? I have always enjoyed the idea of being an entrepreneur, which would allow me to tackle unique challenges on a day-to-day basis. Zanzibar Capital was founded in 2018 when my co-founder, Nitzan Mokady, and I acquired a small duplex, while we were still students at Northeastern. After renovating and stabilizing a few smaller projects, we decided to scale our business and primarily focus on mid-market multifamily deals in the Greater Boston area. This shift provides us greater scale and operational efficiency for all future projects we plan to acquire.

What are the top 3 items on your bucket list?

1. Learn another language
2. Drive across the country
3. Improve my tennis game

What are you doing when you aren’t working? In my free time, I enjoy spending time with my family, traveling, and cooking.