NORF Construction, based in New Orleans, Louisiana, was founded in 2013 by Alex Hernandez and Mike Niemtzow to spearhead efforts in tax-incentivized historic redevelopment and urban renewal. The company has successfully acquired and restored over sixty properties, focusing on projects that are often complex and overlooked by others. In response to growing demand from investors, NORF launched its first Opportunity Zone Fund in 2017 and has since expanded its offerings with the introduction of its latest fund, NORF 5, in January 2023. This fund is the company’s most diversified yet, targeting various asset classes such as multi-family, mixed-use, and industrial projects throughout the United States.
NORF is committed to revitalizing communities and addressing blighted neighborhoods, while also providing attractive risk-adjusted returns for their investors. Since its inception, the firm has developed or is in the process of completing over $230 million in real estate developments, comprising more than 700,000 square feet.
NORF's integrated business lines include NORF Management, which offers comprehensive property management services, and NORF Realty, a full-service brokerage dealing in both commercial and residential real estate. Additionally, they collaborate with Hernandez Consulting & Construction, a licensed general contractor, as well as Albert Architecture, a design firm focused on innovative building solutions, to enhance the quality and efficiency of their projects.
As a veteran-owned firm, NORF takes pride in its unique approach to real estate investment, leveraging tax benefits and opportunities to not only generate substantial returns but also contribute positively to the communities in which they operate. With projects extending beyond just New Orleans to locations in New York, Park City, and Miami, NORF continues to position itself as a leader in modern redevelopment and community improvement.
