Paramount Assets is a family-owned real estate investment and operating company headquartered in Newark, New Jersey. Founded in 1978 by Solomon Levy, the firm began when Levy purchased six abandoned storefronts in Far Rockaway, New York and converted them into affordable apartments. Over the following two decades, Paramount expanded its holdings across New York before relocating to Elizabeth, New Jersey in 2002, where it redirected investment activity toward urban centers throughout the state. The company operates a portfolio spanning approximately 2.8 to 3 million square feet of commercial, multifamily, and mixed-use properties across 25 New Jersey municipalities, with Newark serving as a focal point of activity. The firm's investment strategy centers on adaptive reuse and repositioning of underutilized or vacant properties in downtown, transit-accessible locations, converting them into residential, retail, office, and light industrial space. This approach targets historic buildings, which Paramount modernizes with contemporary functionality and amenities while preserving original architectural character. Paramount functions as a vertically integrated platform with in-house capabilities in acquisition, leasing, legal, accounting, property management, maintenance, and construction. The company relocated its headquarters to downtown Newark in 2019 and maintains a 95% occupancy rate across its holdings. Leadership includes CEO Ronnie Levy and COO Maurice Levy, both sons of founder Solomon Levy, who joined the management team during the firm's expansion phase. The company employs over 50 professionals supporting its operations across multiple New Jersey urban markets including Perth Amboy, Plainfield, Paterson, Orange, Irvington, and Elizabeth. Geographic concentration centers on New Jersey's densely populated urban corridors, with Newark representing the largest concentration of assets in the portfolio.