Reinstein established Arkhouse Management to specialize in real estate investment and development, focusing on strategies that often involve undervalued assets or companies with significant real estate holdings.
He gained considerable public attention in late 2023 and early 2024 for leading Arkhouse Management's efforts to acquire Macy's Inc., the iconic American department store chain. In partnership with Brigade Capital Management, Arkhouse made several unsolicited proposals to take Macy's private, citing the potential to unlock value from Macy's extensive real estate portfolio. This high-profile bid involved public announcements, negotiations, and engagements with Macy's board of directors, highlighting Reinstein's strategy of targeting public companies with underutilized real estate assets.
Prior to founding Arkhouse, Reinstein had a career spanning various roles in investment banking and private equity. He co-founded Reinstein Capital and previously held positions at firms such as Apollo Global Management and Deutsche Bank, gaining experience in a wide range of financial transactions and real estate investments.