Paramount Assets is a privately held, family-owned real estate investment and operating company headquartered in Newark, New Jersey. Founded in 1978 by Solomon Levy, who purchased six abandoned storefronts in Far Rockaway, New York and converted them into affordable apartments, the firm expanded its holdings across New York over two decades. In 2002, the business relocated to Elizabeth, New Jersey and redirected investment activity toward urban centers throughout the state, with operations now concentrated across 25 New Jersey municipalities. The portfolio spans abut 3 million square feet of commercial, multifamily, and mixed-use properties. Paramount operates as a vertically integrated platform with in-house capabilities in acquisition, leasing, legal, accounting, property management, maintenance, and construction. The firm pursues adaptive reuse and repositioning of underutilized or vacant properties in downtown, transit-accessible locations, converting them into residential, retail, office, and light industrial space. Newark serves as a focal point of activity. Recent transactions include the August 2023 purchase of a 5,000-square-foot retail and commercial building in Elizabeth for approximately $900,000, and the October 2023 completion of 35 market-rate apartments at a historic department store site in Plainfield. The company relocated its headquarters to downtown Newark in 2019 and maintains a 95% occupancy rate across its holdings.