Jacob Frydman

Jacob Frydman
Born Jacob Abraham Frydman
(1957-09-05) September 5, 1957
New York City
Residence Hyde Park, New York
Education B.S. Boston University
J.D. Case Western Reserve University School of Law
Occupation Real Estate developer
Spouse(s) Elyse J. Frydman (1984-1997; divorced; 2 children)
Monica Libin (1998–present)
Children 2
Parent(s) Lea Fishman Frydman
Michel Frydman

Jacob Frydman (born September 5, 1957) is a New York-based real estate developer investing in commercial real estate projects in the East Coast of the United States.[1]

Some of his real estate investments in New York include the acquisition of the Global Crossing building from Goldman Sachs,[2][3] and acquisition of 500 Tenth Avenue, which he re-developed into the DHL Center in Manhattan.[4]

Early life and education

Frydman was born to a Jewish family, the son of Lea (née Fishman) and Michel Frydman.[5][6] His father owned a construction company in New Jersey.[7] He has a B.S. in Finance from Boston University and a J.D. from Case Western Reserve University School of Law.[8]

Career

Lambdastar Infrastructure Partners

In a bid said to be able to rescue the city of Harrisburg, Pennsylvania out of its bankruptcy, Frydman has offered to lease the city-owned parking and other infrastructure assets from them.[9] Lambdastar failed to raise the necessary capital,[10] the deal did not proceed, and Lambdastar was closed its doors.[11]

United Realty Trust

Frydman is the former chairman and chief executive officer of United Realty Trust[12] a small public non-traded real estate investment trust (REIT). The firm invested in real properties, and joint ventures with others. In September 2015 Frydman announced the sale of the company to Sacramento-based First Capital.[13]

Starrett Corporation

In June 1997, Frydman tried to purchase a controlling interest in Starrett Corporation. He offered $84 million, or $12.25 per share, after reaching an agreement with brothers Paul Milstein and Seymour Milstein, who together owned 33% of Starrett's shares, and president Henry Benach, who owned 19% of Starrett's shares.[1]

Additional activities

Frydman has given a guest lecture on real estate finance at Columbia University’s Masters of Real Estate Development program in the School of Architecture and in the Master’s Lecturer series sponsored by New York Law School.[14] He is a member of the board of directors of the Bardavon 1869 Opera House.[15]

In 2013, Frydman as the CEO of United Realty starts United Realty Students - a scholarship program awarding $100,000 to students who best answer the question “How Do I Invest In My Future?” This program is active until 01.02.2016.[16][17]

Frydman has been on television discussing real estate[18][19][20]

References

  1. 1 2 "Investor to Pay $80.4 Million To Buy Starrett Corporation", New York Times, June 27, 1997, pg. B5.
  2. ↑ Weiss, Lois (December 11, 2002). "Former crossing spot may get foodie studio". NY Post. Retrieved December 11, 2002.
  3. ↑ "Manhattan Partnerships Shopping Westside Telecom Building". Institutional Investor. Retrieved August 10, 2004.
  4. ↑ Liskovich, Max. "DHL Takes 250,000 SF on Manhattan's West Side". CoStar. Retrieved November 22, 2005.
  5. ↑ Jewish Times: "Obituary: Mechel Frydman" BY MELISSA GERR ‍‍April 30, 2015 - יא אייר תשעה
  6. ↑ Baltimore Sun: "Lea Frydman" January 1, 2014
  7. ↑ New York Daily News: "Boomer Barons New Names Muscle into Rarefied Air of City's Noble Spires" by Peter Grant July 20, 1997
  8. ↑ "Jacob Frydman". Bloomberg. Retrieved August 7, 2017.
  9. ↑ Thompson, Charles. "Major new Harrisburg debt proposal on table". The Patriot News. Retrieved May 5, 2011.
  10. ↑ Vecsey, Laura. "Harrisburg parking garage investor said to be scrambling for equity partners". Penn Live. Retrieved August 20, 2011.
  11. ↑ Glynn, Chris. "LambdaStar finished". Infrastructure Investor. Retrieved January 29, 2013.
  12. ↑ Alec, Parower (July 19, 2012). "United Realty Follows Classic Mantra In Expansion". Real Estate Finance Intelligence. Retrieved 4 September 2012.
  13. ↑ Kalinoski, Gail. "First Capital Makes a United Play". CP Executive.
  14. ↑ "Risk Management Seminar". New York Law School.
  15. ↑ "Bardavon brings in new board members". Times Herald Record. Retrieved July 12, 2011.
  16. ↑ "Missouri S&T Scholarship System - United Realty Students Scholarship". mst.academicworks.com. Retrieved 2015-11-18.
  17. ↑ "United Realty Launches Students Scholarship Program". The #CRE Post. Retrieved 2015-11-18.
  18. ↑ United Realty CEO Jacob Frydman on Bloomberg TV, retrieved 2015-11-23
  19. ↑ United Realty Partners CEO Jacob Frydman visits FOX Business News and discusses retail real estate., retrieved 2015-11-23
  20. ↑ United Realty Partners CEO Jacob Frydman on CNBC's "Tomorrow in 30", retrieved 2015-11-23
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.