Leonard Grunstein (born July 18, 1952) is an American financial executive, retired lawyer and philanthropist. He is the Managing Member of Hanlen Real Estate Development & amp; LLC Funding, and Hanlen Healthcare Development & amp; Funding LLC. Grunstein practiced law for more than 35 years before retiring from legal practice, and is the founder and chairman of the current EZRAH Project.
Video Leonard Grunstein
Early life and education
Born in Milwaukee, Wisconsin in 1952, Leonard Grunstein moved to New York City in 1958. He was awarded a B.A. in Economics and Political Science from Queens College, graduated Magna Cum Laude and Phi Beta Kappa in 1972. Grunstein went on to Brooklyn Law School, where he obtained his doctorate in 1975. The following year, he was accepted for legal practice in New York.
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Careers
Legal
Grunstein began his legal career after graduating law school in 1975. He was a Corporate Correspondent Assistant for the City of New York and advisor to the Mayor's Central Development Office and worked as a partner in Herrick, Feinstein LLC, a partner in 1980. Grunstein served as Assistant Professor of law at Cardozo Law School, teaching Co-op Law and Condominiums. After leaving Herrick, Feinstein in 2002, Mr. Grunstein joins Jenkens & amp; Gilchrist as a senior partner, in which he negotiated the conversion of the Yorkville Rupt Tower. In 2005, he joined the international law firm Troutman Sanders as a senior partner, becoming the head of the Real Estate Capitalization Group. In 2006, Grunstein was retained as a lawyer for the Stuyvesant Town-Peter Cooper Village Tenants Association. In 2012, Leonard Grunstein retired from New York law after practicing for more than 35 years.
Business and Finance
Banking
Grunstein founded the Federal Savings Bank of New York in 1990 and Metropolitan National Bank in 1999, serving as chairman of the board. He then served as chairman of the board of Israel Discount Bank New York from 2006 to 2007.
Healthcare
In 2003, Integrated Health Services Inc., nursing home operators, long-term acute care hospitals, and other additional health care businesses, was acquired by Abe Briarwood Corp. with financial sponsorship from Cammeby's International Ltd., a real estate investment firm that Grunstein recommended. After that, in 2004, Grunstein was involved in the acquisition of a second nursing home from Mariner Health Care, Inc. A few years later, a lawsuit involving parties in the transaction arose. Grunstein agreed that during the period of his vast civil deposition in the case, he made a false statement and pleaded guilty to false criminal charges. The lawsuit was finally settled. In 2005, Grunstein was involved in the acquisition of Beverly Enterprises, Inc., a large operator consisting of nursing homes and other additional health care businesses.
Philanthropy
In 2001, Grunstein founded Project EZRAH, a nonprofit organization based in Bergen County, New Jersey. EZRAH helps families who suffer from unemployment, offering job search assistance, financial aid and emotional support. Grunstein has served as Chairman since his establishment. Grunstein also serves on the boards of several other non-profit organizations, including the American Friends of the Jerusalem College of Technology and the Genesis Jerusalem Institute. He is also at the Revel Board Graduate School at Yeshiva University.
Awards and awards
Super Lawyer
With fellow Troutman Sanders members, Grunstein was recognized as "Super Lawyer" by Law & amp; Politics in 2006. Grunstein was named the "AV Preeminent" lawyer by Martindale-Hubbell, who recognized his high rank in legal ability and ethical standards. He also published an article in The Banking Law Journal. including an article on "the application of contemporary Jewish law of interest-making."
Book Book Recognition
While maintained by the Stuyvesant Town-Peter Cooper Village Tenants Association, Grunstein focuses on developing a structure and financing package that will help tenants buy complexes and keep their apartments affordable. On October 21, 2009, the Court of Appeal ruled that Tishman Speyer, the owner of the complex, had no right to take the apartment from a rental stabilization program. Grunstein has found a "mysterious" rental rule that does not allow the owner to take the apartment from the stabilization of the lease while also receiving tax breaks for renovation, called J-51 Program. The owners of Stuyvesant Town have been doing it for years. Grunstein's work earned him recognition in the New York Times real estate book Charles V. Bagli published in April 2013, People's Money: Inside the Housing Crisis and the Biggest Real Estate Agreement Pullback Ever Made.
Personal life
He married Chana Tambor Grunstein. They have three children: Eli, Michal, and Rachel, all graduates of Yeshiva University.
References
Source of the article : Wikipedia
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