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.
Some of his real estate investments in New York include the acquisition of the Global Crossing building from Goldman Sachs, and acquisition of 500 Tenth Avenue, which he re-developed into the DHL Center in Manhattan.
Video Jacob Frydman
Early life and education
Frydman was born to a Jewish family, the son of Lea (née Fishman) and Michel Frydman. His father owned a construction company in New Jersey. He has a B.S. in Finance from Boston University and a J.D. from Case Western Reserve University School of Law.
Maps Jacob Frydman
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. Lambdastar failed to raise the necessary capital, the deal did not proceed, and Lambdastar was closed its doors.
United Realty Trust
Frydman is the former chairman and chief executive officer of United Realty Trust 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.
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.
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. He is a member of the board of directors of the Bardavon 1869 Opera House.
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.
Frydman has been on television discussing real estate
References
External links
- Lambdastar
- United Realty
Source of the article : Wikipedia
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