Jacob Frydman

Jacob Frydman is a New York-based real estate developer investing in commercial real estate projects in the East Coast of the United States

/ Jacob Frydman / By /

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] His real estate investments in New York include the acquisition of the Global Crossing building from Goldman Sachs,[2][3] and purchase of 500 Tenth Avenue, which his partner Mitch Rutter, Frydman and two others redeveloped into the DHL Center in Manhattan.[4][1]

Contents

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]

Jacob Frydman / Career

United Reality Advisors

Since 2011, Frydman has served as chairman and CEO of United Realty Advisors LP.[9] The Manhattan based company provides a full-service REIT platform, including direct investments in commercial property assets and strategic third-party advice.[10]Through affiliated entities, United Realty Advisors also sponsors public and private real estate investment products.[9]

United Realty Trust

Frydman is the former chairman and chief executive officer of United Realty Trust,[11] a small non-traded real estate investment trust (REIT). The firm invested in real properties, and joint ventures. In September 2015 Frydman announced the sale of the company to Sacramento-based First Capital.[12]

Cabot Lodge Securities

Frydman has been acting as chairman of the board of Cabot Lodge Securities since 2012. Headquartered in New York City, the company offers a full set of financial services and investment products, including equities, fixed income, mutual funds, variable annuities, and REITs. Its affiliates provide separately managed accounts, life, disability, mortgages, and wealth management services.[9]

Additional activities

In 2011 Frydman became a member of the board of directors of the Bardavon 1869 Opera House.[13]

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?”[14][15]

References

  1. ^ “Jacob Frydman – Discusses Modern 1. Retail Real Estate Market”. finance.yahoo.com. Retrieved 2019-11-15.
  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. ^ Jump up to:a b c “Jacob Frydman – Professional Profile – LinkedIn”. LinkedIn. Retrieved 2019-11-15.
  10. ^ “United Realty Advisors”. urpa.com. Retrieved 2019-11-15.
  11. ^ Alec, Parower (July 19, 2012). “United Realty Follows Classic Mantra In Expansion”. Real Estate Finance Intelligence. Archived from the original on 1 September 2012. Retrieved 4 September 2012.
  12. ^ Kalinoski, Gail. “First Capital Makes a United Play”. CP Executive.
  13. ^ “Bardavon brings in new board members”. Times Herald Record. Retrieved July 12,2011.
  14. ^ “Missouri S&T Scholarship System – United Realty Students Scholarship”. mst.academicworks.com. Retrieved 2015-11-18.
  15. ^ “United Realty Launches Students Scholarship Program”. The #CRE Post. Retrieved 2015-11-18.