Eli Verschleiser

Eli Verschleiser
Born Eli Verschleiser
1974 (age 41–42)
New York City, New York, United States
Residence New York City, New York
Occupation Private Equity Real Estate Chairman of The Multi Group of Companies
Known for Business and Philanthropy
Religion Judaism
Spouse(s) Dr. Shani Verschleiser

Eli Verschleiser is an American businessman from New York City. He is a financier, philanthropist, real estate developer, and investor in commercial real estate projects.

Verschleiser has been an active participant in a number of high profile of real estate transactions including the Trump Tower (Philadelphia).[1] Verschleiser has participated in the acquisition of a million square foot portfolio from Brandywine Realty Trust located throughout the state of Pennsylvania;[2] a condominium conversion on Duane Street in the Tribeca neighborhood of New York City;[3] and the purchase of debt on 490 apartments in the Bronx.[4] Verschleiser through his company has represented Waterton in its $218 million acquisition of 88 Leonard Street,[5] and a hotel development project in the Financial District of New York City.[6]

The Multi Group of Companies

Verschleiser is a founding partner and Chairman of the Multi Group of Companies, a private equity real estate investment banking firm.[7] Multi Capital LLC is the Capital Markets division of the Multi Group of Companies, and Multi Investment is the acquisition arm of the Multi Group of Companies. Through his companies, Verschleiser has been involved in over $7 billion of real estate transactions.

Multi Capital Group licensed the Trump name from Donald J Trump and the Trump Organization to construct a luxury hotel and condominium complex in Philadelphia.[8] The property was planned to be a 43-story skyscraper overlooking the Delaware River. William Alesker was the architect of the project.[9] The project was cancelled due to the financial crisis of 2007–08 and halted construction.[10] The property remains an empty lot.[11]

United Realty Trust

Verschleiser was the founder and President of the public REIT United Realty Trust,[12] along with his ex-partner Jacob Frydman. In addition he and his former partner founded United Realty Partners,[13] a privately held firm that invests and advises in the commercial real estate arena.

Verschleiser resigned from the company after suing his ex-partner Jacob Frydman over an illegal investor funds transfer,[14] fraud, and a botched $200 million transaction.[15] There have since been a series of lawsuits mostly over control of the company in which both Verschleiser and Frydman have been fighting over.[16]

Media and Politics

Verschleiser's view of politics [17] are included in many international publications, such as the Moscow Times[18] the Jerusalem Post and the Kyiv Post.[19] Other op-Ed and thoughts from Eli Verschleiser on politics, real estate and his charitable efforts have been featured in many media outlets including the The Hill (newspaper),[20] Philadelphia Daily News,[21] The Jewish Week,[22] and The Algemeiner Journal.[23] Additionally, Eli Verschleiser is a frequent contributor to the Huffington Post.[24]

In November 2015, Eli Verschleiser co-chaired the U.S. Israel Security Alliance Congressional Tribute[25] which took place in the Cannon House Office Building, a part of the United States Capitol in Washington DC.[26]

Eli Verschleiser Speaks in the Capitol. Washington DC

The event’s honorees were Rodney Frelinghuysen, chairman of the House Appropriations Subcommittee on Defense; Steny Hoyer, House Democratic; Derek Kilmer, member of the House Appropriations Committee; Doug Lamborn, vice chairman of the House Armed Services Subcommittee on Strategic Forces; Nita Lowey, ranking member of the House Appropriations Committee; Luke Messer, Republican Policy Committee chairman; Peter Roskam, co-chair of the House Republican Israel Caucus; Ileana Ros-Lehtinen, chair of the House Foreign Affairs Subcommittee on the Middle East and North Africa; Hal Rogers, chairman of the House Appropriations Committee; Mike Rogers, chairman of the House Armed Services Subcommittee on Strategic Forces; Ed Royce, chairman of the House Foreign Affairs Committee; Debbie Wasserman Schultz, chair of the Democratic National Committee; and Mike Turner, chairman of the United States House Armed Services Subcommittee on Tactical Air and Land Forces.[27] The New York Observer published an Op-ed written by Mr. Verschleiser on the Iron Dome topic and the event.[28]

Philanthropy

Verschleiser is involved in multiple non-profit organizations in the New York area.[29] He is the on the executive board of The American Jewish Congress, Co-Founder & President for Our Place (Foundation), a non-profit organization that provides support, shelter, and counseling for troubled Jewish youth.[30][31] Verschleiser also serves on the Board of Advisors for Magenu, an organization he helped create to educate children in personal safety topics.[32] Through his foundation[33] Verschleiser endeavours in his philanthropic efforts.

Personal life

Eli Verschleiser's wife is Dr. Shani Verschleiser,[34] a co-founder of Magenu.[35] Verschleiser is an avid collector of race cars. He is also an art collector, favoring historical Hebraic art and manuscripts.

References

  1. ↑ "Riparian Rights Granted for Trump Tower Philadelphia as Rendell Ends Riverfront Moratorium". citybizlist Philadelphia. 10 March 2008.
  2. ↑ Thomas, Marita (9 July 2007). "Brandywine Sells 10 Building Portfolios". Globe Street. Retrieved 28 May 2013.
  3. ↑ Jarvie, Barbara (31 May 2005). "Developer Plans Tribeca Condo". Globe Street. Retrieved 28 May 2013.
  4. ↑ Fung, Amanda (15 October 2012). "Debt on two Bronx apartment buildings sells for $31M". Crain's New York. Retrieved 30 May 2013.
  5. ↑ "NYC real estate veterans form commercial property investment group". The Real Deal. Retrieved January 13, 2012.
  6. ↑ "Multi Capital Group Inks City Hotel Deal". Hagedorn Publication. 2008. Retrieved 28 May 2013.
  7. ↑ Staff. "Investment Manager Beefs Up Capital-Markets Capabilities". CRE News. Retrieved 26 April 2013.
  8. ↑ Kostelni. "Delaware River pier where a Trump Tower was proposed comes up for sale". Retrieved 7 April 2015.
  9. ↑ Alesker. "Trump Tower, Philadelphia" (PDF). Retrieved 7 April 2015.
  10. ↑ "US Bank Can't Get $23M From Bankrupt Trump Tower Builder". Retrieved 7 April 2015.
  11. ↑ Brown. "Trump Tower project in Philly files Chapter 11". Retrieved 7 April 2015.
  12. ↑ Alec, Parower (July 19, 2012). "United Realty Follows Classic Mantra In Expansion". Real Estate Finance Intelligence. Retrieved April 9, 2012.
  13. ↑ "Two Senior Real Estate Investors Announce Formation Of United Realty Partners". The Street. Retrieved January 13, 2012.
  14. ↑ Chiem, Linda. "$200M UN Plaza Deal Suit Belongs In Arbitration, Court hears". Law 360. Retrieved April 17, 2015.
  15. ↑ Maurer, Mark (20 December 2013). "Ex-United exec sues firm after botched 866 UN Plaza buy". The Real Deal NY. Retrieved 20 December 2013.
  16. ↑ Kussin, Zachary. "Feud between United Realty CEO and ex-president turning ugly". The real deal. Retrieved April 17, 2015.
  17. ↑ Verschleiser, Eli. "Should israel and its arab neighbors form an alliance". The Hill. Retrieved 24 Oct 2015.
  18. ↑ Verschleiser, Eli (7 April 2014). "Putin's Jewish Card". The Moscow Times. Retrieved 14 April 2014.
  19. ↑ Verschleiser, Eli. "Eli Verschleiser: Putin needs to stop playing the Jew card in Ukraine". Kyiv Post. Retrieved 8 April 2015.
  20. ↑ Verschleiser, Eli. "Does Obama 'have the back' of abused children, too?". The Hill. Retrieved 11 July 2014.
  21. ↑ Young, Earni (24 April 2006). "Trump Waterfront Condo Plan Not Tall On Specifics". Philadelphia Daily News.
  22. ↑ Dickter, Adam (13 June 2013). "Grassroots Brooklyn Organization Teaches Orthodox Kids To Be Wary Of Abuse". The Jewish Week.
  23. ↑ Verschleiser, Eli. "The Morality of Disproportionality". Algemeiner. Retrieved 21 August 2014.
  24. ↑ Verschleiser, Eli (24 July 2015). "The Public Figures we Think we Know". The Huffington Post. Retrieved 24 July 2015.
  25. ↑ Mandell, Devora (11 November 2015). "Jewish Community Honors Congress For Support Of Iron Dome". The Jewish Press. Retrieved 14 November 2015.
  26. ↑ Gordon, Larry (11 November 2015). "A Day in DC". The 5 Towns Jewish Times. Retrieved 20 November 2015.
  27. ↑ Kornbluh, Jacob (6 November 2015). "Wasserman Schultz: Iranian Nuclear Threat Has Been Neutralized". The Jewish Insider. Retrieved 20 November 2015.
  28. ↑ Verschleiser, Eli (29 October 2015). "Iron Dome's Supporters Deserve Our Thanks". The Observer. Retrieved 19 November 2015.
  29. ↑ Eller, Sandy (26 May 2013). "New York - Magenu: Empowering Safe Children Through Education". Vos Iz Neias. Retrieved 30 May 2013.
  30. ↑ "Record Turnout At Our Place Third Annual Run". 5 Towns Jewish Times. Retrieved 9 November 2013.
  31. ↑ John. "Our Place, with Co-Founder Eli Verschleiser, is a Safe-Haven for Those in Need". Working To Give.
  32. ↑ Eisikowitz, Michael. "Playing It Safe". Mishpacha. Retrieved 26 April 2013.
  33. ↑ "The Eli Verschleiser Family Foundation".
  34. ↑ "Teach Child to Say "NO!" to Candy from Strangers". ScarySymptoms.com.
  35. ↑ "The Compassionate Superheroes Amongst Us". The Algemeiner. 3 July 2015. Retrieved 26 October 2015.

External links

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