David Ebrahimzadeh is the President of Corniche Capital ("Corniche").
Mr. Ebrahimzadeh is a Manhattan based real estate and private equity investor focused on pursuing opportunistic
career at an early age, growing up in a real estate family which owns
over 10,000 luxury apartments in Manhattan as well as over 10 million square feet of office, retail and hotel
properties in the Greater New York area.
quickly gained experience in many areas of the business, including land acquisition and entitlement, the development and investment process, and property management.
While attending university, Mr. Ebrahimzadeh
began acquiring distressed properties in challenging neighborhoods and turned them over for outsized profits in short order.
After graduating college with a BBA in finance from The George Washington University (GWU), Mr. Ebrahimzadeh worked from 2003-2004 at The Carlton Group in New York, supervising real estate finance and investment on a variety of condominium conversion and development transactions with gross sales of $350 million, primarily in Florida.
In 2004 Mr. Ebrahimzadeh formed Corniche with the objective of pursuing opportunistic transactions with a focus in the multifamily sector.
Some noteworthy transactions which Mr. Ebrahimzadeh
was involved in include but are not limited to the following: the ground up development of an 11 story condominium in Lower East side in Manhattan, purchase, turnaround and sale of over 350 multifamily units in Northern NJ, and the acquisition of a non performing mortgage on a vacant 27 unit apartment building in Paterson, NJ along with acquiring the deed and bringing the property to profitability.
In addition to real estate, Mr. Ebrahimzadeh
has made private equity investments in a wide range of business sectors.
From a private equity standpoint, Mr. Ebrahimzadeh
is industry agnostic, however, the following areas have been of preferred: agribusiness, manufacturing, distribution, and infrastructure.
Most notably, Mr. Ebrahimzadeh
has recently taken his
family's successful hardware distributor/manufacturer business to internet success as well with little incremental expense from zero to over $6 million in gross revenues online in less than 18 months.
The online business is growing at a rapid pace and with no expense of sales people.
In 2007, Mr. Ebrahimzadeh
worked with New York-based Laurus Funds on the acquisition, entitlement, and master development plans for over 1,600 acres of waterfront land in the Dominican Republic, for a multiphase multibillion-dollar mixed-use resort development.
was responsible for predevelopment and planning work relating to permitting, construction, procurement and negotiation with luxury hotel flags, golf course operators, high end retail, casinos, and all other elements required for the development of the project.
continues to pursue international opportunities in emerging markets.
In 2008, Mr. Ebrahimzadeh was appointed receiver by the Chancery Court of Passaic County, NJ for a 21-unit rental apartment building in foreclosure, on behalf of Columbia Bank and a private lender.
handling of this receivership has advanced his
reputation as a trusted and competent property manager, even under the most difficult situations.
This propelled Mr. Ebrahimzadeh
to gain access to a wide array of distressed bank properties and take advantage of value creation expertise.
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