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2016-03-31T00:00:00.000Z

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Wrong Michael Ashner?

Mr. Michael Ashner L.

Chairman and Chief Executive Officer

Winthrop Financial

Direct Phone: (516) ***-****       

Email: m***@***.com

Winthrop Financial

111 Genesee Street, Ste. 300

Buffalo, New York 14203

United States

Company Description

We focus on helping individuals with their life transitions, from young professionals accumulating assets, to affluent individuals and families, to those close to or in their retirement years. We do this by providing prudent investment advice and practi... more

Find other employees at this company (16)

Background Information

Employment History

Executive Chairman

Lexington Realty Trust

Affiliations

Board of Trustees
North Shore University Hospital

Advisory Board of the Program In Real Estate
Cornell University

Trustee
The Jaffa Institute

Trustee
National World War II Museum

Board of Trustees Member
Northshore Internal Medicine

Board of Trustees Member
NSLIJ

Member
Investment Committee of Concord

Board Member
Atlantic Coast Entertainment Holdings Inc

Board Member
Greate Bay Hotel & Casino , Inc.

Board Member
Casino

Chairman and Chief Executive Officer
Newkirk & Associates Inc

Directors
NBTY , Inc.

Board Member
Great Bay Hotel

Member
Audit Committee

Board Member
Atlantic Holdings , LLC

Education

A.B.

Cornell University

J.D.

University of Miami

JD

University of Miami School of Law

law degree

University of Miami Law School

Web References (199 Total References)


Winthrop Realty Trust - Investor Relations Template

investor.winthropreit.com [cached]

Michael L. Ashner Chairman and Chief Executive Officer

Mr. Ashner has served as the Chairman and Chief Executive Officer of Winthrop Realty Trust, a NYSE-listed real estate investment trust, since 2004. Winthrop Realty Trust currently owns/controls/manages a portfolio of approximately $2.4 billion of real estate and real estate related assets. In addition, Mr. Ashner has served as the Chairman and Chief Executive Officer of Winthrop Realty Partners, L.P., a vertically integrated property management firm, since 1996. Mr. Ashner has acquired over $12 billion of real estate, including 85,000 apartment units, 50 million square feet of office, retail, and industrial assets and 1,000 hotel rooms. Winthrop Realty Partners has managed more than 500 limited partnerships, of which in excess of 50 were publicly reporting with over 100,000 investors, as well as five publicly traded REITS.
Mr. Ashner served as Director and Chief Executive Officer of Shelbourne Properties a group of three publically traded real estate investment trusts, from 2002 until their liquidation in 2004. In addition, he was the Chairman and CEO of Newkirk Realty Trust, a NYSE-listed real estate investment trust, from its formation through its merger with Lexington Realty Trust in January 2007. Thereafter, he served as Executive Chairman of Lexington Realty Trust following its merger with Newkirk Realty Trust from 2007 through 2008. Prior to 1996, Mr. Ashner was President and Chief Executive Officer of National Property Investors.
Mr. Ashner currently serves on the Board of Trustees of the North Shore-Long Island Jewish Health System, and the Advisory Board of the Cornell University Program in Real Estate. He is also a Trustee of the Jaffa Institute a charitable institution that develops day and boarding schools in the State of Israel. In addition, he is a Trustee of the National World War II Museum located in New Orleans.
Mr. Ashner holds an AB from Cornell University and a JD from the University of Miami. He resides in Cove Neck, New York.


Buyer of Corus Assets Wins Big | EB-5 Immigration News & Press from New York's NYIFUND

nyifund.com [cached]

"When they acquired the Corus portfolio, there were two or three groups that were hotly bidding on it, and people said they overpaid," says Michael Ashner, Winthrop's chief executive.

...
Winthrop's Mr. Ashner said the purchase price will eventually include $100 million in equity from Winthrop, plus a $150 million loan. He added that the deal isn't typical for Winthrop, which is best known for buying distressed real estate, renovating it and selling it for a profit, rather than buying fully leased luxury apartment buildings.


How a U.S. Visa-for-Cash Plan Funds Luxury Apartment Buildings

www.mainline-properties.com [cached]

At 701 Seventh Avenue in Manhattan, a retail and hotel tower going up in Times Square, developers raised about $200 million through EB-5 at an annual interest cost that came to 6% after the middleman fees, said Michael Ashner, chief executive of Winthrop Realty Trust, a partner in the project. That compares with 11% or 12% they would have faced for junior loans through other financing, he said.

"It's lower-cost capital with favorable terms. That's why people do it," Mr. Ashner said.


Main Line Living ! Tips & Tricks

www.mainline-properties.com [cached]

At 701 Seventh Avenue in Manhattan, a retail and hotel tower going up in Times Square, developers raised about $200 million through EB-5 at an annual interest cost that came to 6% after the middleman fees, said Michael Ashner, chief executive of Winthrop Realty Trust, a partner in the project. That compares with 11% or 12% they would have faced for junior loans through other financing, he said.

"It's lower-cost capital with favorable terms. That's why people do it," Mr. Ashner said.


Main Line Living ! Tips & Tricks

www.mainline-properties.com [cached]

At 701 Seventh Avenue in Manhattan, a retail and hotel tower going up in Times Square, developers raised about $200 million through EB-5 at an annual interest cost that came to 6% after the middleman fees, said Michael Ashner, chief executive of Winthrop Realty Trust, a partner in the project. That compares with 11% or 12% they would have faced for junior loans through other financing, he said.

"It's lower-cost capital with favorable terms. That's why people do it," Mr. Ashner said.

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