Gottesman forms new organization

Real Estate Weekly,  Sept 5, 2007  

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Gottesman Real Estate Partners, the newest venture for one of New Jersey and New York's well-known real estate families, has named Joel S. Brudner executive vice president and partner.

Gottesman Real Estate Partners, an experienced owner and operator of high-quality commercial properties, is seeking to expand its presence through an aggressive acquisition program of properties that fit its long-term investment philosophy.

The company is presently pursuing offlee, retail, flex and light industrial properties, with an emphasis on those where value can be improved via superior expertise, creativity, and active, hands-on management.

"The ability to leverage market knowledge, critical and efficient due diligence standards and rapid decisionmaking, coupled with immediate funding capabilities, differentiates Gottesman Real Estate,, Brudner said.

Added Gottesman, "Joel is the perfect fit for our organization. Not only are his qualifications and experience top-flight, he shares the same core values we at Gottesman have always embraced: integrity, hard work, problem solving, and flexibility." Brudner--who has more than 20 years of experience in the New Jersey commercial and residential real estate markets--will direct Gottesman Real Estate Partners' operations, including sourcing acquisition candidates, due diligence, financing and asset management. He also will be involved with strategic planning.

For the last 15 years, Brudner was executive vice president and CFO of the privately held real estate firm The PRC Group. Before that, he spent eight years as an executive with the M. Alfieri Company in Edison, N.J.

Gottesman Real Estate Partners will carry out its investment plan in a strategic fashion, concentrating on properties between $5 million and $35 million.

Said Gottesman, "The company brings together the best of modern real estate ownership and the best of family ownership, and its impetus will remain those same values from which it began a half century ago."

The Gottesman family has a 50-year history of owning and operating commercial properties in New Jersey, New York, and Pennsylvania, including the 750,000 s/f Hippodrome Building at 1120 Avenue of the Americas in New York City.

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