Blackstone and Starwood stepped into a charged environment last month when they slammed the brakes on shareholders pulling cash from their high-flying real estate vehicles. At the time, disgraced crypto guru Sam Bankman-Fried (who within days would be indicted on fraud charges) was all over the news and social media following the collapse of his FTX crypto exchange. Comparisons between FTX and the private equity giants’ non-traded REITs came easy. “What is happening now with
Blackstone and Starwood stepped into a charged environment last month when they slammed the brakes on shareholders pulling cash from their high-flying real estate vehicles. At the time, disgraced crypto guru Sam Bankman-Fried (who within days would be indicted on fraud charges) was all over the news and social media following the collapse of his FTX crypto exchange. Comparisons between FTX and the private equity giants’ non-traded REITs came easy. “What is happening now with
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Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.