Hello again, Business Journal readers – I’m writing to a gentle reminder about our Indispensables project.
As has been said and advertised, we’d like to shift gears a bit for this project. We want to hear from the chief executives, the presidents, the executive chairs and the managing partners who among their non-C-suite professionals are, well, indispensable. We want to highlight and honor the everyday work of the supply chain managers, the marketing professionals or the accountant who saved the day, who put your companies on the map.
Click here to find our submission form. I’m sure you’ll have people come to mind immediately with this prompt – and we want to hear about it.
• • •
Samuel Freshman – the real estate investor lauded for evangelizing generations of real estate syndication – died on May 12. He was 93.
Having moved to Los Angeles in 1954, Freshman began his career as the founder of then-Freshman, Marantz, Orlanski, Cooper & Klein, a law firm that saw him at the helm of more than 100 real estate syndication deals and projects. That firm later became K&L Gates’ L.A. operation. In 1961, Freshman founded El Segundo-based Standard Management Co., which today boasts more than 2,800 multifamily properties and $1 billion in assets under management in its portfolio.
Throughout his decades of work in L.A., Freshman became a key advocate of real estate syndication – essentially, the bringing together of multiple investors to pool money and invest in large swaths of property, rather than individually and in piecemeal. To wit, he was once quoted as saying “There is great savings in volume” in an interview.
A prolific author, Freshman’s books on the subject include “Principles of Real Estate Syndication.”
A Stanford alumnus, Freshman was chair emeritus of Stanford Professionals in Real Estate, an organization comprising school alumni working in real estate. He also was an adjust professor at USC’s Marshall School of Business.
