Jacob Frydman has over 30 years of experience in structuring, financing, and executing highly complex real estate transactions. He has acquired over five million square feet of existing and to-be-developed real estate located on the east coast of the United States, and has participated in property transactions valued at over $2 billion. Prior to his retirement in September 2015, Mr. Frydman was the CEO and Chairman of a public Real Estate Investment Trust. After his retirement as CEO, he continued on as the Chief Investment Officer of the Trust, First Capital Real Estate Trust.
Notable transactions of Jacob Frydman’s career include: Two Dag Hammarskjöld Plaza, an office condominium tower in midtown Manhattan used by foreign governments for their missions to the United Nations, and redeveloping the Aetna Building in lower Manhattan’s financial district. He acquired the unfinished Global Crossing New York headquarters from Goldman Sachs; in 2000 and repositioned it as an office tower. He purchased the NBC New York television studios from NBC’s parent, General Electric and then entered into an agreement with Procter & Gamble, where he produced the long-running TV show “As the World Turns” from 1999 to 2010. Mr. Frydman acquired 500 Tenth Avenue in Manhattan which he successfully redeveloped into the DHL Center.
Jacob Frydman has often participated as a speaker and panelist at numerous industry seminars, where he speaks on matters relating to property investment. He has been a guest lecturer on real estate finance at Columbia University, and in the Master’s Lecturer series sponsored by New York Law School. As a recognized thought-leader in his field, Mr. Frydman frequently appears on television programs including CNBC, Bloomberg TV, FOX News, and others to discuss trends in commercial real estate.
He served as a member of the Board of Directors of the Bardavon Opera House, home of the Hudson Valley Philharmonic, and devotes much time and capital to various philanthropic endeavors. For many years, he has been a firm supporter of organizations such as Chabad of Dutchess County and the Brem Foundation, helping people in struggling communities. Having retired from his role as a CEO of a public REIT, Mr. Frydman seeks out special situations where he can enhance a property’s value, which he undertakes alone or at times with partners.