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Rodney Propp
Rodney Propp is a New York-based real estate developer and co-founder of Tahl-Propp Equities.
==Biography==
Propp was born to a Jewish family, the son of Seymour Propp.〔(New York Sun: "A Pioneer in Harlem Real Estate Reaps the Profits" By PRANAY GUPTE ) June 2, 2005〕 His father is known for gaining majority control of the Quincy Mining Company and taking it private.〔 His grandfather was a Jewish immigrant from Lithuania who became rich selling Christmas tree lights.〔 He earned a B.A. from Tufts University and an M.B.A. from the University of Chicago〔(Tahl Propp Equities website ) retrieved December 23, 2013〕 and also studied at the London School of Economics, and the School of the Museum of Fine Arts in Boston. After school, he worked for the investment bank Drexel Burnham Lambert and then left to work for the family real estate business.〔 In 1997, he left the family business (after being prevented from expanding the family's investments in the SoHo a neighborhood he rightly believed was transforming) and founded Tahl Propp Equities with Joseph Tahl, former attorney for Donald Trump.〔 They raised $15 million and bought 16 apartment buildings in Detroit and a 300,000 square foot office building in St. Louis.〔 After this first investment, they focused on investing in Harlem, then overlooked by other real estate investors.〔(The Real Deal: "The quiet players - Meet some New York City empire builders who shun the spotlight" By Gabby Warshawer ) September 01, 2009〕 They also own the 500,000 square foot 3 Gateway Center in Newark, New Jersey.〔 As of 2012, they owned 4 million square feet of residential and commercial real estate including 3,500 units of housing in Harlem with a focus on affordable housing.〔(The Real Deal: "Tahl investors sue to open financial records" By David Jones ) March 30, 2012〕 They own and operate 17 affordable housing developments in Harlem and Washington Heights; and eight conventional rental buildings.〔(Real Estate weekly: "Housing developers in it for the long haul" By Orlando Rodriguez ) April 17, 2013〕
The two partners complement each other with Tahl making the deals and Propp focusing on the financing.〔(New York Times: "The 30-Minute Interview - Joseph A. Tahl" by VIVIAN MARINO ) August 13, 2013〕 They are known for rarely selling their buildings; instead letting their value grow as Harlem gentrifies.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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