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Sol Goldman
Sol Goldman (September 2, 1917 – October 18, 1987) was an American real estate developer. Together with his partner, Alex DiLorenzo, Goldman became the biggest non-institutional real estate investor in New York City in the 1980s, ultimately owning a portfolio of nearly 1900 commercial and residential properties. ==Biography== Born Usher Selig Goldman to a Jewish family〔 April 3, 1989〕 in Brooklyn, the son of Fannie and Charles Goldman.〔 His father owned a grocery store. Goldman briefly attended Brooklyn College, before turning to real estate during the Great Depression. At age 16, he purchased his first of many foreclosed properties by raising money from his neighbors.〔(The Real Deal: "Sol Goldman’s $6B portfolio in play, as children accelerate dealmaking" By Adam Pincus ) April 01, 2013〕 In the 1950s, he partnered with Alex DiLorenzo, Jr. Together they were very active purchasers through the 1950s and 1960s and their portfolio included the Chrysler Building which they bought in 1960.〔 Although the 1970s were difficult—he lost the Chrysler Building to foreclosure and his partner, DiLorenzo, died in 1975—Goldman continued to invest purchasing more than 600 buildings in the subsequent years via his company Solil Management (named after Sol and his wife, Lil).〔 Goldman was known for holding onto his properties and rarely selling, preferring instead to sign tenants to long-term ground leases (typically 99 years) where the tenants pay an annual rent to Goldman but are responsible for taxes and upkeep of buildings on the properties.〔 The Sol Goldman Pancreatic Cancer Research Center at Johns Hopkins University is named in his honor, following a gift of $10 million.〔("Lillian & Sol Goldman" ), The Sol Goldman Pancreatic Cancer Research Center at Johns Hopkins〕
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