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Steven Roth
Steven Roth is a real estate investor, the founder and chairman of Vornado Realty Trust, the co-founder and managing general partner of Interstate Properties, and chairman and chief executive officer of Alexander's.
==Biography==
Roth was born to a Jewish family,〔(Jewish Daily Forward: "Romney PAC Attracts New Jewish Donors" By Josh Nathan-Kazis ) March 12, 2012〕 the son of Fred and Virginia Roth.〔(New York Times: "Paid Notice: Deaths - ROTH, FRED" ) February 4, 2010〕 He graduated from DeWitt Clinton High School in the Bronx.〔(Robin Hood Organization Speaker Bios: Steven Roth ) retrieved October 25, 2013〕 In 1962, Roth graduated with a B.A. from Dartmouth College and in 1963, he graduated with a M.B.A. from the Tuck School of Business at Dartmouth.〔(Dartmouth Board of Trustees: Steven Cohen ) retrieved October 25, 2013〕 In 1964, with $250,000 in seed money from real estate investor David Mandelbaum, he formed Interstate Properties, a three-person partnership (Roth, Mandelbaum, and Russell Wight Jr.) tasked with purchasing, renovating, and leasing shopping centers with Roth as managing partner.〔(The Real Deal: "'Vornado Tornado' gets ready to land despite sliding profits - Steven Roth builds up war chest and prepares to go shopping" By Adam Piore ) October 01, 2009〕 He repaid Mandelbaum within a year.〔 In 1979, Interstate purchased an interest in the New Jersey discount appliance chain, Two Guys〔 and later gained control of its parent company Vornado, a former fan manufacturer (purchased by Two Guys in 1959 to utilize its tax loss carryforwards)〔 and dissolved the chain turning the stores into strip malls. His efforts were very successful〔(New York Times: "In a Shift, Vornado Addresses Investor Concerns" by TERRY PRISTIN ) April 17, 2012〕 and in 1980, he founded the New York-based real estate investment trust Vornado Realty Trust.〔 In 1993, he took Vornado Realty Trust public.〔 In 1995, Vornado purchased a controlling interest in Alexander's - a former retailer that had declared bankruptcy in 1992 - for $54.8 million from Citicorp〔(New York Times: "COMPANY NEWS; VORNADO AND AFFILIATE GET CONTROL OF ALEXANDER'S" ) March 07, 1995〕 adding Alexander's substantial real estate holdings to his existent portfolio.〔 In 1997, marking its first major acquisition outside of strip malls, Vornado purchased seven Midtown office buildings with 4 million square feet from Bernard H. Mendik for $656 million.〔 In 1998, they purchased 20 more office buildings in Manhattan for $1.7 billion, including One Penn Plaza.〔
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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