Felix Sater
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Felix Sater | |
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| File:Felix Sater.jpg Felix Sater, July 2012 | |
| Born | Haim Felix Sater March 2, 1966 Moscow, Russia. |
| Education | Pace University |
| Occupation | Real estate developer |
| Years active | 1989–present |
| Spouse | Viktoria Sater |
| Parents |
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| Website | www |
Felix Henry Sater (born Haim Felix Sater, March 2, 1966) is a Russian-born American real estate developer and managing director of Bayrock Group LLC, a real estate conglomerate based out of New York City, New York. Sater has been an advisor to many corporations, including The Trump Organization, Rixos Hotels and Resorts, Sembol Construction, Potok (formerly the Mirax Group), and TxOil.
Early life and education
Felix Sater was born in Moscow, Soviet Union on March 2, 1966 to parents Mikhail and Rachel Sater. A Jewish family, the Saters emigrated to Israel when Sater was eight years old to avoid religious persecution in the Soviet Union, and eventually came to the United States, living in Baltimore, Maryland before settling in Brighton Beach, New York in 1974.[1]>Bagly, Charles V. "Real Estate Executive With Hand in Trump Projects Rose From Tangled Past", The New York Times, New York, 17 December 2007. Retrieved on 28 February 2016.</ref>
Business and advisory career
After attending Pace University, Sater started working as a stockbroker on Wall Street, working for Bear Stearns.[2] A few years later, Sater changed paths to real estate, and eventually became a senior advisor for several corporations and high-level industries in the fields of real estate, hotels, general business, investing, and oil. He served as the senior advisor to Chairman Fettah Tamince of Rixos Otelleri, a Turkish hotel and resort company, starting in 2005. In 2007, he spent time as the senior advisor of Sembol Construction, a privately-held construction company based in Istanbul, Turkey.
In January 2008, he joined the Russian real estate company Mirax Group as a senior advisor to Sergei Polonsky, staying onboard through the integration of Mirax into the holding company Potok in 2011. In 2009, Sater joined Global Habitat Solutions as a managing director. Global Habitat Solutions is a congolmerate based in New York City offering solutions in the fields of housing, energy, and infrastructure. Sater also sits as a senior advisor of TxOil, a Turkmenistan-based oil company, a position he has held since September 2011.
Work with the Bayrock Group
Sater joined Bayrock Group LLC as a senior advisor in 1999 at the bequest of the company's owner and founder, Tevfik Arif. As a senior advisor, he assisted with several projects, including executive decisions in the Trump SoHo project.
Trump SoHo
Felix Sater was a managing director of Bayrock Group LLC, as well as a senior advisor to Donald Trump and The Trump Organization when construction of the Trump SoHo began in 2006[3]Mosk, Matthew and Ross, Brian. "Memory Lapse? Trump Seeks Distance From 'Advisor' With Past Ties to Mafia", ABC News, New York, 10 December 2015. Retrieved on 28 February 2016.</ref>
He played a major role throughout the process of the building's construction, and remained managing director of Bayrock Group when the Trump SoHo project was completed in 2010. The building is a $450 million, 46-story, 39-unit hotel condominium located at 246 Spring Street in SoHo, New York City. The project was a collaboration between The Trump Organization, Bayrock Group LLC and Tamir Sapir.
Other projects
Sater has been an advisor, investor, or developer in notable real estate projects including the Trump International Hotel & Residence in Phoenix, Arizona, the Conrad Fort Lauderdale and Midtown Miami in Florida, and Cornwall Terrace and 1 Blackfriars in London.[4][non-primary source needed]
Personal life
Sater currently resides in Port Washington, New York, where he lives with his wife, Viktoria, and three daughters. He is an active member of the Chabad of Port Washington, and in both 2010 and 2014 was named Man of the Year.[5][6]
Legal Issues
Felix Sater was convicted in 1998 of racketeering, according to a New York Times report in 2007.[7]
References
- ^ Cite error: The named reference
NYTwas invoked but never defined (see the help page). - ^ Idov, Michael. "Trump Soho Is Not an Oxymoron", New York Magazine, New York, 7 April 2008. Retrieved on 28 February 2016.
- ^ Cite error: The named reference
ABCwas invoked but never defined (see the help page). - ^ "Felix Sater Project Portfolio", Retrieved on 28 February 2016.
- ^ "Dinner 2010: Felix Sater". Retrieved on 29 February 2016.
- ^ "Felix Sater - Man Of The Year: Chabad of Port Washington". Retrieved on 29 February 2016.
- ^ Bagli, Charles V. (17 Dec 2007). "Real Estate Executive With Hand in Trump Projects Rose From Tangled Past". The New York Times. Retrieved 11 March 2016.