Eli Verschleiser
| Eli Verschleiser | |
|---|---|
| Born |
Eli Verschleiser 1974 (age 42–43) New York City, New York, United States |
| Residence | New York City, New York |
| Occupation | Private Equity Real Estate Chairman of The Multi Group of Companies |
| Known for | Business and Philanthropy |
| Spouse(s) | Dr. Shani Verschleiser |
Eli Verschleiser is an American businessman from New York City. He is a financier, philanthropist, real estate developer, and investor in commercial real estate projects.
Verschleiser is a founding partner and Chairman of the Multi Group of Companies, a private equity real estate investment banking firm. Multi Capital LLC is the Capital Markets division of the Multi Group of Companies, and Multi Investment is the acquisition arm of the Multi Group of Companies. Through his companies, Verschleiser has been involved in over $7 billion of real estate transactions.
Multi Capital Group licensed the Trump name from Donald Trump and the Trump Organization to construct a luxury hotel and condominium complex in Philadelphia. The property was planned to be a 43-story skyscraper overlooking the Delaware River. William Alesker was the architect of the project. The project was cancelled due to the financial crisis of 2007–08 and halted construction. The property remains an empty lot.
Verschleiser was the founder and President of the public REIT United Realty Trust, along with his ex-partner Jacob Frydman. In addition he and his former partner founded United Realty Partners, a privately held firm that invests and advises in the commercial real estate arena.
Verschleiser resigned from the company, and he and his ex-partner Jacob Frydman have been embroiled in series of lawsuits over control of the company.
Verschleiser has been an active participant in a number of high-profile real estate transactions including the Trump Tower (Philadelphia), acquisition of a million square foot portfolio from Brandywine Realty Trust located throughout the state of Pennsylvania, a condominium conversion on Duane Street in the Tribeca neighborhood of New York City, and the purchase of debt on 490 apartments in the Bronx. Verschleiser through his company has represented Waterton in its $218 million acquisition of 88 Leonard Street, and a hotel development project in the Financial District of New York City.
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