Thor Equities
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| Private Ownership | |
| Industry | Private Equity |
| Founded | 1986 |
| Founder | Joseph Sitt |
| Headquarters | New York City, New York, United States |
| Products | Real estate, Hotels, Shopping Centers, Retail, Mixed Use |
| Total assets | $10 billion |
| Website | www.thorequities.com |
Thor Equities is a real estate development, leasing and management firm, with headquarters in New York City, London and Mexico City. Thor Equities owns property in the United States, Canada, Europe, Russia, India and Latin America, including London’s historic Burlington Arcade and the Palmer House Hilton. In New York City, Thor owns retail, office and residential properties on Fifth Avenue and Madison Avenue as well as in SoHo, Flatiron, the Meatpacking District, and Brooklyn including Coney Island. Thor also has investments in major U.S. cities including San Francisco’s Union Square; Georgetown in Washington, D.C.; Robertson Boulevard in West Hollywood; Collins Avenue; Lincoln Road; Wynwood and the Design District in Miami. Thor offers investment vehicles for institutional investors through its Thor Urban Property Funds. Thor Equities also has several subsidiary companies including retail advisory and tenant representation firm Thor Retail Advisors.
Thor Equities was founded in 1986 by President & CEO Joseph J. Sitt. His first investment was a property sold at tax auction on East Tremont Avenue in the Bronx, a chronically under served retail area, where he built a one-story retail structure with money from family and friends. He proceeded to secure national retailers Rite Aid Pharmacy and Payless Shoes after convincing them of the value of this location.
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