Real estate’s up-and-coming dealmakers have faced tremendous obstacles in the past three years.
When 20-something Florida native Oren Alexander moved to New York in 2008, for example, he wanted to get into development or work for a REIT, but said he quickly discovered that “there wasn’t much opportunity.” Instead, he tried residential brokerage at Prudential Douglas Elliman, but still waited months to do his first deal. Meanwhile, the recession wiped out many young brokers and developers who entered real estate in the booming mid-2000s, as and others have reported.
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Young developers Zach Vella and Justin Ehrlich of VE Equities have been selling newly constructed units like hotcakes, while Jordan Vogel and W.
Aaron Feldman of Benchmark Real Estate Group have purchased million worth of multifamily properties in the past two years.
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