The Real Deal New York

The Closing: Ron Moelis

The affordable housing developer on his most crucial life decision and not being a 'glamour guy'

July 13, 2015 10:30AM
By E.B. Solomont

Ron Moelis

Ron Moelis (credit: STUDIO SCRIVO)

From the July issue: Ron Moelis is CEO and chairman of L+M Development Partners, which he co-founded in 1984. L+M has been responsible for $4 billion worth of real estate development, construction and investment. In a joint venture with BFC Partners and Taconic Investment Partners, the firm is developing the 1.9-million-square-foot, mixed-use Essex Crossing project on the Lower East Side.

It’s also constructing a 108-unit building on Avenue D. In addition, last year, L+M and BFC acquired a 50 percent stake in 900 apartments in the NYC Housing Authority’s portfolio for $250 million. [more]