The Real Deal New York

Posts Tagged ‘greg brancato’

  • Blackstone Properties CEO Kevin Ellerton
    Kevin Ellerton, the CEO of Blackstone Properties, which has snagged a significant market share but also drawn ire from competitors.

    From the February issue: At the ripe old age of 24, Kevin Ellerton is managing to become one of
    the most powerful players in the Lower Manhattan rental game. To hear
    his competitors talk, he’s also one of the most loathed.
    Ellerton is the CEO of Blackstone Properties, a company he started
    less than two years ago with a high school friend, David Yomtobian.
    (Ellerton’s company has no relation to the powerful private equity firm
    the Blackstone Group.)
    By Ellerton’s calculations, about half of all brokered rental deals
    in the Financial District and Battery Park City are inked by Blackstone
    agents. While executives at other Lower Manhattan firms say that number
    might be closer to 40 percent, they grudgingly concede that Blackstone
    has grabbed a formidable share of the rental market in a very short
    period of time. [more]

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