The Real Deal New York

Elad exec follows Naftali to new group

September 04, 2012 06:00PM

An Elad Group executive has left the international firm to join Miki Naftali’s new New York-based venture.

Yosi Manor, the former president and CEO of Elad National Properties, the Elad Group’s investment arm focusing on the Southeastern United States has assumed the role of chief financial officer and managing member of the Naftali Group, the firm told The Real Deal. Manor had served as president of Elad National (formerly known as Elad Group Florida) for seven years and managed a $1.2 billion portfolio that included more than 12,000 multi-family units. He started with Naftali Group today.

“We look forward to the expertise and industry savvy that [Manor] brings to the group,” Naftali said in a statement.

Naftali, who founded the Naftali Group in July 2011, had previously served as head of Elad Properties, the a division of the company focusing on New York City.

Naftali owns eight properties in the Brooklyn and Manhattan, including four existing multi-family properties, multi-family development sites in Lower Manhattan, Park Slope and Boerum Hill, and a condominium development site on the Upper West Side.

Manor was not available for comment, and no one in El-Ad National Properties’ office could comment on the departure today. — Adam Fusfeld