Meet the “A” in A&E Real Estate

Multifamily heavyweight tied to John Arrillaga Jr., son of Silicon Valley billionaire

New York /
Dec.December 18, 2015 03:40 PM
Arriaga

From left: John Arrillaga Jr. (credit: New York Social Diary), Riverton Houses in Harlem and Douglas Eisenberg

A&E Real Estate Holdings, which has quietly grown into one of New York City’s top multifamily buyers in just a few years, has a secret up its sleeve: its co-founder.

While Douglas Eisenberg, the former Urban American Management executive, is known to run A&E, he shares ownership of the Midtown-based firm with John Arrillaga Jr., son of billionaire Silicon Valley real estate developer John Arrillaga.

John Arrillaga

John Arrillaga Sr.

Eisenberg teamed up with Arrillaga Jr. in 2011 to form A&E, which now has about $2 billion in assets and owns around 10,000 rental units throughout the city, according to sources. This year alone, the firm acquired more than $800 million in rental properties, including a 32-building portfolio across three boroughs and a $201 million city-brokered deal to buy the Riverton Houses in Harlem.

Despite these ambitious plays, A&E has flown under the radar, keeping its origins and heavyweight connections largely hidden from view.

Arrillaga Jr., a Northern California native, continues to serve as a principal at his father’s Palo Alto-based office development firm Peery Arrillaga. He previously worked at private equity firm Apollo Real Estate Advisers, now called AREA Property Partners. The latter firm aggressively bought rent-stabilized multifamily buildings in Manhattan and the outer boroughs during the mid-2000s boom, but took a hit following the downturn.

His father, who Forbes estimated is worth $2.3 billion, is credited with buying California fruit orchards in the 1960s and converting the land to office parks that now house the likes of Apple, Google and LinkedIn. He is also a driving force and a big benefactor behind the expansion of his alma mater Stanford University, where the family name adorns several buildings.

A spokesperson for A&E said Arrillaga Jr. focuses on day-to-day operations, financings and acquisitions.  Arrillaga Jr. splits his time between New York and California, where he is involved with his family’s business as well as other non-real estate business ventures.

On paper, Eisenberg and Arrillaga Jr., who declined to comment, have several similarities. They are both in their mid-40s and heirs to a successful family real estate business that have since branched out on their own.

Eisenberg’s father, Philip Eisenberg, is a principal at West New York, N.J.-based Urban American, which owns tens of thousands of apartments in the New York area. Last year, the firm sold a stake in the nearly 4,000-unit Putnam portfolio to Brookfield Property Partners for $1.04 billion.

Adam Pincus contributed reporting. 


Related Articles

arrow_forward_ios
From left: William Macklowe Company's William Macklowe and A&E Real Estate's Doug Eisenberg along with 120 Fifth Avenue in Brooklyn, Acropolis Gardens in Astoria, and 2750 Homecrest Avenue in Brighton Beach (Getty, Google Maps, William Macklowe Company, A&E Real Estate)
Billy Macklowe, A&E scored biggest outer-borough loans
Billy Macklowe, A&E scored biggest outer-borough loans
A&E’s Douglas Eisenberg and 140 Riverside Boulevard (Google Maps, A&E RE, Getty)
A&E lands $188M loan for UWS rentals — 5 months after buying them
A&E lands $188M loan for UWS rentals — 5 months after buying them
A&E’s Doug Eisenberg and Square Mile’s David Greenberg with 160 Riverside Boulevard (A&E Real Estate, Square Mile Capital Management, Google Maps)
Square Mile bankrolls A&E’s $415M UWS apartment deal
Square Mile bankrolls A&E’s $415M UWS apartment deal
From left: Sam Zell and Douglas Eisenberg along with 160 Riverside Boulevard (Getty Images, A&E Real Estate, Google Maps, iStock)
A&E nears $400M deal for another of Zell’s former Trump Place buildings
A&E nears $400M deal for another of Zell’s former Trump Place buildings
A&E Real Estate's Doug Eisenberg (AE, Google Maps)
A&E makes another big multifamily play with LeFrak buy
A&E makes another big multifamily play with LeFrak buy
Equity chairman Sam Zell in front of 140 Riverside Boulevard (Getty Images, Equity Residential)
Sam Zell sells former Trump Place apartments on UWS for $266M
Sam Zell sells former Trump Place apartments on UWS for $266M
A&E Real Estate's Douglas Eisenberg with Cunningham Heights (iStock,  Cunningham Heights, A&E)
A&E makes biggest Queens apartment deal of pandemic
A&E makes biggest Queens apartment deal of pandemic
Court backs tenants in J-51 class action against landlord
Court backs tenants in J-51 class action against landlord
Court backs tenants in J-51 class action against landlord
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...