Kushner Companies taps Laurent Morali as president

Executive had previously served as head of acquisitions and capital markets

New York /
Jun.June 20, 2016 07:00 AM

Kushner Companies named Laurent Morali as the firm’s new president Monday. Morali had previously served as head of acquisitions and capital markets.

Jared Kushner will continue to head the development company as CEO.

Morali, who joined Kushner in 2008 from Calyon Securities, is the firm’s first president in a decade. He had a key role in $3.2 billion worth of acquisitions since he joined the firm in 2008, according to Real Capital Analytics, and $14 billion in deals when including sales and financing.

Most recently, Morali headed the firm’s expansion into retail investment and lending. The Real Deal broke the news in May that Kushner Companies is a lender on JDS Developments and Chetrit Group’s supertall Brooklyn project at 9 Dekalb Avenue. Kushner bought a portion of Fortress Credit’s $115 million acquisition and pre-development loan for $57.5 million earlier this year. “We looked at the basis and pricing and thought it would be a great risk-adjusted investment,” Morali recently told TRD.

In April, Kushner Companies and RFR Realty agreed to buy two Dumbo buildings owned by Jehovah’s Witnesses for $700 million. The partners previously bought a five-building portfolio in the same neighborhood from the religious group in 2013.

The Associated Press reported earlier this month that Jared Kushner has emerged as arguably the most influential voice in his father-in-law Donald Trump’s presidential campaign.


Related Articles

arrow_forward_ios
Jared Kushner and 666 Fifth Avenue (Getty, David Shankbone, CC BY 2.5 - via Wikimedia Commons)
Congress probes Jared Kushner’s dealings amid 666 Fifth Avenue sale
Congress probes Jared Kushner’s dealings amid 666 Fifth Avenue sale
From left: Kushner Companies’ Charles Kushner, Fortress Investment Group's Peter Briger, and Veris Residential’s Mahbod Nia (Getty, Fortress Investment Group, YouTube)
Kushner gets Fortress to fund hostile takeover of Veris
Kushner gets Fortress to fund hostile takeover of Veris
From left: Kushner Companies' Charles Kushner and Veris Residential's Mahbod Nia (Getty, Veris Residential)
Veris rejects Kushner’s takeover bid
Veris rejects Kushner’s takeover bid
Laurent Morali and 99 East 7th Street (left), 156 Sullivan Street (middle), and 318 East 6th Street (right) (Photo Illustration by The Real Deal with Getty, Google Maps, Compass, Apartments.com)
Kushners look to sell big piece of Manhattan apartment holdings
Kushners look to sell big piece of Manhattan apartment holdings
Kushner Companies' Charlie Kushner, Veris Residential's Mahbod Nia (Elkus Manfredi Architects, Getty, Veris Residential)
Kushner trashes Veris leadership to boost takeover bid
Kushner trashes Veris leadership to boost takeover bid
Nicole Kushner Meyer with 812 Park Avenue (Kushner, Google Mpas, Getty)
Nicole Kushner Meyer lists Lenox Hill co-op for $12M
Nicole Kushner Meyer lists Lenox Hill co-op for $12M
Puck Building at 293 Lafayette Street (Kushner)
Penthouse at Kushner’s Puck asks $35M
Penthouse at Kushner’s Puck asks $35M
Jersey City mayor Steven Fulop, Kushner Companies' Nicole Kushner Meyer and render of One Journal Square (Getty Images, Kushner Companies)
“Charlie, we did it”: Kushner breaks ground on long-delayed towers
“Charlie, we did it”: Kushner breaks ground on long-delayed towers
arrow_forward_ios

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

Loading...