Powerful landlord group RSA has nearly $2M in political dry powder

Glenwood Management, Parkoff Org and LeFrak help fill campaign coffers

TRD New York /
Jul.July 17, 2017 04:15 PM

The Rent Stabilization Association has a political war chest of nearly $2 million after donors like Glenwood Management, the Parkoff Organization and the LeFrak Organization helped fill the coffers earlier this year.

Through two of its affiliated political action committees, the RSA has $1.98 million on hand to spend on state political races, according to recent campaign finance filings with the state Board of Elections.

The larger of the two PACs, the Neighborhood Preservation Political Action Fund, had $1.2 million on hand as of July 13, records show.

Major contributors include Carole Litwin Pittelman, daughter of late Glenwood Management founder Leonard Litwin, and her family’s real estate firm, which contributed a combined total of $65,000. The Parkoff Organization donated $40,000, and the LeFrak Organization opened its checkbook to the tune of $30,000.

Last week former State Assembly speaker Sheldon Silver successfully had the courts overturn his 2015 corruption conviction, which centered on political donations from companies like Glenwood Management that were traded for political favors.

A December analysis by The Real Deal and ProPublica found that Glenwood, operating mostly through LLCs, gave at least $9 million to state politicians between 2000 and 2014.

In the RSA’s latest filings, BFC Partners’ managing principal Donald Capoccia personally forked over $10,000, and Pamela Harrison-Ludwick of the Brooklyn-based family firm M&R Management donated $12,500.

Through the first six months of the year, the Neighborhood Preservation PAC raised a little more than $491,000 and spent almost $173,000, with the largest donations going to state Republican committees as well as the Conservative and Independence Parties.

The smaller of the landlord group’s political committees, the RSA PAC, had nearly $770,000 on hand as of mid-July after raising more than $387,000, mostly from a large contribution the RSA made.

The Real Estate Board of New York, through its Jobs for New York committee and Real Estate Board PAC, had roughly $391,000 at its disposal, campaign finance filings show.


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

New NYC rent law “beginning to shut down investment”
348 Court Street (Photo by Justin Heiman/Getty Images)

Collapses raise questions about safety-law exemption

Collapses raise questions about safety-law exemption
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
From left: Jared Kushner, 715 Park Avenue, Deutsche Bank CEO Christian Sewing, and Rosemary Vrablic (Credits: Kushner by BRENDAN SMIALOWSKI/AFP via Getty Images; 715 Park via Google Maps; Sewing by by Thomas Lohnes/Getty Images; Vrablic by PAUL LAURIE/Patrick McMullan via Getty Images)

Apartment sale to banker for Trump and Kushner probed

Apartment sale to banker for Trump and Kushner probed
Calamity and Kabbage: Accountants riff on PPP madness

Calamity and Kabbage: Accountants riff on PPP madness

Calamity and Kabbage: Accountants riff on PPP madness
Assemblyman Harvey Epstein and Senator Brad Hoylman (Epstein by Erik McGregor/LightRocket via Getty Images; Hoylman by Roy Rochlin/Getty Images)

Lawmakers introduce bill to keep rent regulation alive

Lawmakers introduce bill to keep rent regulation alive
arrow_forward_ios

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

Loading...