ESRT exec Thomas DeRosa lists 930 Fifth co-op for $5.9 million

TRD NEW YORK /
Sep.September 14, 2018 05:33 PM

Thomas DeRosa and 930 Fifth Avenue

Empire State Realty Trust director Thomas DeRosa has listed his 930 Fifth Avenue apartment for $5.9 million.

The Corcoran Group brokerage put the three-bedroom Lenox Hill co-op on StreetEasy on Friday. The sixth-floor in the Emory Roth-designed building features Central Park views and has been recently renovated.

In addition to his role at ESRT, a publicly traded real estate investment trust, DeRosa is the CEO of Welltower, a REIT focused on healthcare and senior facilities. He received total compensation of more than $10.5 million from Welltower last year, filings show. DeRosa was previously vice chairman of Rouse Company.

DeRosa bought the apartment in 2012, paying $3.9 million.

In a joint venture with Houston-based builder Hines, Welltower is developing an ultra-luxury, 15-story senior living rental in Midtown.

“You take someone who’s lived at 88th and Park their entire life and you, all of a sudden, say I’m moving you to New Canaan, Connecticut,” DeRosa told Bloomberg in 2016. “Because that’s the closest assisted-living facility I can get you into — that is unacceptable. You will kill that person.”

Hell of a sales pitch.


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