Jay Kislak, chairman of The Kislak Organization, dies at 96

He grew the real estate company to more than 1,000 employees

Miami /
Oct.October 04, 2018 02:45 PM

Jay Kislak

Jay Kislak, a prominent real estate investor and chairman of Miami Lakes-based The Kislak Organization died at 96 in his Miami home, the company announced.

Kislak grew the investment company from a small family business with just six employees to more than 1,000 employees with multiple lines of business.

Born in Hoboken, New Jersey, Kislak became interested in real estate at an early age, according to his obituary.

He got his first real estate license while still in high school student at Newark Academy. He then went on to earn a degree in economics from the Wharton School of Finance at the University of Pennsylvania and graduated early so he could serve as Naval Aviator in World War II.

Moving back to New Jersey in 1945 after his service, Kislak joined his family’s real estate business. In 1953, he moved to Miami to expand the company’s mortgage business and created Kislak National Bank in 1963. The bank focused on serving small business owners, condominium associations and residential borrowers. It was eventually sold to Banco Popular in 2005.

After his father became ill, Kislak took over the family business as CEO, and combined the company’s New Jersey and Florida operations in 1970.

He was involved in the business as chairman until his death. The Kislak Organization has acquired and managed more than 7,000 multifamily units, and brokered more than 1,550 commercial real estate transactions.

A celebration of his life will be held at 4 p.m. on Sunday at Temple Beth Am at 5950 North Kendall Drive, Pinecrest.


Related Articles

arrow_forward_ios
13955 Northwest 60th Avenue, Miami Lakes with (from left) Jose Oliva, Oliva Cigar Compant's Cory Bappert and J. Cortes Cigars' Frederik Vandermarliere (Google Maps, Twitter, YouTube/OlivaCigars and J. Cortes)
Family of former Florida House speaker sells Miami Lakes warehouse to cigar company
Family of former Florida House speaker sells Miami Lakes warehouse to cigar company
Photo courtesy of David Iglesias
Boca Beach House condo project scores $43M construction loan
Boca Beach House condo project scores $43M construction loan
Nick Rojo and Jeff Burns (Affiliated, iStock)
Affiliated Development launches $125M workforce housing fund
Affiliated Development launches $125M workforce housing fund
Tom Cabrerizo and 6790-6880 Southwest 80th Street (Google Maps)
Developers score $15M construction loan for Miami townhouse development
Developers score $15M construction loan for Miami townhouse development
Triton Center (iStock)
Questions surround $50M in EB-5 investments tied to former INS building: lawsuit
Questions surround $50M in EB-5 investments tied to former INS building: lawsuit
Frank Trelles and 5980 Miami Lakes Drive, Miami Lakes (Credit: Google Maps)
From underwear to surgical masks: Isaco sells Miami Lakes warehouse for $15M
From underwear to surgical masks: Isaco sells Miami Lakes warehouse for $15M
Michael S. Liebowitz and Russell Galbut (Linkedin)
Russell Galbut and partner launch blank check company, plan to raise $100M
Russell Galbut and partner launch blank check company, plan to raise $100M
Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL's Tom Hall and Danny Finkle (Google Maps, JLL)
Southland Mall’s troubled $65M CMBS loan for sale
Southland Mall’s troubled $65M CMBS loan for sale
arrow_forward_ios

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

Loading...