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

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

TRD 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
Housing Trust Group CEO and president Matt Rieger and Hudson Village renderings

HTG scores financing for Hollywood affordable housing project

HTG scores financing for Hollywood affordable housing project
 Rendering of Father Marquess-Barry Apartments with Matt Rieger

HTG scores financing for senior affordable housing in Overtown

HTG scores financing for senior affordable housing in Overtown
Fortune International Group’s Edgardo Defortuna, Château Group’s Manuel Grosskopf and a rendering of the project

Fortune and Château score $119M refi for Sunny Isles condo project

Fortune and Château score $119M refi for Sunny Isles condo project
Rendering of the project and from left: Vince Signorello, Ricardo Caporal and Greg West

Zom Living, partners score $57M loan for Ludlam Trail project

Zom Living, partners score $57M loan for Ludlam Trail project
6405 West Boynton Beach Boulevard rendering, Pebb Enterprises President and CEO Ian Weiner

Sprouts-anchored mixed-use project in Boynton Beach scores $27M loan

Sprouts-anchored mixed-use project in Boynton Beach scores $27M loan
Greg Ward, Ward Law Group at 6625 Miami Lakes Drive (Credit: Google Maps)

Ward Law buys Miami Lakes building for new HQ

Ward Law buys Miami Lakes building for new HQ
Shoma Group CEO Masoud Shojaee and a rendering of Ten30 South Beach

Shoma nabs $18M construction loan for condos near Lincoln Road

Shoma nabs $18M construction loan for condos near Lincoln Road
Rendering of Wynwood 28 and Laurent Morali 

Kushner lands $18M loan for Wynwood projects

Kushner lands $18M loan for Wynwood projects
arrow_forward_ios

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

Loading...