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
Robert Finvarb and Abraham “Abie” Hidary with the site at 2534 North Miami Avenue (Koniver Stern Group)
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
arrow_forward_ios

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

Loading...