Alma Realty is a New York City-based landlord and real estate developer founded in 1988 by Efstathios Valiotis. As of 2015, the founders daughter, Ekaterina Valiotis, worked at the family-run firm as director of management for New Jersey, where Alma's portfolio includes Center City Mall and the residential conversion of the Alexander Hamilton Hotel in Paterson as well as properties in Jersey City, Newark and Trenton. The firm also owns properties in Westchester County. Alma's Astoria Cove, a planned 1,723-unit housing complex on the Queens waterfront in which a quarter of units were to be charged below-market rent, was put on hold in July 2016. Critics allege the company cuts corners on maintenance and safety at its buildings and gives short shrift to tenants' rights. In 2015, Con Edison found that eight buildings in the Bronx and Upper Manhattan owned by Alma Realty had illegal gas hookups.