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    Efstathios Valiotis

    Alma Realty
    31-10 37th Avenue, Suite 500
    Long Island City, NY 11101
    (718) 267-0300

    Efstathios Valiotis, who goes by Steve, is the founder and president of privately-held Alma Realty Corp, a landlord and real estate development firm in New York City.

    Valiotis was born in Greece, moved to the United States in 1972, and worked as a busboy, a dishwasher, a newsstand clerk, and a furniture salesman before getting into real estate. His first real estate investments were conversions of abandoned industrial and warehouse buildings into upscale residential loft buildings.

    His other businesses include a stake in Alma Bank, as well as suppliers of construction and plumbing services. In Europe, Valiotis allegedly participated in a 1990s corruption scheme, in which an intermediary bribed officials at Banque Franco-Hellenic de Commerce to secure a $5.7 million loan for Valiotis shipping business, Levant Lines. Ten other banks had denied the company its loan request.

    The Chetrit Group, headed by brothers Joseph and Meyer Chetrit, and Alma Realty, founded by Efstathios Valiotis in 1988, rounded out the top five, with 8.3 million square feet and 7.2 million square feet in holdings, respectively...