Tuesday, April 23, 2013

Jerald Friedman



Jerald Friedman.  Friedman is President of Friedman Developers. 
For the past decade, as Executive Vice President of Kimco Realty Corporation (the nation’s largest owner and operator of neighborhood and community shopping centers and member of the S&P 500), and since 2001 as President of Kimco Developers, Inc. ("KDI", a wholly-owned subsidiary of Kimco Realty Corporation), Jerald Friedman developed and sold more than 100 shopping centers, including sales totaling more than $1 billion and gains exceeding $200 million. KDI projects during the past decade have exceeded an average gross return greater than 100% (assuming 80% debt-to-equity financing) and annual internal rates of returns in excess of 20%. KDI developed projects ranging in size from 80,000 to over 1 million square feet throughout the country, with an emphasis in Arizona, Texas, Southeast and Northwest.

Prior to joining the Kimco family, Mr. Friedman served as Executive Vice President and Chief Operating Officer of the Price REIT (a real estate investment trust originally consisting of 5 shopping centers). In four years, Mr. Friedman grew the Price REIT to 28 shopping centers, valued at approximately $900 million, and subsequently acquired by Kimco Realty Corporation.

Before joining the Price REIT, Mr. Friedman developed shopping centers in his own firm, Kornwasser & Friedman, throughout the nation, and primarily in joint ventures with the Price Club.
Mr. Friedman received his B.A. at University of California at Los Angeles and his J.D. from the University of California at Los Angeles School of Law, where he graduated first in his class in 1969.

Jerald Friedman
President
Friedman Developers, LLC
9903 Santa Monica Blvd
Beverly Hills, CA 90212
Phone: (310) 275-9515
Email:
jfriedman@friedmandevelopers.com


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