Weekly Real Estate News
The New York City-based real estate development firm LeFrak broke with tradition by naming Adam Silfen to the newly created role of president and chief operating officer, marking the first time in the company’s 120-year history that a non-family member joined its executive hierarchy.
Silfen was previously a senior managing director in charge of acquisitions and capital markets. In a press statement, the company said Silfen “will work hand in hand with Executive Chairman Richard LeFrak along with his sons, Harrison and Jamie, who are vice chairmen” while focusing on the LeFrak residential portfolio and expanding the company into new markets, including the US Southeast.
“Adam’s appointment is a significant milestone for our company and a recognition of his great talent,” said Richard LeFrak. “We’ve grown significantly over the past wp years and need more senior hands on deck. I’ve watched Adam evolve into a top-notch executive and I’m very pleased he is joining my sons and me.”
