Ziel Feldman - HFZ Capital Group Part 5
October 10, 2018
EisnerAmper Real Estate Services Group Partner Lisa Knee interviews HFZ Capital Group Chairman and Founder Ziel Feldman, who looks back on his first property, in Part 5 of this series.
LK: Did you do many deals with them afterwards?
ZF: We did a couple of deals and then we branched out to be doing deals with Lehman Brothers, a big investor of ours. Then eventually we had a lot of investors that I had cultivated from overseas, both from the Middle East and Europe, and eventually a guy Barnett. So together we spent a good part of 1992, when the market started climbing, through 2005 buying a lot of walk ups and multifamily buildings and then hotels and converting old buildings into hotels. We were probably among the busier purchasers of occupied buildings during those days. Literally over 120 buildings during a period of six, seven years and it certainly gave me much more of an insight into the ownership end as a lawyer. Having said that, being a lawyer encouraged me then, and even on the next cycles that we can talk about as well, of the complexities of the transactions that took place I probably would have been less willing to enter into if I did not have my law background.