William Kahane

Last updated
William Kahane
Born
William Monroe Kahane

1948
NationalityAmerican
Alma mater Occidental College
Stanford Graduate School of Business
UCLA School of Law
SpouseElizabeth Ann Kahane
Parents
  • Harold Kahane (father)
  • Audrey P. Kahane (mother)

William Monroe Kahane (born 1948) is an American businessman and philanthropist. He specializes in real estate finance. He is the co-founder of the real estate finance firm AR Global.

Contents

Early life and education

William Kahane is a son of Audrey P. Kahane and Harold Kahane. His mother counseled women who were giving up their children for adoption, his father was a sales representative for the Royal Metal Corporation. [1] [2] Kahane received a BA from Occidental College, an MBA from the Stanford Graduate School of Business, and a JD from the UCLA School of Law. [3]

Early career

Kahane has been active in real estate, specifically the structuring and financial management of commercial real estate investments, for over 40 years. He began his career in 1974 as a real estate lawyer, practicing in the public and private sectors. [4] From 1981 to 1992, he worked at Morgan Stanley & Co., where he specialized in real estate and became a Managing Director. [5] While at Morgan Stanley, he oversaw real estate investment banking activities in Tokyo, where he advised on several high-profile transactions, including the sale of the Regent Hotel Chain to Four Seasons in 1992. He left Morgan Stanley to establish a real estate advisory and asset sales business known as Milestone Partners. [5] From 1997 until 2005, Mr. Kahane was on the Board of Directors of Catellus Development Corp, and served as Non-Executive Chairman from 1999 to 2001. [6]

American Realty Capital

In 2006, Kahane co-founded American Realty Capital Advisors, an investment manager that sponsored traded and non-traded real estate investment trusts (REITs). The company, which was later renamed AR Capital (ARC), raised up to $12.8 billion of equity for nine REITs that were launched as vehicles whose shares would not be traded on any public exchange, as well as the publicly listed American Realty Capital Properties, which was later re-branded as VEREIT. [7] [8]

After the founding of AR Capital, Kahane held key board positions for many of the companies sponsored by or affiliated with ARC (e.g., American Realty Capital - Retail Centers of America, American Realty Capital Hospitality Trust, AR Capital Acquisition Corp.). [9] After 2015 Kahane scaled back his involvement in some of these firms, [10] [11] [12] and SEC filings suggested that as of late 2017 he was no longer a Director in any. [13]

Philanthropy

William Kahane and his wife, Elizabeth Ann Kahane, have been recognized for their philanthropy and dedication to the support of the following academic institutions, charitable causes, and foundations:

Related Research Articles

A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.

W. P. Carey Inc. is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

Charles B. Benenson was an American real estate developer and investor.

<span class="mw-page-title-main">RioCan Real Estate Investment Trust</span>

RioCan Real Estate Investment Trust is the second-largest real estate investment trust (REIT) in Canada. It has an enterprise value of approximately $14 billion, and owns 289 primarily retail properties, with a net leasable area of 44 million square feet. The company properties are located across Canada. The current chief executive officer is Edward Sonshine.

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Spain and the United Kingdom that are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

Crown American is a privately held American company that manages and develops commercial real estate. The corporate headquarters is in downtown Johnstown, Pennsylvania, in a building designed by architect Michael Graves.

<span class="mw-page-title-main">Redwood Library and Athenaeum</span> Subscription library in Newport, Rhode Island, United States

The Redwood Library and Athenaeum is a subscription library, museum, rare book repository and research center founded in 1747, and located at 50 Bellevue Avenue in Newport, Rhode Island. The building, designed by Peter Harrison and completed in March 1750, was the first purposely built library in the United States, and the oldest neo-Classical building in the country. It has been in continuous use since its opening.

Kimco Realty® (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week.

<span class="mw-page-title-main">Alan M. Leventhal</span> American businessman and diplomat

Alan M. Leventhal is an American businessman who has served as the United States ambassador to Denmark since July 2022. He is the founder, chairman and chief executive officer of Beacon Capital Partners. Leventhal served as president and chief executive officer of Beacon Properties Corporation, one of the largest real estate investment trusts (REIT) in the United States.

Michael D. Fascitelli is an American businessman. He is a member of the Vornado Realty Trust board of trustees and former CEO and president of the company before stepping down from day-to-day responsibilities on February 26, 2013. He is a co-owner of the Milwaukee Bucks, and in 2017 founded a $500 million SPAC, Landscape Acquisitions, with Noam Gottesman where they both serve as co-chairman. Since stepping back from day-to-day responsibilities at Vornado, Fascitelli has formed MDF Capital, a family-office investment firm, Landscape Acquisitions, a hospitality and real estate focused SPAC, and Imperial Companies. He serves on the board of real estate technology startup, Cadre

<span class="mw-page-title-main">Dream Office Real Estate Investment Trust</span> Canadian investment firm

Dream Office REIT is a Canadian real estate investment trust (REIT).

<span class="mw-page-title-main">Nicholas Schorsch</span>

Nicholas Sloan "Nick" Schorsch (born March 2, 1961) is an American entrepreneur, investor, and philanthropist. Schorsch is the Chairman, CEO, and co-founder of the investment services firm American Realty Capital.

<span class="mw-page-title-main">Hamid Moghadam</span> Iranian-American business executive and philanthropist

Hamid Moghadam is an Iranian-American business executive and philanthropist. In 2011 Moghadam orchestrated the combination between AMB, a firm he co-founded in 1983, and ProLogis to create Prologis, the largest logistics real estate company in the world. Moghadam currently serves as Prologis Chairman and CEO, with Prologis operating as a multinational logistics real estate investment trust (REIT) and S&P 100 company.

Benjamin Winter Sr. was a real estate developer in New York City and founder of Winter Incorporated. Winter served as president of the American Federation of Polish Jews.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2020, the company owned interests in 62 properties comprising 10.3 million square feet.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. Based on its 2021 revenue, it ranked 630th on the 2021 Fortune 1000, and is a component of the S&P 500. As of early 2021, the firm had an enterprise value of $50 billion and is the world's largest healthcare real estate investment trust.

Business Trust in India is a new concept drawn on the lines of a similar concept prevalent in the Singaporean economy.

<span class="mw-page-title-main">First Capital REIT</span>

First Capital REIT is a Canadian public real estate company, specializing in retail real estate, and based in Toronto, Ontario. It is one of the largest retail landlords in Canada.

VEREIT, Inc. was a real estate investment trust headquartered in Phoenix, Arizona that invested in single-tenant retail, restaurant, office and industrial properties. As of December 31, 2020, the company owned 3,831 properties with an aggregate of 89.7 million square feet. The company was acquired by Realty Income in November 2021.

<span class="mw-page-title-main">Supermarket Income REIT</span>

Supermarket Income REIT is a property company which invests in retail property and holds a large portfolio of supermarkets. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

References

  1. "WEDDINGS; William Kahane, Elizabeth Wright". The New York Times. 1999-06-20. ISSN   0362-4331 . Retrieved 2018-04-16.
  2. "Dr. Audrey Kahane's Obituary on Los Angeles Times". Los Angeles Times. Retrieved 2018-04-16.
  3. "GF Capital Team - William Kahane". www.gfcap.com. Retrieved 2018-04-16.
  4. "Global Conference 2015 - Speaker: William Kahane". www.milkeninstitute.org. Retrieved 2018-04-16.
  5. 1 2 Kahane, William. "Intelligent Investing - Ideas from Forbes Investor Team". Forbes. Retrieved 2018-04-16.
  6. "| William M. Kahane". aetoscapitalasia.com. Retrieved 2018-04-16.
  7. Moynihan, Dan. "REIT Sponsor Changes Name". www.crenews.com. Retrieved 2018-04-16.
  8. "American Realty Capital Properties Rebrands to VEREIT". Wealth Management. 2015-07-28. Retrieved 2018-04-16.
  9. 1 2 "William M. Kahane: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-04-16.
  10. Kelly, Bruce (23 November 2015). "Schorsch partner William Kahane resigns as director of two AR Capital REITs". Investmentnews. Retrieved 2018-04-16.
  11. admin (2016-01-06). "Michael Weil Named a Director of Business Development Corporation of America - The DI Wire". The DI Wire. Retrieved 2018-04-16.
  12. admin (2016-01-11). "Kahane Resigns from Two ARC REITs, Weil Appointed - The DI Wire". The DI Wire. Retrieved 2018-04-16.
  13. "Insider Trading - KAHANE WILLIAM M - Form 4 SEC Filings". www.secform4.com. Retrieved 2018-04-16.
  14. "The Top 40 NYC Philanthropists" . Retrieved 2018-04-16.
  15. "Kahanes Endow U.N. Program | Occidental College | The Liberal Arts College in Los Angeles". www.oxy.edu. Retrieved 2018-04-16.
  16. "The Chronicle of Philanthropy - The news and tools you need to change the world". www.philanthropy.com. Retrieved 2018-04-16.
  17. "Gardner, Cone honored at Munson Awards". yesnetwork.com. Retrieved 2018-04-16.
  18. "Ready, Get Set, Show: The Audrain Automobile Museum Gala". Vogue. Retrieved 2018-04-16.
  19. News, Sean Flynn | The Newport Daily. "Antique car museum on Bellevue is approved". NewportRI.com l News and information for Newport, Rhode Island. Retrieved 2018-04-16.{{cite news}}: |last= has generic name (help)
  20. "History - Audrain Auto Museum". Audrain Auto Museum. Retrieved 2018-04-16.
  21. "Central Park Conservancy Annual Report 2010" (PDF). Retrieved 2018-04-16.
  22. "Central Park Conservancy Annual Report 2014" (PDF). Retrieved 2018-04-16.
  23. "Central Park Conservancy Annual Report 2016" (PDF). Retrieved 2018-04-16.
  24. "2017 Met Opera Opening Night Gala Invitation" (PDF). Retrieved 2018-04-16.
  25. "Congregation Emanu-El of the City of New York City - Bios of the Nominees to the Board of Trustees" (PDF). Retrieved 2016-04-16.
  26. "Newport Gazette - Winter 2014" (PDF). Retrieved 2018-04-16.
  27. "Preservation Society of Newport County Annual Report 2014-2015" (PDF). Retrieved 2018-04-16.
  28. "Newport Historical Society Annual Report 2016" (PDF).
  29. "2017 Summer Soiree for Newport Hospital". giving.lifespan.org. Retrieved 2018-04-16.
  30. "IYRS Leadership & Trustees - IYRS - School of Technology & Trades". iyrs.edu. Retrieved 2018-11-08.
  31. "IYRS School of Technology and Trade -- Event Homepage". www.501auctions.com. Retrieved 2018-04-16.
  32. "Plank Owners". Oliver Hazard Perry. Retrieved 2018-04-16.
  33. "Redwood Library & Athenaeum 2016-2017 Annual Report". Issuu. Retrieved 2018-11-08.
  34. "Redwood Library & Athenæum 2015-16 Annual Report". Issuu. Retrieved 2018-11-08.
  35. "Redwood Library & Athenæum 2014-15 Annual Report". Issuu. Retrieved 2018-11-08.