Mody Kidon
| Mody Kidon | |
|---|---|
 Alto-Yaniv Mody 80 .jpg | |
| Born | September 17, 1954 Israel |
| 🏳️ Nationality | Israeli |
| 🏫 Education | Tel Aviv University |
| 💼 Occupation | Chairman of Israel Advertising Federation |
| 👩 Spouse(s) |
|
| 👶 Children | 4 |
Mody Kidon (Hebrew: מודי כידון) is an Israeli businessman, with real estate interests both in Israel and abroad. He is the chairman of the Israel Advertising Federation and a senior business manager for Gitam Image Promotion Systems, a private holdings company.
Personal life and family
Born September 17, 1954, Kidon served as a pilot in the Israeli Air Force,[1] and continued to fly until the age of 45 as a reserve pilot. He retired with the rank of major. Kidon earned a baccalaureate in economics from Tel Aviv University, and attended Harvard Business School’s six-week Advanced Management Program (AMP). He is married to Sharon Kidon (Hebrew: שרון כידון), a journalist and television personality. They are the parents of two daughters; he also has two children from a previous marriage.
Business career
Gitam BBDO
In 1981, Kidon joined the advertising firm Gitam Image Systems, founded by his father Yochanan Goldberg-Kidon (Dovz’e) (1921–1986), and by his cousin Moshe Theumim (born 1945). BBDO Omnicom purchased 49% of Gitam in 1994, turning Gitam BBDO into the first Israeli advertising agency with a global partnership.[2] In 1997, Gitam made history[3] by producing the first advertisement in space, which was noted in the Guinness Book of Records.[4] Mody Kidon was appointed in 2004 as Chief Business Officer of the BBDO Group in Israel and chairman of the TMF media company.[5] In 2011, Gitam was ranked as the leading agency by the Calcalist Financial Paper.[6]
Real-Estate
Kidon's initial foray into real-estate investing began in 1995 as a founding partner of Vitania,[7][8] with acquisitions in Israel focusing on office buildings mainly in the Ramat Hachayal (Tel-Aviv) and Herzliya 'High-Tech' Business Parks.
Alto Real Estate Funds
In 2010, Kidon, as founder and chairman, set up ALTO Real Estate Funds.[9] Alto launched a series of closed-end investment funds,[10] building up portfolios of commercial real-estate assets in the U.S. and Europe.[11] In September 2015, the company completed fundraising for its second fund, Alto Fund II, for a total of $138 million from institutional and private investors.[12] As of August 2016, Alto has invested in more than 50 properties, totaling 11 million sq.f. and with a market value estimated at $1 billion.[13] Alto maintains headquarters in Manhattan, with regional offices in Dallas and Tel Aviv.
References
- ↑ "IAF Official Website". iaf.org.il. Retrieved 11 January 2013.
- ↑ "BBDO Worldwide Acquires Stake in Gitam". theFreeLibrary. PRNewswire. 1997.
- ↑ "First commercial filmed in Space". Tnuvastory.co.il. Retrieved 11 January 2013.
- ↑ "1st Space Commercial". Guinness Book of Records. 1997.
- ↑ "TMF Zenith merger". February 2013.[permanent dead link]
- ↑ "2011 Cactus Awards". 25 May 2011.
- ↑ Rochvarger, Michael (27 December 2010). "Delek RE sells Vitania stake". Haaretz. Retrieved 24 June 2011.
- ↑ "Vitania IPO". TASE. 4 August 2015. Retrieved 29 October 2015.[permanent dead link]
- ↑ About Alto (website)
- ↑ Pincus, Adam (1 June 2013). "NY's Upstart Investors". TheRealDeal.
- ↑ "$800M in assets". Northstar. 8 October 2015. Retrieved 29 October 2015.
- ↑ "Alto Fund II Acquires Washington Park Plaza Shopping Center" (Press release). Enhanced Online News. 25 July 2016. Retrieved 3 September 2016.
- ↑ "Northstar Commercial Partners and Alto Real Estate Funds" (Press release). PR Newswire. 8 October 2015. Retrieved 3 September 2016.
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