Pinnacle Group
| ISIN | 🆔 |
|---|---|
| Industry | real estate management |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | , New York City , United States |
Area served 🗺️ | |
Key people | Joel Wiener (CEO) |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Pinnacle Group is a New York real estate management company.[1][2] Its CEO is Joel Wiener.[1]
As of 2017, the company managed $2 billion worth of real estate, including 10,000 mostly rent-regulated apartments, primarily in New York City.[3][4] Wiener has also converted 25 buildings into condominiums.[3][5][6] The firm is known for its long-term investment in multi-family projects.[7][7] As of 2016, 99% of its apartments were rent-regulated.[8] As of 2018, the portfolio had an occupancy rate of 97 percent.[9]
Pinnacle Group trades on the Tel Aviv Stock Exchange in Israel under the name Zarasai Group.[10][11][12] It has raised over $500 million on the Israeli bond market.[10][13][1][14][15][16] That has been one of the largest bond sales by a non-Israeli company in Israel’s history.[17]
References[edit]
- ↑ 1.0 1.1 1.2 Konrad Putzier; Will Parker (October 29, 2019). "Look to Israel for Signs About New York Landlords". The Wall Street Journal.
- ↑ "The Zarasai Group Ltd".
- ↑ 3.0 3.1 "Joel Wiener | Pinnacle Group". The Real Deal New York. November 20, 2017.
- ↑ "New York's Zarasai Group seeks to raise NIS 500m on TASE". Globes. February 5, 2013.
- ↑ "Pinnacle Group | 12 Crown Street | Joel Wiener". The Real Deal New York. November 14, 2016.
- ↑ "Pinnacle Group | 142-20 Franklin Avenue | Flushing Condos". The Real Deal New York. March 14, 2017.
- ↑ 7.0 7.1 "Pinnacle Group NYC | Joel Wiener Pinnacle". The Real Deal New York. January 27, 2015.
- ↑ "Pinnacle Group I Joel Wiener | 136-04 Cherry Avenue". The Real Deal New York. November 1, 2016.
- ↑ "Pinnacle Group | 323 West 96th Street | Joel Wiener". The Real Deal New York. July 10, 2018.
- ↑ 10.0 10.1 "Israeli Bond Market | Pinnacle Group | Joel Wiener". The Real Deal New York. March 17, 2016.
- ↑ "NY rent rule revamp sends shock waves". Crain's New York Business. June 7, 2019.
- ↑ "NYC Firms Rush Changed Israeli Bond Market After Crash". The Real Deal New York. October 1, 2019.
- ↑ Rey Mashayekhi (April 26, 2017). "NYC Landlord Joel Wiener Raises Another $120M on Israeli Bond Market". Commercial Observer.
- ↑ "New York Property Firm Finds Second Home in Tel Aviv". Haaretz. February 14, 2013.
- ↑ "Pinnacle Group | Joel Wiener | Tel Aviv Stock Exchange". The Real Deal New York. November 2, 2017.
- ↑ Bautista, Christian Brazil (October 24, 2017). "Pinnacle Group buys 112-unit Rego Park resi building for $31.5M".
- ↑ Chadha, Janaki (October 31, 2019). "Council Speaker backs homeless housing bill". Politico PRO.
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