Age, Biography and Wiki

David Werner (real estate investor) was born on 1953, is a Founder. Discover David Werner (real estate investor)'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 70 years old?

Popular As N/A
Occupation Real estate investor
Age 70 years old
Zodiac Sign
Born 1953
Birthday 1953
Birthplace N/A
Nationality

We recommend you to check the complete list of Famous People born on 1953. He is a member of famous Founder with the age 70 years old group.

David Werner (real estate investor) Height, Weight & Measurements

At 70 years old, David Werner (real estate investor) height not available right now. We will update David Werner (real estate investor)'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

David Werner (real estate investor) Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is David Werner (real estate investor) worth at the age of 70 years old? David Werner (real estate investor)’s income source is mostly from being a successful Founder. He is from . We have estimated David Werner (real estate investor)'s net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Founder

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Timeline

1997

Werner started his career as an accountant and then began to invest in real estate with partners from his community in Brooklyn. After bidding on a building that was being sold by the estate of real estate investor Sylvan Lawrence, he found out that he had the right to seek a price reduction but instead committed to the transaction as he had given his word. In 1997, he was rewarded for his integrity by Lawrence's heirs who gave him first rights to a portfolio of four buildings which Werner purchased for $387.5 million and sold his interest for a $7.5 million profit. As one of the buildings (111 Eighth Avenue) was later sold to Google for $1.8 billion, Werner changed his investment strategy and started holding a higher interest (typically 10%) for a longer period. Werner is considered a real estate syndicator following the model pioneered by Harry Helmsley meaning that he makes a bid for a property putting down a large nonrefundable cash down payment and then goes to his investor network to raise the additional money to close the transaction and secure a fee. From 2000 to 2014, Werner purchased $10.6 billion in real estate including the 2003 purchase of 11 Madison Avenue for $673 million. In 2012, Werner partnered with Brooklyn real estate investor Joel Schreiber and purchased One Court Square for $481 million in Long Island City, Queens from Stephen L. Green's SL Green and JPMorgan Asset Management. In 2014, with $2.4 billion in purchases, he was the single largest purchaser of real estate in New York City which included the $1.5 billion purchase of 5 Times Square from Allan V. Rose's AVR Realty and the $900 million purchase of the Socony–Mobil Building from Hiro Real Estate. His long time investment partner is Mark Karasick who will own and manage the property while Werner earns a transaction fee and maintains his minority interest. In 2019, he paid $500 million for a 40% interest in 237 Park Avenue from Scott Rechler's RXR Realty and Walton Street Capital.

1953

David Werner (born c. 1953) is an American real estate investor and founder of David Werner Real Estate.