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In 2001, the company acquired Charles E. Smith Residential Realty, the apartment company founded by Charles E. Smith and the largest real estate owner in the Washington, D.C. metropolitan area, in a $2.2 billion transaction. [4] [5] In 2007, the company was acquired by Tishman Speyer and Lehman Brothers in a $22.2 billion transaction. [6]
Charles Emil Smith (né Schmidoff; March 28, 1901 – December 30, 1995) [1] [2] was a real estate developer and philanthropist in the Washington metropolitan area. Biography [ edit ]
Robert Smith oversaw construction and development, and Kogod led leasing and management. [3] In 1995, Forbes estimated the Smith family fortune to be worth $560 million. [ 3 ] In 2001, the residential division of the company was merged into Archstone , which was sold to Equity Residential and Avalon Bay in 2013.
Joseph Sitt (1964–), real estate investor, founder of Thor Equities and plus size women's clothing company Ashley Stewart, Inc. [10] [21] [24] Albert H. Small (1925–2021), real estate developer and philanthropist [153] Charles Smith (1901–1995), Russian-born D.C.-based developer and founder of Charles E. Smith Co.; member of the Smith ...
From January 2008 to February 2010, if you bought shares in companies when John F. Bookout III joined the board, and sold them when he left, you would have a -74.9 percent return on your investment, compared to a -24.9 percent return from the S&P 500.
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