I became a principal of the entire organization in 1993 along with Dan Tishman, as well as the operating partner of our real estate activities. By 1996, we had ground up developed and opened over 6,000 hotel rooms. At that time, we split the company into two separate operating entities and raised growth capital for our real estate entity.
As a firm, we have continued to evolve. After we sold the construction company in 2010, we wanted to expand the scope of our investment activities, so we created an RIA, built an in-house fixed income securities group, and expanded our efforts in venture and seed investing. While we maintain a core focus on real estate and development, I think we have brought a diversity of skills to the firm that has only made us better.