Located in Los Angeles, Marc Menowitz is a distinguished real estate developer whose expertise was passed down through the generations. The CEO of ApartmentCorp, Marc works closely with his brother, Todd, in developing and managing a number of multi-family and commercial projects across the United States.
Historically, the Menowitz family has held great prominence in the real estate industry. This legacy was established by Harold Menowitz, who staked a great claim to New York City’s real estate in the early 1900s. Through his company, Menowitz Management, Harold rapidly undertook multifamily and commercial projects alike with unmatched success.
Eventually, his son, Frederick, took the reins of the company and expanded its reach outside of the New York metropolitan area. Having seen the nature of the work first-hand, Marc and his brother were inspired to learn as much about the real estate industry as possible to ensure that they, too, could carry on the legacy of trust associated with the Menowitz name.
And carry on they have. Since stepping into his roles of CEO, Real Estate Broker, and Investor, Marc Menowitz has led the charge toward nationwide expansion. As a result, Menowitz Management — now ApartmentCorp — has acquired and developed over 21,000 multi-family units, 5,000,000 square feet of commercial real estate, and is currently concentrating efforts on breaking into the affordable housing market.
With so many units located in major metropolitan areas, the growing need for affordable housing is not lost on Marc Menowitz and his brother. In fact, having worked so closely with a number of clients over the years, it became all the more apparent to Marc that ApartmentCorp should leverage its high industry ranking and expertise to directly combat this epidemic.
Subsequently, Marc and Todd have dedicated their time to specializing in affordable and value-added real estate acquisitions. Taking this leap has enabled ApartmentCorp to develop Section 8 projects and other properties using Low-Income Housing Tax Credit (LIHTC) without sacrificing basic necessities and quality building techniques that ultimately promote tenants’ comfort and quality of life.
Outside of his work, Marc Menowitz is fascinated by the ever-evolving realm of technology. Holding an MBA from the University of Southern California, Marc has applied a number of the principles he acquired through his coursework to improve the overall flow of operations at ApartmentCorp.
To glean further insight into Marc Menowitz’s professional background, as well as his ventures into developing low-income housing, consider checking his blog page regularly.
Marc Menowitz’s Latest Post
The right property management team can make it easy to turn a profit on rental properties. However, investors who want to get the most out of their real estate need to clearly define their arrangement with their property managers. Here are some important things that...