Located in Los Angeles, Marc Menowitz is a distinguished real estate investor whose expertise was passed down through the generations. The CEO of Apartment Corp, Marc works closely with his brother, Todd, in acquiring and managing thousands of multi-family and commercial properties across the United States.
Historically, the Menowitz family has been prominent in the real estate industry. This legacy was established by Harold Menowitz, who staked a claim to New York City’s real estate in the early 1900’s. Through his company, Menowitz Management, Harold developed multifamily and commercial projects alike with unmatched success.
Eventually, his son Frederick took the reins of the company and expanded its reach outside the New York metropolitan area. Having seen the nature of the work first-hand, Marc and his brother Todd 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 and success associated with the Menowitz name.
And carry on they have. Since stepping into his role as Chairman and CEO, Marc Menowitz has led the charge toward nationwide expansion. As a result, Menowitz Management — now Apartment Corp — has acquired and developed over 3,000,000 square feet of commercial real estate and over 17,000 multi-family units, of which almost 3,000 are affordable housing.
Because of the growing need for affordable housing, Marc has spent the last 20 years focused primarily on the development and acquisition of affordable housing units (Section 8) and Low Income Housing Tax Credits or LIHTC (Section 42). The affordable portfolio currently includes 31 properties in 8 states.
Outside of his work, Marc 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 Apartment Corp, building unique management systems that make Apartment Corp one of the most high tech property management companies.
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 world of affordable housing can be a complex one. There are many rules and regulations that one must be familiar with when working in the world of affordable housing. Although, some people are advocating for a drastic change in these rules. The proposed change...