COMPANY INFO

Maurice A. Mann

CEO and FOUNDER of MANN REALTY ASSOCIATES

 

A native New Yorker, Maurice Mann holds a Bachelor of Science degree from Boston University and is a graduate of the Harvard Business School. Upon graduation from Harvard, Mr. Mann joined the NEW YORK TIMES, working in the Financial Marketing Department. Interested in real estate for many years, he subsequently started his own Real Estate Property Management Company in 1980.
He currently owns/and or manages 20 buildings. The buildings are comprised of approximately 1,500 residential units, with a market value in excess of $1,000,000,000. Additionally, Mr. Mann is a New York State Licensed Real Estate Broker.


From 2006 to 2010 Mr. Mann formed and became a majority owner in a new company that handled the exclusive management for two of the country’s largest public REITs and was also the asset manager for other Investment Trusts. This company, in conjunction with Mann Realty, managed well over $1 billion worth of high-end residential real estate in Manhattan.


Mr. Mann is an active member of the Exclusive Committee of Small Property Owners of New York (SPONY), an Executive Member of the Housing Court Reform Committee of the Rent Stabilization Association, and is on the Board of Directors of Direct Effect, the HIV-AIDS Research Support Program at the Rockefeller University. Mr. Mann is also a member of the Gramercy Park Block Association whose mission is to protect and preserve the Gramercy Park area. Most recently Mr. Mann was invited to be a panelist at the Young Jewish Professionals Business/Real Estate Symposium where he was presented with an award for his contributions to Real Estate Development.

HIGHLIGHTS

 

Mann Realty involvement with Harlem’s Beatification Project

Mr. Mann was instrumental with working with the City of New York and other landlords in the Harlem Community in creating “The Gateway to Harlem”. The GWH mission was to upgrade the public corridors of Harlem inclusive of new sidewalks, street lamps, park benches, landscaping as well as numerous other upgrades which helped to spark Harlem’s Renaissance.

 

Conversions of Rental Buildings to High End Condominiums
In the last several years Mr. Mann has concentrated on the conversions of several rental buildings to condominiums i.e. 1200 Fifth Avenue, 314 West 100th Street, 36 Gramercy Park and 478/480 Central Park West.

 

Portfolio Diversification

In 2016, Mr. Mann acquired the Barcelona in Jupiter Florida for $89 million dollars. The Barcelona is a brand new spectacular 36 Acre Rental complex in the heart of Jupiter’s Medical hub. The property offers one, two and three bedroom apartments with resort-like living and a Mediterranean vibe. Since the lease up the Barcelona has maintained an above 97% occupancy rate and prides itself with a residents wait list.

 

Fire creates opportunity for Forty two stories High Rise in Mid Town New York
After a devastating fire that destroyed two midtown buildings (in which he was instrumental in vacating 38 commercial tenants for the developer), Mr. Mann along with an associate broker spearheaded a development project resulting in a luxury 46-story high rise apartment building. The project was awarded The Most Ingenious Deal of the Year Award for the year 2000 by the Real Estate Board of New York.

ABOUT US

 

Mann Realty Associates was founded in 1980 and is recognized for its expertise in adding value to otherwise sound-performing assets in need of improvement and repositioning. The company specializes in maximizing a portfolio’s value to achieve highest occupancy and tenant retention or relocation, as appropriate.

The Company provides expert third-party real estate investment advice and property management and development services to institutional investment funds, REITS and private investors who are either participating in or wish to enter the New York City market. Mann Realty Associates can act as the buyer’s agent and/or asset and property manager. We assist to help institutional and/or private-equity investor’s benefit from value-added approach while making stabilized core opportunities.


We fulfill the trust of our clients by offering the most comprehensive services available from basic operating management to all legal, financial, and security services. We employ only experienced property managers who focus on understanding the needs and goals of your property. Our program includes rigorous preventive maintenance, immediate onsite repairs, 24-hour emergency answering service, formal inventory, and monitoring of employee performance.