Deals & Dealmakers

Ex-El Ad boss to help Naftali expand portfolio

YOSI MANOR

Former El Ad president Yosi Manor has followed Miki Naftali out the door  to join him at his eponymous firm.

The Naftali Group announced yesterday (Wednesday) Manor  was joining the development firm as chief financial officer  and managing member.

Naftali, chairman and CEO of The Naftali Group, which  recently celebrated its one-year anniversary said, “We are excited about the addition of Yosi to The Naftali Group and believe that he will be a major asset to our team. We look forward to the expertise and industry savvy that he brings to the group.”

Manor has been charged with expanding The Naftali Group’s multifamily portfolio in the United  States.  Since launching in July 2011, the company has purchased eight properties in New York City — four multifamily rental buildings and four development sites (three of the development sites are multifamily development and one site on the Upper West Side is a condo development).

For the past seven years,  Manor has been president and CEO of El-Ad National Properties, a company which owns approximately 12,000 multifamily residential communities in nine states.

Shortly after taking on the CFO position, Manor became the CEO of El-Ad and was responsible for the strategic planning and growth of the company with a real-estate portfolio valued at $1.2B. Under his leadership the company expanded its portfolio in the multi-family residential market.

Earlier in his career,. Manor held similar financial positions in Israel, including the role of controller and CFO of established real-estate development, construction, and income-producing companies for over seven years.

He graduated from New York Institute of Technology with an MBA in Management. He also holds a BA in Statistics from Haifa University and received an LLB degree from the College of Law Studies in Israel.

 

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