How a banker from Ohio became a successful real estate developer - Business Insider

Currently the founder and CEO of Ohio-based, Kaufman's story begins as a banker, first as an analyst then as a mezzanine lending team member.

In 2000, he quit banking and landed a job at Schottenstein Real Estate Group in Columbus, where he spent six years growing the company's development arm. "I started to do some things on my own, just little rehab projects here and there, and experimenting with a thesis that I had developed, which was that I thought you could bring really high design to affordable price ranges in urban settings," he said.

In the late '90s, he bought a duplex and renovated it using things like granite countertops, glass backsplashes, and stainless steel appliances. These are all features that you'll find in most new apartments in the country, he said, but they were rare at the time, "at least in Columbus." "We're offering coaching and counseling, and backing various entrepreneurs in ways that can hopefully help people and the experience they have as a human being," he said. Kaufman isn't just paying lip service to mental health-driven development, either, it's at the heart of one of his newest developments: Gravity, a 230-apartment development with office and retail space in Columbus.

"We, as the owner of the community, Gravity, sell a small portion of the overall community to Rhove. Then Rhove offers the residents an opportunity to buy into the community through their rent," he explained. "Then, when there is a liquidity event, a refinance, or a sale, [the renters] benefit from it."

Lol that looks like a chap who was once Lichen... is it not? ‘Wolf of Wall Street’

nice

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