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Judah Hertz Retiring as Chair, CEO of L.A.-Based CRE Investment Firm
Judah Hertz, who started his real estate investment career with $1,000 and built a firm with 21 million square feet of office space, plans to retire as Chair and CEO of Woodland Hills-based Hertz Investment Group (HIG) on August 31, 2020. He started the private company in 1977, buying undervalued properties in New York City’s SoHo area. He later moved the firm to Los Angeles and today HIG owns and manages 72 high-rise properties in 24 cities across the U.S.
Hertz says, “The real estate investment industry is about finding undervalued buildings and building a valued team. I have certainly enjoyed doing both during my career. I believe we have a strong, diverse portfolio and an outstanding management team, and just felt this was the appropriate time to turn over the day-to-day operations to the next generation of leadership.”
Hertz’ will celebrate his 72nd birthday on Aug. 30, before turning the Chair and CEO reins over to his son, Zev Hertz, on Sept. 1. The younger Hertz has served as HIG VP of Asset Management for 10 years.
*Pictured at top, Hertz’ Pier 1 Imports Building in downtown Fort Worth
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