LeFrak

What LeFrak does

The LeFrak Organization is a fourth-generation, family-owned real estate company founded in 1905 by Aaron LeFrak and currently led by Chairman and CEO Richard LeFrak. Headquartered in New York City with additional offices in Jersey City, North Miami, and Houston, the company owns, develops, and manages a portfolio of more than 400 buildings across residential, office, retail, and hospitality asset classes, concentrated in the New York/New Jersey metropolitan area with growing exposure to South Florida, California, and the West Coast. Its real estate activities span master-planned communities including the 300-acre Newport waterfront development in Jersey City (operated in joint venture with the Simon family since 1986) and the $4 billion, 184-acre SoLé Mia community in North Miami (joint venture with Turnberry Associates since 2015), alongside signature assets such as 40 West 57th Street in Manhattan's Plaza District, LeFrak City in Queens, and Gateway in Battery Park City.

Beyond real estate, LeFrak operates a diversified investment platform across three segments. The LeFrak Energy division, established in 1971, holds interests in more than 800 onshore oil and gas wells plus mineral and royalty rights across 10 states including North Louisiana, the Permian, Mid-Continent, and East Texas. The LeFrak investment management arm deploys capital across venture capital (with prior exits including Affirm, Robinhood, Asana, Coupang, and SentinelOne), private equity (holdings in BankUnited, Blackstone Minerals, Corus Bank, Talmer Bancorp), public equities, and fixed income. Revenue is generated primarily through long-duration rental income across the owned real estate portfolio, supplemented by energy production royalties, hospitality operations, and investment returns. Pricing is quote-based and not publicly disclosed; distribution is executed through on-site leasing teams, commercial brokers (notably CBRE), and property-specific websites. Customer segments range from distributed residential tenants to concentrated corporate office anchors (Fidelity Investments, Loro Piana, Northern Trust, Witkoff, Le Colonial) and hospitality guests. The firm is privately held with no external shareholders, allowing patient-capital deployment without fund-life constraints.

Name

LeFrak

Legal name

The LeFrak Organization

Website

http://lefrak.com

Company type

Private

Founded year

1901

Operating status

Operating

Headcount range

251–500 employees

Short description

The LeFrak Organization is a fourth-generation, family-owned property company founded in 1905 that owns, develops, and manages more than 400 residential, office, retail, and hospitality buildings across the New York/New Jersey metro area, South Florida, and the West Coast, with additional energy and investment management operations.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Investment

NAICS

Real Estate and Rental and Leasing (53), Lessors of Other Real Estate Property (53119), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)

akta.pro secondary industries

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH), Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Real estate development
• Property management
• Commercial leasing
• Residential rentals
• Oil and gas investments

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Rental Income: Long-term rental income from residential apartments, office buildings, and retail spaces across their portfolio of 400+ buildings in New York, New Jersey, Florida, California, and the West Coast
2. Energy Investments: Oil and gas investments through LeFrak Energy division, owning interests in 800+ onshore wells and mineral rights in 10 states
3. Securities and Investment Management: Investments in venture capital, private equity, public equities, and fixed income through affiliated investment management companies
4. Property Sales and Development: Development and sale of luxury residential and commercial properties, including recent $180M acquisition of Harbour at New River in Fort Lauderdale
5. Hospitality Revenue: Revenue from hotel properties including Courtyard by Marriott, Gild Hall, and Newport Westin

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

LeFrak is a fourth-generation, family-owned property company that owns, develops, leases, and manages residential apartments, Class A office towers, retail centers, and hotels across the Northeast, South Florida, and West Coast. Beyond real estate, the firm operates a diversified investment portfolio spanning oil and gas (LeFrak Energy, 800+ onshore wells) and securities (venture capital, private equity, public equities, and fixed income) for long-term value creation.

Product overview

LeFrak Organization is a fourth-generation family-owned real estate company with over 100 years of experience owning, developing, and managing properties. The company operates across multiple business segments: Real Estate (residential, office, retail, and hotel properties), Energy (oil and gas investments through LeFrak Energy), and Investment Management (venture capital, private equity, public equities, and fixed income). The real estate portfolio includes more than 400 buildings concentrated in the New York/New Jersey metropolitan area, South Florida, and West Coast, with notable master-planned communities including SoLé Mia in North Miami, Newport in Jersey City, and LeFrak City in Queens. The investment management division manages venture capital investments in over 50 startups with successful exits including Affirm, Robinhood, and Asana, as well as private equity holdings in financial institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Properties Luxury residential apartments and rental properties across New York, New Jersey, Florida, California, and the West Coast. LeFrak affiliates own and manage more than 120 luxury residential properties offering high-end amenities such as pools, fitness centers, coworking spaces, pickleball courts, rooftop decks, and private balconies for individuals and families seeking high-end urban housing.
• Office Buildings Class A office towers including 40 West 57th Street in New York's Plaza District, 480 Washington Boulevard in Jersey City's Newport district, and 9701 Wilshire Boulevard in Beverly Hills. Over 6 million square feet of waterfront office space developed and leased to financial services, asset management, and professional services firms.
• Retail Properties Strategically located retail spaces totaling more than 4 million square feet, including Newport Centre Mall, Malibu Sands, and store-level spaces within apartment and office towers, leased to national retailers, regional brands, restaurants, and service businesses within LeFrak's master-planned mixed-use communities.
• Hotel Properties Upscale hotels in the New York City metropolitan area operated through partnerships with Marriott International and Thompson Hotels, including Courtyard by Marriott Boston Cambridge, Gild Hall, and Newport Westin, serving business and leisure travelers seeking sophisticated accommodations.
• SoLé Mia Master-Planned Community 184-acre master-planned mixed-use community in North Miami, Florida, developed jointly by LeFrak and Turnberry Associates. Includes residential towers (The Shoreline, Monarc at Met, Villa Solé), retail, hospitality, and a lagoon, transforming a former landfill site.
• Newport Master-Planned Community 300-acre master-planned waterfront community in Jersey City, New Jersey featuring residential, office, retail, and hospitality assets developed over four decades via the Newport Associates Development Company partnership between LeFrak and the Simon family.
• LeFrak Energy Oil and gas investment division managing over 800 onshore wells across North Louisiana, Permian, Mid-Continent, and East Texas regions, with mineral and royalty interests in 10 states, established in 1971 as a wholly owned subsidiary.
• Venture Capital Investments Early-stage to later-stage venture capital investments across multiple industries, with notable exits including Affirm, Robinhood, Asana, Coupang, and SentinelOne, managed through affiliated investment management companies.
• Private Equity Investments Direct private equity investments including growth equity and leveraged buyouts, with holdings in BankUnited, Blackstone Minerals, Corus Bank, and Talmer Bancorp.
• Public Equities Investments Domestic and foreign equity investments managed with a focus on mid- to long-term value and intrinsic value investing strategies through affiliated investment management companies.
• Fixed Income Investments Core fixed income portfolio with highest quality investments, supplemented by opportunistic credit investments across corporate bonds and mortgage-backed securities.
• Harbour at New River (acquired tower) 36-story waterfront residential rental tower with 337 apartments on a 1.4-acre site at 401 Southwest First Avenue, Fort Lauderdale, Florida, acquired from Related Group and Rabina Properties for $180 million in May 2026.

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered major, core and supporting.

• Vornado Realty TrustmajorStrategic or Co-development Partner · 11 March 2026Joint partnership for 50 West 57th Street property in Midtown Manhattan. Signed 15-year lease with Le Colonial for 9,600 sq ft restaurant space opening summer 2027.
• Newport Associates Development CompanycoreStrategic or Co-development Partner · 27 February 2026Joint partnership between LeFrak and Simon families for the Newport waterfront development in Jersey City. The partnership celebrated Newport's 40th anniversary in 2026 and announced a $1 million grant program for 40 Jersey City nonprofits.
• Turnberry AssociatescoreStrategic or Co-development PartnerJoint venture between LeFrak and Turnberry (Soffer family) for the $4 billion SoLé Mia master-planned development in North Miami, a 184-acre former landfill transformation. Development includes multiple residential towers, retail, and hospitality components.
• EliseAIsupportingTechnology or IntegrationTechnology partnership for AI-powered automation in marketing real estate. LeFrak Senior Director Arthur Kosmider provides video testimonial discussing use of EliseAI to automate routine marketing tasks.
• CBREsupportingChannel Partner/ Reseller/ DistributorMajor commercial real estate brokerage representing LeFrak in office leasing transactions including Fidelity Investments 185,000 sq ft renewal at Jersey City tower.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• The Related Companies: Large privately held developer and owner of mixed-use, residential, office and retail properties. Closely comparable to LeFrak as a multi-product, vertically integrated real estate platform; Related Group was the seller of LeFrak's recent $180M Harbour at New River acquisition.
• Vornado Realty Trust: Public REIT concentrated in Manhattan Class A office (including 40 West 57th Street via joint venture with LeFrak) and trophy retail. Most directly comparable to LeFrak's office and retail holdings in NYC.
• Tishman Speyer: Global privately held developer, owner and operator of office, residential and mixed-use properties. Closely comparable to LeFrak in scale, multi-product strategy and trophy-asset focus in gateway cities.
• The Durst Organization: Family-owned NYC real estate developer and owner of office, residential and retail properties. Comparable to LeFrak as a multi-generational family-controlled New York real estate firm focused on long-term ownership.
• Fisher Brothers: Family-owned Manhattan office and mixed-use owner-operator with trophy assets in Midtown. Directly comparable to LeFrak's family-controlled, long-duration New York office strategy.
• SL Green Realty Corp. Largest office landlord in Manhattan, focused on Class A Midtown office. Comparable to LeFrak's significant Class A office footprint in NYC and Jersey City.
• The Witkoff Group: Private developer/owner of luxury residential, hospitality, office and retail in NYC, Las Vegas and Miami. Comparable to LeFrak as a privately held multi-product developer; Witkoff is also a LeFrak tenant at 40 West 57th Street.

Broad incumbents

• Boston Properties: Public REIT focused on Class A office and life-science properties in gateway markets. Comparable to LeFrak's Class A office portfolio in New York, New Jersey and West Coast.
• Brookfield Property Partners: One of the world's largest commercial real estate operators spanning office, retail, multifamily and logistics. Comparable to LeFrak as a large, diversified owner-operator with mixed-use and master-planned developments.
• Equity Residential: Public REIT focused on Class A urban and high-density suburban apartments, including major NYC and Jersey City exposure. Comparable to LeFrak's 120+ luxury residential rental portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lefrak-organization

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments107 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LeFrak