Todd S. Rich is a Co-Founder, Partner and Head of Real Estate at Declaration Partners and oversees Declaration’s real estate investment activity. Todd brings over 20 years of real estate investing and operating experience including acquisitions, dispositions, development, leasing, and management of portfolios involving over $20 billion of institutional quality real estate.

Declaration Partners is a private investment firm that seeks to be a value-added capital partner and strategic resource to founders & entrepreneurs, management teams, and asset owners. Anchored by the family office of private equity veteran and philanthropist David M. Rubenstein, Declaration invests on behalf of family offices and like-minded institutional investors. Declaration’s approach emphasizes partnership born from its family office heritage while seeking to achieve favorable long-term outcomes with strong alignment. Declaration has approximately $2.2 billion in assets under management across its private investment strategies, which include tactical growth equity, real estate, GP solutions, and other opportunistic strategies. The firm was founded in 2017 and is headquartered in New York with an office in the Washington, DC area.

Prior to forming Declaration Partners, Todd was a Partner at The JBG Companies and a member of its Investment and Management Committees, where he was involved in strategic efforts culminating in the creation of JBG SMITH Properties as a public REIT (NYSE: JBGS). Prior to joining The JBG Companies, Todd was a Managing Director at Tishman Speyer where he was responsible for the business activities of the Washington, DC region and worked in Tishman Speyer’s Chicago, London, and New York offices.

Todd holds a Bachelor’s degree, magna cum laude, from Princeton University, and was a US Fulbright Scholar. Todd serves as a board member of the SED Center and the Jewish Community Foundation of Greater Washington, and is a former board member of the Economic Club of Washington.

We really enjoyed our discussion with Todd, who is as well-liked as he is respected in the national investment market. Todd shared with us how each stop in his journey equipped him to eventually launch Declaration Partners, a unique opportunity to start a new platform with a bona fide legend of the private equity industry, David Rubenstein. Todd’s perspective on the market and his overview of Declaration’s thoughtful approach will be an interesting listen for all in the real estate and investment management arenas.

For more info on Declaration Partners, please visit: https://declarationpartners.com/

Please share with clients, colleagues and friends and thanks for tuning in!

Tom Greeley

https://www.linkedin.com/in/thomasgreeley/

tom.greeley@nmrk.com

Mike Greeley

https://www.linkedin.com/in/michaelgreeley1

Michael.greeley@nmrk.com

Jeff Karp is the President and Co-Founder of LAZ Parking LLC, the largest privately held parking operator in the country. Jeff founded LAZ Parking in 1981 and LAZ currently operates over 4,000 locations, in 452 cities and 41 states across the country. With a dedicated and passionate employee base of over 14,000 strong committed to a superior customer service experience, LAZ has been propelled into being a leader in its field. With $2.0 billion in annual revenue, LAZ Parking strives for a best in class culture, focused on conscious capitalism rooted within ESG and Diversity, Equity and Inclusion. Jeff is also a Founder and Principal Partner in LAZ Parking Reality Investors (LPRI), a vertically integrated real estate platform focused on parking assets nationally. Their mission is to identify, diligence, and acquire parking assets nationwide; finding opportunities to add value through experienced ownership and operation. LPRI’s experience extends over virtually every type of parking asset, from simple surface lots to complex mixed-use garages, and includes assets whose primary demand comes from office, retail, residential, hotels, sporting events and airports.

In addition to his business affiliations, Jeff is an active civic leader and strong supporter and board member of various charitable organizations such as the Special Olympics, Chabad House, Jewish Big Brother Big Sister, Crossroads for Kids, Save the Harbor, National Parking Association, Anti-Defamation League, Combined Jewish Philanthropies, Meriting Attention, and the American Cancer Society.

We really enjoyed our discussion with Jeff, and the story behind the LAZ Parking empire did not disappoint. As discussed during the interview, it seems we can't travel a block or two without coming across a LAZ location. Jeff was candid in sharing the many highs and lows of his entrepreneurial journey, which he has been on alongside his two co-founders who happen to be his boyhood best friends. We learned a lot from Jeff about the operational side of parking business, a sector in which our Boston capital markets team has been increasingly active over the past several years and one that intrigues many real estate practitioners.

For more info on LAZ Parking, please visit: www.lazparking.com

Please share with clients, colleagues and friends and thanks for tuning in!

Tom Greeley

https://www.linkedin.com/in/thomasgreeley/

tom.greeley@nmrk.com

Mike Greeley

https://www.linkedin.com/in/michaelgreeley1

Michael.greeley@nmrk.com

Frank H. McCourt, Jr. is a civic entrepreneur and the executive chairman and former CEO of McCourt Global, a private family company committed to building a better future through its work across the real estate, sports, technology, media, and capital investment industries, as well as its significant philanthropic activities. Frank is proud to extend his family’s 130-year legacy of merging community and social impact with financial results, an approach that started when the original McCourt Company was launched in Boston in 1893.

He is a passionate supporter of multiple academic, civic, and cultural institutions and initiatives. He is the founder and executive chairman of Project Liberty, a far-reaching, $500 million initiative to transform the internet through a new, equitable technology infrastructure and rebuild social media in a way that enables users to own and control their personal data. The project includes the development of a groundbreaking, open-source internet protocol called the Decentralized Social Networking Protocol (DSNP), which will be owned by the public to serve as a new web infrastructure. It also includes the creation of Project Liberty’s Institute (formerly The McCourt Institute,) launched with founding partners Georgetown University in Washington, D.C., Stanford University in Palo Alto, CA, and Sciences Po in Paris, to advance research, bring together technologists and social scientists, and develop a governance model for the internet’s next era.

Frank has served on Georgetown University’s Board of Directors for many years and, in 2013, made a $100 million founding investment to create Georgetown University’s McCourt School of Public Policy. He expanded on this in 2021 with a $100 million investment to catalyze an inclusive pipeline of public policy leaders and put the school on a path to becoming tuition-free.

Frank owns the French football club Olympique de Marseille (OM) and formerly owned the Los Angeles Dodgers. With family roots in the construction business dating back to the late 19th century, Frank has built upon this history with initiatives ranging from the development of Boston’s Seaport to large, mixed-use projects in Dallas, London, Miami, New York City, and elsewhere.

Frank graduated from Georgetown University. He is married to Monica McCourt and is the proud father of seven.

His book, OUR BIGGEST FIGHT: Reclaiming Liberty, Humanity, and Dignity in the Digital Age, was published by Crown on March 12, 2024.

Our conversation with Frank was eye-opening, thought-provoking and inspiring. As a legendary figure in the Boston real estate industry who has truly ‘gone global’, Frank shared with us his story from the very beginnings in America for the McCourt family all the way through to today, where he has taken on the ambitious task of fixing the internet and the role technology is allowed to play in all of our lives.

For more info on McCourt Global and Project Liberty, please visit: https://www.mccourt.com/ and https://www.projectliberty.io/

Please share with clients, colleagues and friends and thanks for tuning in!

Tom Greeley

https://www.linkedin.com/in/thomasgreeley/

tom.greeley@nmrk.com

Mike Greeley

https://www.linkedin.com/in/michaelgreeley1