A resident of south Florida for over thirty – five years, RICHARD FINKELSTEIN has earned a well deserved reputation for performance, leadership, integrity, and community service. He entered the market as a member of the senior management team of a locally based, national publicly traded housing firm, before embarking on a number of his own successful residential and commercial real estate ventures. In 1992 he co-founded KENCO COMMUNITIES and as its President the past twenty years has delivered over 3,000 homes with and aggregate value in excess two and a half billion dollars. KENCO'S homes and communities are recognized for their luxurious appointments and meticulous attention to detail and workmanship. Due to astute land purchases, cost containment and maximization of consumer pricing these projects generated fiscal returns well above typical industry standards.
Finkelstein's guidance, insights, and intimate local market knowledge is sought out by numerous national and international institutions, and investors, and is highly valued when making significant business decisions.
Southern Properties Fund and was Co-Founded by Finkelstein (and Michael Wohl) over Fifteen years ago to acquire and operate Multi-Family rental communities. The entity successfully accumulated a portfolio of 1500 units which have delivered a strong return on partner's investment.
Finkelstein has enjoyed valued Co – Venture relationships with numerous entities including; Taylor Morisson, JE Robert company, Melvin Simon and associates, the Mack family, the Belfer family, and international financier, George Soros.
He has established a deep legacy of community and charitable involvement, including: Founding trustee and current President of the Daniel D. Cantor senior center - Sunrise, FL, National Trustee: the University of Maryland, Board of Director - National Conference of Christians and Jews, Governor the Honda Golf Classic foundation, past Chairman of the city of Pompano Beach redevelopment authority and numerous other positions.
He earned his undergraduate degree from the University of Maryland, and Post graduate credentials from the New York University Institute of Real Estate. He holds Florida state licenses as: Certified General Contractor, Real Estate Broker, and Property Manager.
Prior to the formation of Ascend, Borg was a member of the Senior Management Team at Kenco Communities since 1992. He was involved in the acquisition, municipal entitlement and project development for a number of the firm's most notable residential communities. In total, Borg has built, sold and delivered more than 1,000 residential homes, with a value of approximately $500 million. He also orchestrated numerous land acquisitions and dispositions, and played a meaningful role in the acquisition and successful repositioning of numerous multi-family assets, including San Marco Apartments in Miami, and Jacaranda Club in Plantation. For over two decades, Borg has been recognized in the south Florida real estate community for his innovative sales and marketing campaigns, attention to design details, and a "customer first" business philosophy.
Borg began his real estate career in the Tucson and Phoenix markets as a sales and leasing associate for a large commercial development firm. He worked in the New York City metropolitan area as director of business development for a major general contracting firm, Kreisler Borg Florman, specializing in high-rise residential buildings. He entered the Florida real estate market in 1990 as a vice president of leasing and sales for a significant regional commercial builder/developer, Crocker & Company, where he handled transactions involving numerous Fortune 500 users. Recently, he has been a special advisor to First Southern Bank (Boca Raton) and Fremont Capital (San Francisco – the Bechtel family) on their REO properties.
Mr. Borg, a second-generation builder, holds a Master of Science Degree in Real Estate Development from Columbia University, and a Bachelor of Science Degree in Business Administration from the University of Arizona, as well as a Florida Real Estate License. He is an active member of his community, having served as the Treasurer for Congregation B'nai Israel in Boca Raton, on the Board of Directors of Kreisler, Borg, Florman Construction Company in Scarsdale, NY, as Fundraising Coordinator for Saint Andrews School, Boca Raton, and as a board member of Boca Helping Hands.
Mr. Wohl's abilities are enhanced by his in-depth familiarity with real estate and law. He is a second-generation real estate developer, carrying on his family's successful tradition of quality development first started in New York and carried down to South Florida with Mr. Wohl's relocation to the area in 1975. Mr. Wohl had been active in real estate development and management while continuing to practice law until 1990, when he formed his own full-service real estate firm, which has owned and managed over one million square feet of commercial property and 700 apartment units in Florida. He co-founded Pinnacle housing in 1997, fifteen years later Pinnacle is recognized as the leading producer of affordable housing in the southeast United States having delivered over 6,000 units in over 40 complexes, all of which the firm still owns.
Mr. Wohl has extensive experience in negotiating, documenting and closing acquisitions and sales of residential, industrial and commercial office space. Mr. Wohl is well versed in project financing and leasing and he heads Pinnacle's acquisition and disposition efforts. Mr. Wohl is a recognized industry leader in devising approaches to developing affordable housing in an urban environment. Mr. Wohl is chairman of the distinguished Urban Land Institute's Center for Workforce Housing, which continually works to solve the persistent affordable housing problems in Dade, Broward and Palm Beach counties. He earned both his B.A. and J.D. Degrees at Syracuse University where he serves the University as a Trustee, and is a Licensed Real Estate Broker and Mortgage Broker.