M id A tlantic Real Estate Journal — Thriving Under 40 — August 2023 — 21A
www.marej.com
T hriving U nder 40
David Betesh Northern New Jersey Market Specialist Gebroe-Hammer Associates Years with Firm: 2 Years in Field: 2 Organizations: NJAA, NJPOA, NMHA, NAA & NPOA
Eli Herskowitz Mercer County/
South Jersey Market Specialist Gebroe-Hammer Associates Years with Firm: 10+ Years in Field: 12 Organizations: NJAA, NJPOA, NMHA, NAA & NPOA
For as long as Eli Herskowitz can remember, real estate has been present in virtually every facet of his life. After all, it is the “family business.” “I grew up in a home where I constantly absorbed the responsibility and commitment required to successfully bring a real estate project and transac- tion from concept to fruition,” said the Mercer County/South Jersey market specialist, who credits his father with encouraging him to pursue a multifamily investment brokerage career. “My father and grandfather operated a land development, construction and management business and urged me to merge my analytical and people skills with my real estate DNA,” he added. “And, if I was going to pursue this career path, they insisted I learn it the right way: as a trainee in an established men- torship program, from the ground up, with the ‘best names in the industry’ at Gebroe-Hammer Associates.” Fast forward 10 years and Herskowitz is now spearheading the firm’s trans - action activity within the Mercer County submarket while representing client interests throughout the entire New Jersey, New York State and Philadelphia MSA corridor. His clients include multifamily property owners and investors that are private individuals and family offices as well as private equity firms and institutional investors. Since joining Gebroe-Hammer, Herskowitz has been involved in multifam- ily transactions that run the full spectrum, from traditional to complex sales. Subscribing to the philosophy that no deal is too small, Herskowitz counts a recent $1.1M trade that took 27 months from contract to close among one of his greatest professional accomplishments. “The deal involved 18 units in New Jersey’s Salem County and a number of challenges that needed to be overcome. Among these was a serious environmental
For David Betesh, the winding road that led to a multifamily investment brokerage career is an extremely unique and unconventional one. After graduating from NYU with a degree in film and TV production, along with a minor in business of entertainment, media and technology, he launched his professional career with one of the world’s leading talent agencies – Creative Artists Agency (CAA). Thereafter, he went on to serve as the second highest- ranking sales executive at a new studio and distribution company affiliated with WarnerMedia. Building on his success in these two positions, Betesh was then part of a partnership that formed a new film distribution startup. While in this role, he spearheaded the operational setup of Utopia, which achieved rapid and tremendous success as one of the leading indie film distributors. Much like the theatrical and home-video businesses, this segment of the entertainment field was disrupted by streamers producing their own films and TV and, as a result, posed limited potential – and prompted Betesh to seek his next great adventure. It was at this juncture Betesh began casting a wider net beyond entertain- ment and film – and joined Gebroe-Hammer Associates. As the newest member of the firm’s industry unique training and mentorship program, he was drawn to the inherent potential commercial real estate presented. “During my search for a new career that offered a challenging path to personal and professional achievement, I came to the realization that people always needed a place to live and so I landed in multifamily investment sales,” he said, noting he had a window into the world of commercial real estate thanks to his brother, a leading mortgage broker at Meridian Capital. According to Betesh, the multifamily investment brokerage profession allows him to meld all of the lessons learned in his earlier endeavors as well as new ones.
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CONGRATULATIONS TO OUR MULTIFAMILY RISING STARS
ELI HERSKOWITZ Central New Jersey Metro Market Specialist
DAVID BETESH North Jersey Metro Market Specialist
Representing generations of private owners, institutional investors, private equity funds and REITs since 1975. Additional focus on marketing mixed-use and free-standing office and retail properties.
973.994.4500 WWW.GEBROEHAMMER.COM 2 W NORTHFIELD ROAD, LIVINGSTON, NJ 07039
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