With over 25 years’ experience in the commercial and real estate industry, Mark Salomon, has demonstrated an aptitude for uncovering unique and profitable investment opportunities in a fluid and constantly evolving market place. Showcased by an extensive career as a real estate developer, portfolio manager, and business owner, Mark has leveraged strong thought leadership, innovation, and strategic planning and analysis to make calculated, key business decisions.
As a consummate entrepreneur, Mark has extensive experience launching, expanding, and managing diverse, yet complementary business models. As the founder and chief executive officer of 21st Century Development, Mark spearheaded a residential development company that has produced numerous projects valued upwards of $200 million throughout New York and New Jersey. As part of explosive growth, the organization grew to over 100 employees with a complete portfolio of equipment, framing, roofing, mechanical, and support staff.
Leveraging large-scale vision, Mark established MPS Credit Corp. in 1990, a financial services institution, offering creative financing to customers. A full service platform, this organization holds and services $25 million in assets. In 1998, Mark introduced Pat Mar Development Corp.,an entity that has acquired a consortium of properties, including apartment buildings, shopping centers, office buildings, and day care facility across the U.S.
In 2003, Mark spearheaded the design of Owl Creek Club, a $200 million robust project in Athens, NY, that included 600 acres, 18-hole championship golf course; club house; restaurant; retail store; sports pavilion; water park; and whole and fractional residential ownership communities. This novel concept was the product of extensive due diligence, market research, financial analysis, and project acquisition efforts. Owning all pieces, Mark and his team created the infrastructure, built the brand, developed marketing materials, sourced and secured vendors, and obtained permits.
The constant theme throughout each venture is Mark’s intrinsic ability to source and structure new deals by conducting complex due diligence, analyzing financial statements, assessing risks, and performing physical facilities inspections. With exceptional knowledge of structuring financial terms, evaluating legal ramifications, and serving as a key liaison, he thrives in high-pressure environments characterized by constant change.
Most notable is Mark’s propensity for cultivating and sustaining enduring relationships with strategic partners through his commitment to excellence, integrity, and high ethical standards. As a sought-after resource for his market knowledge, and talent for managing situations in accordance with changing environments, he has entered into partnership agreements with diverse groups to invest, develop, and manage commercial and residential properties that yield profitable outcomes.
Mark began his career at Kodak as a consulting engineer in the energy management division. After two years building camera components, he realized his interpersonal communication and relationship management competencies were not sufficiently utilized. In 1982, he joined Southland Corporation as the director of construction, energy management, and maintenance for the east coast region. During these two years, he honed the foundation of his technical skills, project management capabilities, and passion for real estate construction, acquisition, and management. He significantly grew the portfolio and impacted the success of stores, gas stations, and food distribution centers.
Mark obtained his Bachelor of Science in Electrical Engineering with a Minor in Civil Engineering from Massachusetts Institute of Technology (MIT).