David J. Adelman
David J. Adelman | |
|---|---|
| Born | 1974 (age 49–50) |
| Nationality | United States |
| Education | Ohio State University |
| Occupation(s) | Businessman entrepreneur investor |
| Known for | CEO of Campus Apartments |
David J. Adelman is an American businessman and entrepreneur. He is the CEO of Campus Apartments and the co-founder and chair of FS Investments.
Early life and education
Adelman was born to a Jewish family and is the grandchild of Sam Wasserman, a Holocaust survivor.[1] He was raised in Penn Valley, Pennsylvania. Starting at the age of 11, the founder of Campus Apartments, Alan Horwitz served as a mentor to Adelman.[2] At age 13, Adelman invested $2,000 of his Bar Mitzvah money with Horwitz and Campus Apartments. Horwitz invested those $2,000 in off-campus student housing near the University of Pennsylvania.[3] At age 17, Adelman purchased his first solely owned investment property.[4] Adelman attended Ohio State University and graduated with a degree in Political Science in 1994. While in college, Adelman worked in the accounting office and as a leasing agent for Campus Apartments.[5] Adelman was accepted into the Temple University Beasley School of Law, but instead opted to become a Property Manager at Campus Apartments.[6]
Career
In 1997, at age 25, Adelman was named the CEO of Campus Apartments after Horwitz became Chairman of Campus Apartments.[7] As CEO of Campus Apartments, Adelman created a partnership between Campus Apartments and the University of Pennsylvania where off-campus apartments would be renovated.[8] As a result, living standards improved and crime-rates dropped in University City.[9] Adelman has worked to expand Campus Apartments outside of the realm of student housing at the University of Pennsylvania. Under his watch, Campus Apartments has built an extended-stay hotel and faculty condos on the University of Pennsylvania's campus and has built apartments at Franklin & Marshall College and Emory University.[10] Adelman's guidance has resulted in Campus Apartments acquiring more than $2 billion in assets.[11]
Personal life
Adelman is an active member of the Jewish community. He is the co-founder of Jewish Federation Real Estate, Chair of the Philadelphia Holocaust Remembrance Foundation and sits on the board of the USC Shoah Foundation.[12][13]
Adelman spoke with Eagles wide receiver, DeSean Jackson after Jackson posted an anti-Semitic quote on Instagram that was falsely attributed to Adolf Hitler. Jackson agreed to visit the Horwitz-Wasserman Holocaust Memorial Plaza with Adelman.[14]
References
- ^ "As solemn memorial to Holocaust opens on Parkway, a family and business bond is cemented". The Philadelphia Inquirer. Retrieved July 10, 2020.
- ^ "David Adelman Bumps University Housing Up a Grade". Buildings.com. Retrieved July 10, 2020.
- ^ "The Bar Mitzvah Investment". The New York Times. Retrieved July 10, 2020.
- ^ "Real Estate Mahoffs: A Developing Story". The Jewish Exponent. Retrieved July 10, 2020.
- ^ "David J Adelman: Chairman Franklin Square Capital Partners". Bloomberg News. Retrieved July 10, 2020.
- ^ "Business: Big Man at Campus". Philadelphia Magazine. Retrieved July 10, 2020.
- ^ Adam Stone (August 25, 2008). "He steered Campus Apartments with a bold strategy". Philadelphia Business Journal. Retrieved July 10, 2020.
- ^ "Vacancies on campus? What happens when the last of the Millennials graduate". The Philadelphia Inquirer. Retrieved July 10, 2020.
- ^ "Who owns what: a guide to the landlords around Penn's campus". The Daily Pennsylvanian. Retrieved July 10, 2020.
- ^ "MFE Executive of the Year David Adelman Takes Student Housing to New Heights". Multifamily Executive. Retrieved July 10, 2020.
- ^ "David Adelman on the new world of college dorms". The Philadelphia Inquirer. Retrieved July 10, 2020.
- ^ "The Chosen Ones: An Interview with David Adelman". Tablet. Retrieved July 10, 2020.
- ^ "David Adelman". USC Shoah Foundation. Retrieved July 10, 2020.
- ^ "Chairman of Philadelphia Holocaust Remembrance Foundation Speaks on DeSean Jackson Controversy". NBC 10. Retrieved July 10, 2020.