Dave schwartz12/30/2023 ![]() ![]() Schwartz grew up in Flatbush, and his father Sam Schwartz - better known these days as “Gridlock Sam” - had a major impact on the city as its former Traffic Commissioner. ![]() That deal led to a settlement between the property’s seller and the New York State Attorney General two years later. In 2016, Slate found itself in the middle of a widely publicized scandal after it bought Rivington House, a former Manhattan nursing home the company planned to convert into residential condos. Schwartz and his team also landed a major sale in the thick of the pandemic, going into contract to sell a newly built rental tower in Downtown Brooklyn to Goldman Sachs for about $100 million in early May. His firm closed on its first Los Angeles deal early last year, when it bought a pair of multifamily properties in Hollywood, and it has its eye on the housing markets in Florida, North Carolina, Tennessee, Texas and other states. Schwartz said he plans to mostly focus on workforce, transitional and other affordable housing projects moving forward - given the dire need for more below-market rental apartments around the country. Rental buildings, comprising roughly 3,000 apartments, now make up about 95 percent of Slate’s portfolio. Its properties span about 2.5 million square feet and are valued at more than $3 billion combined, according to the company. Slate, which Schwartz and his partner Martin Nussbaum founded in 2013, has completed about 50 development and renovation projects over the years and has 10 more in the works. The Manhattan-based company, which has been pivoting away from luxury condos toward affordable housing developments, has inked more than $1 billion in acquisitions in the last five years. Schwartz graduated cum laude from The University of Chicago in 2003 with a major in Economics and earned his Juris Doctor from Fordham University School of Law in 2008, where he served on the Urban Law Journal.D avid Schwartz is a principal and co-founder of Slate Property Group, the real estate development and investment firm that has been at the center of several headline transactions. ![]() Lawdragon has recognized him as one of the country’s “500 Leading Plaintiff Financial Lawyers” and he has also been featured in Lawdragon’s Lawyer Limelight series. Schwartz has been named a “Future Star” by Benchmark Litigation and was selected for three consecutive years to their “40 & Under Hot List,” which recognized him as one of the nation’s most accomplished attorneys. Schwartz has helped secure leadership roles on behalf of his clients in some of the largest securities and Delaware breach of fiduciary duty class actions, including cases against Lordstown, Nikola, Alta Mesa, Novavax, Everbridge, QAD, and others. Securities Litigation ($9.75 million settlement).
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