LeFrak Names First Non-Family Member to Executive Team

Adam Silfen Named President and COO as Firm Charts Expansion

NEW YORK & MIAMI, Feb. 27, 2025 /PRNewswire/ -- LeFrak, one of the largest privately held real estate development companies in the country, today named Adam Silfen to the newly created role of President and Chief Operating Officer, tapping a non-family member to join the Office of the Chairman for the first time in its 120-year history.

Silfen, 49, who has spent more than two decades affiliated with the firm, will work hand in hand with Executive Chairman Richard LeFrak along with his sons, Harrison and Jamie, who are Vice Chairmen. Silfen, previously a Senior Managing Director in charge of Acquisitions and Capital Markets, will support day-to-day operations as LeFrak grows its residential portfolio and expands into new markets, including the U.S. Southeast.

"Adam's appointment is a significant milestone for our company and a recognition of his great talent,'' said Richard LeFrak, who took the helm in 2003.  "We've grown significantly over the past twenty years and need more senior hands on deck. I've watched Adam evolve into a top-notch executive and I'm very pleased he is joining my sons and me."

LeFrak has expanded from its roots as a developer of real estate for the working and middle classes in New York City, adding luxury properties in New Jersey, Florida and the West Coast. It currently has almost 1,500 residential units under development with an inventory of entitled undeveloped land in New Jersey and Florida for another 16,000 multifamily homes. It has added more than 3,000 market-rate units in the past decade, with ambitious goals for the next 10 years.

"I am honored by the trust that Richard, Harrison and Jamie have placed in me with the creation of this new position," said Silfen.  "I am excited to help them strengthen and grow the company."

Silfen began his career at Goldman Sachs before joining LeFrak in 2003. He left in 2007 to start a creditor distressed-debt workout firm that resolved several billion dollars of troubled debt during the financial crisis before returning in 2013 at Richard's request.

About LeFrak
LeFrak is a preeminent, family-owned property company committed to community development. LeFrak affiliates own and manage an extensive portfolio of real property concentrated in the New York/New Jersey metropolitan area, South Florida, and the West Coast. For more information, visit LeFrak.

Contact: Katherine Snyder, LeFrak@stuloeser.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lefrak-names-first-non-family-member-to-executive-team-302387237.html

SOURCE LeFrak