DAVID E. MARX
Mr. Marx’s real estate developments are quite diverse and include a wide spectrum of the marketplace. Mr. Marx is an attorney and a real estate developer in New York City. Mr. Marx has developed properties valued at approximately a billion dollars, with many of these properties continuing to be owned and managed by his various real estate entities. In addition to these entities, Mr. Marx owns the construction firm Atria Builders, LLC, and the architectural design firm DSM Design Group. As part of the group of companies owned by Mr. Marx (collectively, the “Marx Development Group”), Mr. Marx owns the federally regulated HUD Mortgage Lender, Rockhall Funding Corp., that has generated loans of more than $700,000,000.
Mr. Marx’s real estate developments are quite diverse and include a wide spectrum of the marketplace. Developments include healthcare, assisted living facilities, middle income to luxury residential complexes, hotel developments, and educational institutions. Mr. Marx’s development endeavors have fostered long-lasting financing relationships in the public and private sectors. On the public side, these relationships include the U.S. Department of Housing and Urban Development (HUD), New York City’s Housing Development Corporation (HDC), and the New York Community Preservation Corporation (CPC). His relationships in the private lending arena include but are not limited to Banco Popular, Washington Mutual, Dime Savings Bank, and The Berkshire Bank.
A major portion of the almost two million square feet of real estate development and construction Mr. Marx has completed in the New York City area includes skilled nursing homes and assisted living facilities. The development of these particular type projects is considered unique by most real estate development standards in that Mr. Marx purchased the properties, obtained the necessary zoning and community board approvals, designed the architectural and structural aspects of each in-house, constructed the buildings using in-house management and certain labor trades, and now owns the finished product. While the nursing homes are leased to New York State Certified Nursing Home Operators, the assisted living facilities are operated by a Marx management company. Each of these types of development is financed by HUD through Mr. Marx’s mortgage lending company.
The development approach described above is also implemented in a similar fashion for other properties and each is adjusted to meet the dynamic aspects of the relevant markets.
Mr. Marx earned his Bachelor of Science in Economics from Queens College – CUNY as well as his Juris Doctorate from Fordham University School of Law before being admitted to the New York State Bar. Mr. Marx serves on the Board of Directors for a prestigious private elementary school and is the lead advisor to its $30,000,000 campus upgrade. Mr. Marx is a well-respected and active member of his local community, specifically spending free time guiding religious and educational groups.