Mr. Auster joined Grid Properties in 2009 as a Managing Director responsible for sourcing acquisitions and new development projects as well as overseeing the leasing of Urban Strategic Partners’ new projects and existing retail portfolio.
Prior to joining Grid Properties Mr. Auster was a partner in the New York City office of Ripco Real Estate Corp. – a boutique commercial brokerage company specializing in retail real estate leasing throughout the New York metropolitan area. During his 11 years with Ripco he specialized in representing landlords and developers in the leasing of the retail space in their properties throughout New York City. His clients included building owners and developers such as Archstone, Kimco Realty Corporation, RREFF Alterative Investments, The Apple Bank for Savings and The Argo Corporation. Mr. Auster completed transactions with many prominent tenants including Marshalls, T.J. Maxx, Best Buy, JP Morgan Chase Bank, Darden Restaurants, Bank of America and Staples. He continues to maintain close ties with major national and regional retailers. In addition to his many leasing assignments throughout New York City, Mr. Auster specialized in existing properties and retail developments along the 125th Street corridor and throughout other parts of Harlem where he oversaw the completion of more than 20 significant leasing transactions.
Prior to joining Ripco, Mr. Auster was a senior analyst with BRT Realty Trust where he focused primarily on analyzing equity and debt investments for the company. In addition, he was asset manager for a portfolio of internally held commercial properties and was responsible for the organization’s relationship with the capital markets.
Mr. Auster began his career in real estate in Washington D.C. working as a lobbyist for the Building Owners and Managers Association (BOMA) International. He is a graduate of the University of Maryland and New York University’s Schack Institute of Real Estate, where he received a Master’s of Science in Real Estate Development and Investment. He is a member of the International Council of Shopping Centers where he is a board member for the Next Generation Committee, The Real Estate Board of New York and both The NYU Schack Institute of Real Estate and University of Maryland Alumni Associations. Mr. Auster is a licensed real estate broker in the State of New York.
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