Age, Biography and Wiki
Rubin Schron was born on 1939 in United States, is an An american orthodox jew. Discover Rubin Schron's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 85 years old?
| Popular As |
N/A |
| Occupation |
Real estate investor |
| Age |
85 years old |
| Zodiac Sign |
|
| Born |
1939, 1939 |
| Birthday |
1939 |
| Birthplace |
N/A |
| Nationality |
United States
|
We recommend you to check the complete list of Famous People born on 1939.
He is a member of famous Founder with the age 85 years old group.
Rubin Schron Height, Weight & Measurements
At 85 years old, Rubin Schron height not available right now. We will update Rubin Schron's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Who Is Rubin Schron's Wife?
His wife is Marta Schron (deceased)
| Family |
| Parents |
Not Available |
| Wife |
Marta Schron (deceased) |
| Sibling |
Not Available |
| Children |
Eight |
Rubin Schron Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Rubin Schron worth at the age of 85 years old? Rubin Schron’s income source is mostly from being a successful Founder. He is from United States. We have estimated Rubin Schron's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Founder |
Rubin Schron Social Network
| Instagram |
|
| Linkedin |
|
| Twitter |
|
| Facebook |
|
| Wikipedia |
|
| Imdb |
|
Timeline
Rubin "Rubie" Schron is a New York City real estate investor, philanthropist, Torah scholar, and the founder of Cammeby's International Group.
Founded in 1967, Cammeby's portfolio includes office buildings; market-rate and government-subsidized apartment complexes; nursing homes, the 16-building complex in Sunset Park now known as Industry City; a stake in the bottom half of the Woolworth Building; and industrial properties across Long Island.
In 1967, he founded the real estate investment company Cammeby's International Group.
Typically partnering in all his transactions, Schron steadily grew the business.
In 2002, Schron was advised by his friend and attorney, Leonard Grunstein, to purchase two large nursing home chains with over 18,000 patients and 183 facilities spread out over 27 states for a combined $1.4 billion.
In 2003, an investment group led by Schron paid $705.6 million for a portfolio of about 6,000 outer-borough apartments from Donald Trump.
Other buildings he owns include the Monterey, a 521-unit rental multifamily building on Manhattan's Upper East Side; over the decades, Schron has also amassed a portfolio of Mitchell-Lama apartment buildings whose values have been skyrocketing to record values, after reverting to market rates when government subsidies expired.
In 2003, the bankrupt Integrated Health Services (renamed SavaSeniorCare) was purchased and in 2004, Mariner Health Care was purchased.
Schron financed the entire transaction.
They split each company into two entities: a real estate company which would hold the real property (run by Schron); and an operating company that would run the nursing homes (run by Grunstein and a banker named Murray Foreman).
The operating company would make lease payments to the real estate company.
The partnership deteriorated after Schron was told by Grunstein that he could not raise rent payments even while interest rates were rising.
A lawsuit resulted and Schron countersued to exercise a $100 million option to purchase the nursing home side of the business.
In 2007, he sold nearly 4,000 units of former Mitchell-Lama properties in five complexes in Harlem and on Roosevelt Island for $940 million.
Schron, who practices Orthodox Judaism, has eight children and 50 grandchildren.
He and his family reside in Brooklyn.
Schron grew up on the Lower East Side of Manhattan in an Orthodox Jewish family.
His family entered the real estate business by using the proceeds from the death of his brother in World War II to purchase a small apartment building.
Schron continued with the family business purchasing several buildings in the Bronx.
In 2007, Cammeby's was managing over $1 billion in assets.
Rubin Schron partners with Avrohom Fruchthandler president of FBE Limited on most of his large real estate deals.
Significant transactions include:
Schron, represented by attorney Andrew J. Levander, prevailed and in 2012, he took full control of the two nursing home companies with a combined $1.4 billion in revenues.
In 2013, Schron made an unsuccessful offer to buy the Empire State Building for $2 billion.
Schron lost his wife Marta ( Hebrew Mattel Leah) in June 2020.
They had eight children together.
He lives in Brooklyn in the same single-family home where he raised his family.
