Joel Schreiber is a British-born American real estate developer, investor, and founder of Waterbridge Capital.

Biography

Schreiber was born to a

Hasidic Jewish Hasidism, sometimes spelled Chassidism, and also known as Hasidic Judaism (Ashkenazi Hebrew: חסידות ''Ḥăsīdus'', ; originally, "piety"), is a Jewish religious group that arose as a spiritual revival movement in the territory of contem ...

family in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

. He moved to

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

and in 2000 - with the help of his family and private investors - purchased residential real estate in

Brooklyn Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, be ...

, upstate New York, and New Jersey. In 2004, he sold most of the residential portfolio to concentrate on commercial properties in

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

. In 2006, he founded Waterbridge Capital as a vehicle for his investments. Waterbridge generally leaves the development of properties to its partners and focuses on raising capital and finding partners. His first major investment was the $190 million purchase of 536 Broadway in 2007. In 2010, he purchased a 33-percent interest in

WeWork WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2021, the company operated of space, including in the United States and Canada, in 756 locatio ...

(founded by

Adam Neumann Adam Neumann ( he, אדם נוימן; born April 25, 1979) is an Israeli-American billionaire businessman and investor. In 2010, he co-founded WeWork with Miguel McKelvey, where he served as CEO from 2010 to 2019. In 2019, he co-founded a family ...

and

Miguel McKelvey Miguel McKelvey (born 1974) is an American businessman, and the co-founder and former chief culture officer of WeWork. Early life McKelvey grew up in a "five-mother collective" in Eugene, Oregon. His family started and ran a weekly newspaper call ...

) for $15 million after meeting the founders who were inquiring about a potential lease. McKelvey stated that the deal was a pivotal moment for the company. In 2012, he partnered with Ben Bernstein and Ben Stokes of RedSky Capital and purchased a group of properties for $66 million on Bedford Avenue in

Williamsburg, Brooklyn Williamsburg is a Neighborhoods in Brooklyn, neighborhood in the New York City borough (New York City), borough of Brooklyn, bordered by Greenpoint, Brooklyn, Greenpoint to the north; Bedford–Stuyvesant, Brooklyn, Bedford–Stuyvesant to the s ...

; they redeveloped the real estate and subsequently signed

Apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple fruit tree, trees are agriculture, cultivated worldwide and are the most widely grown species in the genus ''Malus''. The tree originated in Central Asia, wh ...

to a 20,000-square-foot retail lease. In 2012, Schreiber partnered with Brooklyn real estate investor

David Werner David B. Werner (born 26 August, 1934) is author of the book ''Donde No Hay Doctor'' (''Where There is No Doctor''), co-founder and co-director of HealthWrights (based in Palo Alto, California) and Adjunct Associate Professor at Boston University ...

and purchased

One Court Square One Court Square, also known as the Citigroup Building, is a 50-story office tower in Long Island City, Queens across the East River from Manhattan in New York City. It was completed in 1989 by Skidmore, Owings & Merrill LLP for Citigroup. The ...

for $481 million in

Long Island City Long Island City (LIC) is a residential and commercial neighborhood on the extreme western tip of Queens, a borough in New York City. It is bordered by Astoria to the north; the East River to the west; New Calvary Cemetery in Sunnyside to the ...

Queens Queens is a borough of New York City, coextensive with Queens County, in the U.S. state of New York. Located on Long Island, it is the largest New York City borough by area. It is bordered by the borough of Brooklyn at the western tip of Long ...

from

Stephen L. Green Stephen Lawrence Green (born January 28, 1938) is an American real estate developer. He is the founder and former Chairman of SL Green Realty Corp., which claims to be Manhattan’s largest owner of office buildings. He retired in January 2019 an ...

's,

SL Green SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2019, the company owned 43 properties comprising 14,438,964 square feet. Notable proper ...

and

JPMorgan Asset Management JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the wo ...

. Also in 2012, he partnered with Kenneth S. Horn of Alchemy Properties and WeWork's Neumann and purchased for $68 million the top floors of the

Woolworth Building The Woolworth Building is an early skyscraper, early American skyscraper designed by architect Cass Gilbert located at 233 Broadway (Manhattan), Broadway in the Tribeca neighborhood of Manhattan in New York City. It was the tallest building in ...

which they converted into condominiums. It is uncertain how much of an interest Schreiber presently holds in WeWork; the latest pre-IPO valuation is $48 billion (August 2019). Along with fellow Hasidic developers in

, Joseph Brunner,

Isaac Hager Isaac Hager is an American real estate developer who founded the New York City-based Cornell Realty Management. Biography Isaac "Itzy" Hager was born in the 1970s and belongs to the Vizhnitz Hasidic Jewish community based in Williamsburg, Brook ...

, Yoel Goldman, and Simon Dushinsky, he is one of the prominent real estate developers in Brooklyn who has catalyzed the gentrification of the Brooklyn neighborhoods of Williamsburg,

Bushwick Bushwick is a neighborhood in the northern part of the New York City borough of Brooklyn. It is bounded by the neighborhood of Ridgewood, Queens, to the northeast; Williamsburg to the northwest; East New York and the cemeteries of Highland Par ...

, Greenpoint, Borough Park, and Bedford-Stuyvesant.

Personal life

Schreiber is married and has children.

References

{{DEFAULTSORT:Schreiber, Joel Living people Businesspeople from London American Orthodox Jews American people of English-Jewish descent American real estate businesspeople British Orthodox Jews Year of birth missing (living people)