Sandeep Mathrani (born 1962) is an Indian-American real estate executive and the chief executive of

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 ...

, following the departure of its former CEO,

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 ...

. Prior to WeWork, he was the CEO of

GGP Inc GGP may refer to: * Gan–Gross–Prasad conjecture, a conjecture in number theory * Garden Grove Playhouse, a former theater group in Orange County, California * Gateway-to-Gateway Protocol * General game playing, in artificial intelligence * Gener ...

and the retail group of its parent company Brookfield Property Partners.

Early life and education

Mathrani was born and raised in

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

, India. He went to high school at

Cathedral and John Connon School The Cathedral & John Connon School is a co-educational private school founded in 1860 and located in Fort, Mumbai, Maharashtra.Philadelphia Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ...

in the United States alone at the age of 16. In 1983, he graduated from college at the

Stevens Institute of Technology Stevens Institute of Technology is a private research university in Hoboken, New Jersey. Founded in 1870, it is one of the oldest technological universities in the United States and was the first college in America solely dedicated to mechanical ...

Hoboken Hoboken ( ; Unami: ') is a city in Hudson County in the U.S. state of New Jersey. As of the 2020 U.S. census, the city's population was 60,417. The Census Bureau's Population Estimates Program calculated that the city's population was 58,69 ...

New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...

, obtaining his bachelor's degree in engineering and management science. In 1986, he obtained his

master's degree A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

engineering Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...

from Stevens. According to Mathrani, he first got into real estate in 1986 by selling a used Nissan Sentra and using the proceeds to buy and flip an apartment building in

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

for a $20,000 profit. In fact, he generated the funds in part by selling the Nissan and also by borrowing money using his credit card and securing a $52,000 loan from the US

Federal Housing Administration The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, created in part ...

(FHA). He was mentored by two real estate giants,

Bruce Ratner Bruce Ratner (born January 23, 1945 in Cleveland, Ohio) is an American philanthropist, real estate developer, and former minority owner of the NBA's Brooklyn Nets. Family and education Ratner was born into a Jewish family in the Cleveland metro ...

and Steven Roth (of the Vornado real estate giant).

Business career

Mathrani began as the CEO of

GGP Inc. GGP Inc. (an initialism of General Growth Properties) was an American Commercial property, commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin Bucksbaum, Martin, Ma ...

in 2011, just as the company was emerging from

Chapter 11 Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wheth ...

bankruptcy. He was hired away from his previous job as an executive with

Vornado Realty Trust Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan. Investments Notable properties owned by the ...

, the company owned by his mentor. He was CEO until 2018, when it was purchased by Brookfield Property. After the acquisition, Mathrani joined Brookfield as the chief executive of its retail property management arm. In February 2020, Mathrani was brought on board as the new CEO of the struggling real estate company

, following the ouster of its CEO

and the collapse of its IPO.

References

{{DEFAULTSORT:Mathrani, Sandeep American chief executives American technology executives 21st-century American businesspeople Living people Indian emigrants to the United States Stevens Institute of Technology alumni 1962 births WeWork people American people of Gujarati descent

Early life and education

Business career

See also

References