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

Biography

Schreiber was born to a Hasidic Jewish family in

London London is the capital and List of urban areas in the United Kingdom, 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 dow ...

. He moved to

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...

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 (state), New York. Kings County is the most populous Administrative divisions of New York (state)#County, county in the State of New York, ...

, 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, boroughs of New York City. The borough is also coextensive with New York County, one of the List of co ...

. 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 fami ...

and Miguel McKelvey) 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 neighborhood in the New York City borough of Brooklyn, bordered by Greenpoint to the north; Bedford–Stuyvesant to the south; Bushwick and East Williamsburg to the east; and the East River to the west. As of the 2020 Unit ...

; they redeveloped the real estate and subsequently signed

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

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

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 and JPMorgan Asset Management. Also in 2012, he partnered with

Kenneth S. Horn Kenneth is an English given name and surname. The name is an Anglicised form of two entirely different Gaelic personal names: ''Cainnech'' and '' Cináed''. The modern Gaelic form of ''Cainnech'' is ''Coinneach''; the name was derived from a b ...

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 Joseph is a common male given name, derived from the Hebrew Yosef (יוֹסֵף). "Joseph" is used, along with "Josef", mostly in English, French and partially German languages. This spelling is also found as a variant in the languages of the mo ...

, Isaac Hager, 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 Pa ...

, 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)