Thor Equities Appoints Elan Blum as Residential Asset Manager

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Former Related Companies senior associate joins leading real estate firm

Elan Blum, Thor Equities

Elan's strong expertise in asset management, leasing strategy, marketing and operations will enable Thor to further enhance its portfolio of residential properties throughout New York City.

Thor Equities, a global leader in urban real estate development, leasing and management, has announced the appointment of Elan Blum as Residential Asset Manager.

Mr. Blum will be responsible for Thor’s portfolio of residential properties, including overseeing all decision-making regarding these assets, as well as creating strategic initiatives across the portfolio to maximize value.

“We are pleased to welcome Elan to the company,” said Joseph Sitt, CEO of Thor Equities. “His strong expertise in asset management, leasing strategy, marketing and operations will enable us to further enhance our portfolio of residential properties throughout New York City.”

Thor Equities owns a number of residential assets in Manhattan including The Apthorp on the Upper West Side, as well as 556-566 West 126th Street, 526 West 111th St., 17 West 125th St., 98 Morningside Ave., 838 West End Ave., and 840 West End Ave. The company also owns residential properties throughout Brooklyn.

Previously, Mr. Blum was a senior associate at Related Companies, where he managed the company’s national real estate portfolio including luxury residential units and condominiums. Prior to that, he worked at Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Roseland Property Company.

Mr. Blum has an M.S. in real estate from New York University, a J.D. from Benjamin N. Cardozo School of Law, and a B.S. from Boston University. He is licensed to practice law in New York and New Jersey.

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About Thor Equities: Thor Equities is a leader in the development, leasing and management of commercial, residential, retail, hotel and mixed-use assets in premier urban locations worldwide. The company maximizes returns for investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. Thor Equities is also the exclusive representative of global retailers through Thor Retail Advisors, a premier leasing agent for marquee properties worldwide. For more information, visit http://www.thorequities.com.

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Joshua Greenwald
Thor Equities
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