Joseph Tabak – CEO
Joseph Tabak serves as the CEO of Princeton Holdings, LLC. Over the past three decades, Mr. Tabak has worked on more than $13 billion of transactions representing every commercial real estate asset class. Most of his transactions have involved high-profile properties located in and around major metropolitan areas. Here in New York City, Mr. Tabak has successfully structured and executed many large and complex transactions involving a host of iconic properties such as the Ritz Plaza, the McAlpin House at 50 West 34th street, and the Toy Buildings (among others). He continues to source, structure, and close large transactions using Princeton’s unique and enduring business model that he pioneered and continues to execute today.
By maximizing the current cash flow and ultimate value of a deal/asset through creative acquisition and repositioning strategies, Mr. Tabak is renowned for his asset management capabilities and expertise in forging long-term deals structured to withstand the most volatile real estate market cycles. During his career, he has raised funds from private, public, and institutional capital providers who have over time developed into an extensive network of major owners, operators, lenders, and financial institutions. These valuable relationships, in addition to his stellar reputation, have enabled Mr. Tabak to consistently devise creative deal structures and close complex transactions while preserving valuable investment stakes in the deal/asset.
David G. King, Jr. – Managing Director
David King is the Managing Director of Princeton Holdings LLC. In his capacity as managing director of the firm, Mr. King is involved in all of Princeton Holding’s operations, which include sourcing new investments, structuring transactions, property financings and fundraising efforts as well as the overall management of the firm. Prior to joining Princeton, Mr. King worked with Tabak on numerous real estate investments, including office, retail and multifamily investments.
Mr. King has held senior level positions in the commercial real estate business for nearly three decades, during which time he has worked on virtually every aspect of the business. He began his career working in the Real Estate Finance Group at the Bankers Trust Company, where he participated in numerous real estate financings, advisory assignments and equity investments mainly in the New York City area.
After Bankers Trust, he joined the U.S. arm of the Olympia & York Companies which, at the time, was the largest commercial landlord in the nation. At Olympia & York, which ultimately became Brookfield Properties, he was involved in numerous financing, leasing and sale transactions related to the firm’s large portfolio in the United States. He also worked extensively on the restructuring of Olympia & York’s debt prior to the Brookfield Properties transition.
Mr. King subsequently became a partner at Northstar Capital Partners, a manager of opportunistic real estate investment funds, where he oversaw numerous office, multifamily and retail investments. At Northstar, he also founded and managed the firm’s mezzanine and subordinate debt investment business and built a substantial debt platform in partnership with a major institutional investor. In 2006, he left Northstar to form the First Point Companies, which chiefly invested in multifamily assets located in New York City and major East Coast markets. The First Point Companies also continued the mezzanine and subordinate real estate debt business that King started at Northstar.
A cum laude graduate of Princeton University, Mr. King earned his MBA from the University of Pennsylvania’s Wharton School of Business.
Nazar Altun – General Counsel
Nazar Altun oversees all legal aspects and documents for Princeton’s transactions. Prior to joining Princeton, Mr. Altun was an Associate at Fried, Frank, Harris, Shriver & Jacobson LLP. Mr. Altun’s practice focused on litigation arising from highly complex commercial real estate transactions. He has advised clients in over $5 billion worth of real estate transactions. Mr. Altun also has experience in defending securities fraud investigations and civil action by the United States Securities and Exchange Commission. Mr. Altun earned his J.D., with Honors, from the George Washington University School of Law where he was named both a George Washington Scholar and a Thurgood Marshall Scholar and was selected for membership to the Public Contracts Law Journal.
Kevin Mitchell – Chief Financial Officer
As Chief Financial Officer, Kevin Mitchell brings over 10 years of professional experience in the real estate, private equity, and hedge fund industries to Princeton Holdings LLC.
Prior to joining Princeton, Mr. Mitchell was the Chief Financial Officer of a private commercial real estate investment company where he was responsible for overseeing all aspects of company operations including accounting, tax, financial and management reporting, treasury management, internal controls, annual audits, staffing, budgeting and forecasting, and deal diligence and financing.
Previously, Mr. Mitchell was the Controller at Kemany Advisory Services, a multi-billion dollar family office. In this role, Mr. Mitchell oversaw the accounting, operations, financial and management reporting as well as the treasury function for 26 investing entities holding over 200 real estate and private equity investments with approximately $3 billion of AUM. Mr. Mitchell was responsible for supervising internal staff as well as an external fund administration team in the preparation and review of all deliverables including monthly/quarterly/yearly management reporting materials, quarterly unaudited financial statements, annual audited financial statements and footnotes, annual tax filings, and investor requests. Additionally, he participated in Operational Due Diligence on prospective and existing investments and joint ventures. Prior to Kemnay, Mr. Mitchell was a fund controller at Auda Alternative Investments after beginning his career at PricewaterhouseCoopers in New York.
Mr. Mitchell received a Bachelor’s degree in Accounting as well as an MBA from Ithaca College, and is currently pursuing a Master’s degree in Real Estate Finance & Investment from New York University (NYU). Mr. Mitchell is also a licensed CPA in the State of New York.
Tyler Gordon – Associate
Tyler Gordon provides analytical support for the Princeton acquisitions team and is responsible for the implementation of business plans and strategic initiatives for real property assets acquired by Princeton. He works as part of the Princeton transaction team on every aspect of Princeton property acquisitions including financial analysis, due diligence and financing.
Prior to joining Princeton, Mr. Gordon was a commercial real estate research analyst at Maximus Advisors, an independent research/consulting firm and premier source of regional economic, real estate, residential, construction and building products analysis. While at Maximus Advisors, he would report, interpret, and forecast economic and real estate conditions in markets and sub-markets across the United States. Before joining Maximus, Mr. Gordon worked at 5:15 Capital Management, a Greenwich based hedge fund, where he focused primarily on rates products, commodities, and systematic trading.
Mr. Gordon received a Bachelor of Arts in Economics from Vanderbilt University and has also studied at the Schack Institute of Real Estate at New York University.
Ross Banon – Associate
Ross Banon is responsible for new acquisitions, financing, development, and investment management. Prior to joining Princeton, Ross was an associate at Shvo, a private commercial development company, where he was responsible for new acquisitions and involved in $2 billion of new development. Previously, Ross was an associate at Sovereign Partners, where he was directly involved in the acquisition and asset management of 3 million square feet across the office and residential sectors.
Ross holds a BA from the University of Wisconsin-Madison and an MBA from Columbia Business School.
Laura Rackett – Assistant to the CEO
Laura Rackett serves as assistant to Princeton Holdings’ CEO, Joseph Tabak. Mrs. Rackett previously worked for Long Island-based real estate investment firm Heinlein Capital Ventures, Ltd. where she assisted the senior management of the company with a range of high-level projects and tasks. A Pennsylvania native, Mrs. Rackett graduated from the California University of PA.