Farkas Climbs to the Top with New Business Ventures

Andrew Farkas is a businessman with a plan. His recent placement on the National Real Estate Investor’s annual “Top 10 to Watch” list can only serve as foreshadowing of the rise to the top that appears to be in the cards for Farkas. Paired with his financial success in Dubai, he seems to have his hands in all the right deals.

As the current Chairman and CEO of Island Capital Group and being involved in several yachting ventures, Andrew Farkas has made it clear he’s not the type to stay still for long. His investment in Centerline reflects his confidence in the company, which will continue to focus on affordable and conventional multifamily housing. Centerline provides real estate financial and asset management services, and news of its developer and investor partners has recently made international headlines. The company has come a long way since the implementation of its Low-Income Housing Tax Credit program 24 years ago. It’s raised nearly $10 billion of equity and financed more than 1,500 affordable multifamily properties in almost every state.