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Chairman and CEO of the Silverman Companies
Gilbert “Buzz” Silverman is not only the chairman and CEO, but the founder of the Silverman Companies with business operations in Detroit, Los Angeles, New York and Phoenix. All of his companies are connected strategically as synergistic partners providing geographic and multimarket diversity from a financial platform designed to maximize business opportunities.
New company launches, ramping up businesses and acquisition turnaround management has been a focus for over three decades for Mr. Silverman. Under his vision and leadership, Silverman Companies predecessors and affiliates have developed more than 25,000 multifamily and single-family units valued at well over $1 billion, ranging from affordable to ultraluxury.
Mr. Silverman is owner, chairman and CEO of Wynnestone, one of the largest and most respected property management companies in the Midwest. Founded in 1967, Wynnestone is a multimillion dollar company that boasts 35 prime multifamily properties with over 250 associates, 6,000 apartments and approximately 10,000 residents.
In March of 1999, Mr. Silverman orchestrated the merger of the homebuilding division of the Silverman Companies with Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes. After assisting with the integration of Toll’s Midwest homebuilding operations in 2001, Mr. Silverman returned full-time to the Silverman Companies where he chairs its real estate, development, construction and property management businesses. He continues to maintain an excellent relationship with Robert Toll, and the entire Toll Brothers organization.
Over the years, Mr. Silverman has assembled one of the nation’s premier real estate portfolios as a leading real estate developer, entrepreneur and investor. Often referred to as having the “midas touch,” his in-depth knowledge about the real estate industry and economy make him an expert source for many business and community leaders, investment companies and local/national media.
Mr. Silverman’s diverse investment portfolio extends beyond his own businesses. He has relationships and serves as an advisor to several Wall Street firms, including Credit Suisse. He is highly respected by his peers and over the years has compiled a substantial track record with many financial partners, including Bank One, National City Bank, Fifth Third Bank, Comerica Bank, and others. He also works closely with turnaround guru, Jay Alix, who serves on Silverman Companies’ advisory board.
Mr. Silverman is active in many community and charitable organizations including Seeds of Peace, dog rescue efforts across the country and the University of Michigan Comprehensive Cancer Center. He's most proud of the time and efforts he's contributed to REACH, a northeast Detroit-based youth program dedicated to providing a safe haven and neighborhood enrichment center for inner city kids. Because of Mr. Silverman’s mentoring and sponsoring, REACH’s basketball program is turning out some of the most talented players in the nation. They're highly-recruited and several are playing for some of the top-ranked college teams today. Mr. Silverman hopes to grow this platform on a national level.
Mr. Silverman is the very definition of the American success story. He's continually set new standards of excellence in every project in which he's involved in while expanding his interests and real estate holdings to other areas of the country. This passion and commitment has paved the way and left an indelible mark … the Silverman legacy.
Career Development and Highlights:
1980s: After attending University of California-Berkeley, Mr. Silverman began his real estate career under the tutelage of real estate mogul and philanthropist, Max M. Fisher.
1993: Mr. Silverman opens his own company, Silverman Homes.
1996: In 1996, Mr. Silverman was the youngest person ever to serve as president of the Building Industry Association of Southeastern Michigan (BIA), one of the nation’s largest and most influential real estate associations.
1997: He led the Silverman team during the company’s largest growth spurt. In 1997, Silverman was ranked the top builder in Michigan, as well as one of the top nationally.
1998: Mr. Silverman begins acquisition of Amurcon Corporation.
1999: He orchestrated the merger of the homebuilding division of the Silverman Companies with Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes.
2001: After assisting with the integration of Toll’s Midwest homebuilding operations, Mr. Silverman returned full-time to the Silverman Companies where he chairs its real estate, development, construction and property management businesses.
2006: Mr. Silverman expands the company with the openings of the Los Angeles, New York and Phoenix offices.
2007: Mr. Silverman completes his acquisition of Amurcon Corporation and becomes chairman and CEO.
2008: Mr. Silverman leads the closing efforts on four tax credit rehabilitations on apartment communities for Amurcon. He completes the first full year of operations for Urban Realty Construction and creates a new financial investment company called Affordable Housing Investments.
2009: To date, Mr. Silverman has overseen five refinancing transactions with refinancing of two more communities scheduled for later this year. In addition, two more tax credit rehabilitation deals are on schedule to close by fiscal year end.
Mr. Silverman expands operations globally into Toronto with the creation of SilverMile Partners, a process improvement company. He also purchases The Mark Residences and M Club from Toll Brothers. The new luxury condominium development features 85 units located in the heart of Scottsdale, Arizona.