Gregg L. Schenker is President and Co-Managing Partner of ABS Partners Real Estate. His responsibilities include overseeing the company’s business activities, providing real estate and advisory services to the clients of the firm, long-term strategic planning for generational minded families, and organizing partnerships for the purpose of owning real estate. He is a partner in many real estate ventures owning office, hotel, retail, and multifamily properties.
Mr. Schenker has more than 30 years of experience working locally in the New York City commercial real estate industry. He began his real estate career by working at a New York City construction site in Fort Greene, Brooklyn during summer recess from college, literally learning the real estate business from the ground up. After college, his first job was with Helmsley, at the time the largest privately held real estate company in the country and a very fertile place for learning. While working at Helmsley alongside Earle Altman, a legendary veteran New York City Real Estate professional, Gregg learned the real estate business and attended the NYU Schack Institute of Real Estate. In 1999, after Helmsley began to unwind, he, along with partners Earle Altman, Dan Burack, Peter Burack, and Steven Hornstock, formed ABS.
Under the leadership of Gregg and the other ABS Partners, the ABS firm quickly became well known for its expertise in handling real estate matters for property owners and successfully organizing ventures to own real estate. Gregg consistently focused upon the benefits of long-term investing, the conservative use of leverage, and the importance of maintaining well-capitalized entities. Having fared well through many business cycles, the firm continues to participate in many of the early partnerships. Additionally, each year the firm organizes new partnerships with a growing base of investors, real estate holdings, and prominent clients who own real estate and utilize the services of the firm. Over the course of the past 10 years, the firm has steadily diversified its holdings with a concentration on the east coast of the United States.
The ABS Partners maxim is “we build partnerships that last” a guiding principle. With the influence provided by Gregg, the firm strives to perform well for its partners and clients by utilizing its key relationships, remaining flexible, employing a strong and positive work ethic, and building upon a foundation of integrity. Thanks to the support of friends, clients, and partners in the real estate community, those strong relationships, coupled with the reputation which has been established by the ABS team are the collective driving force behind the firm’s success.
Since 1999, ABS has grown from the initial group of 14 people to 80 real estate professionals located in the New York City headquarters and more than 250 employees in New York City. ABS maintains offices in Manhattan, Brooklyn, Westchester and Florida.