American real estate executive (born 1971)
Adam C. Hochfelder (born 1971) is an American real estate executive who co-founded the real estate firm Max Capital in 1996, with members of the powerful Kalikow real estate family. At its peak, Max Capital had ownership or management stakes in of space, including the Helmsley Building and the Conde Nast Building. His portfolio was valued at as much as $2.7 billion at its peak. Some of the nation's largest institutions invested side by side with Hochfelder including JP Morgan, Citigroup, Wells Fargo, Goldman Sachs, Credit Suisse and Fidelity. He bought out N. Richard Kalikow from his partnership because of a soured relationship in 2002. Hochfelder paid Kalikow $35 million, of which $18 million was Hochfelder's own money, and he borrowed $17 million from banks to help finance the buyout of Kalikow. Some of the loans were collateralized in a manner inconsistent with reporting regulations. Hochfelder voluntarily paid back all of the money to complete the transaction. Due to NYS regulations, he was obligated to serve 14 months in a NYS program. Hochfelder is known as the "Wharton Whiz Kid" for his ability to financially structure and acquire some of NYC's largest properties which helped him generate multimillion-dollar deals. Currently, Hochfelder is the Managing Director of Real Estate Acquisitions &amp; Development at Merchants Hospitality.
Early life and education.
Born to a Jewish family and Hochfelder was raised on Long Island, in Old Westbury, NY. In 1993, he graduated from University of Pennsylvania's Wharton School of Business.
Career.
After school, he worked as a broker and eventually formed a partnership with Richard Kalikow, cousin of Peter Kalikow. He served as co-CEO of the firm, named Max Capital.
Deals.
Hochfelder was also responsible for the acquisition of 2412 Broadway, a luxury residential apartment building on the Upper West Side and for Merchants Hospitality’s acquisition of the Global Hospitality &amp; Restaurant Brand, Philippe Chow located in NYC.
Convictions.
In 2010, he was sentenced to serve at least two years and eight months, with a maximum of eight years in prison for fraud.
On March 1, 2019, Hochfelder entered into a guilty plea to a misdemeanor after being charged with scheme to defraud in the 1st degree.
Personal life.
His first wife was Amy Meadow; they had two sons and were divorced in 2009. In 2016, he married Lisa Damiani; the wedding ceremony was held at the Mandarin Oriental in New York City.
Hochfelder funded the development of the NYC Parenting Center which aids first-time mothers in need. Hochfelder has developed low-income housing in New York and Philadelphia. He has contributed to HELP USA, and has been an active coach in youth sports in Manhattan. Hochfelder was featured in the NYC Skyscraper Museum and has been honored by several national charities for his involvement and contributions to multiple causes.
References.
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