Alan Casden’s profile picture

Alan Casden

CEO, Chairman & Founder, Casden Properties LLCCEO, Chairman & Founder, Casden Properties LLC
Alan Casden’s profile picture
Net worth 2018: $1.2 Billion
Industry: Real Estate
Country: United States
BirthDay: 1945
Children: 5
Education: Bachelor of Arts / Science, University of Southern California
BIOGRAPHY

Alan Casden was bornon 1945 in United States, is CEO, Chairman & Founder, Casden Properties LLCCEO, Chairman & Founder, Casden Properties LLC. Los Angeles real estate investor and developer Alan Casden's net worth is down $700 million from a year ago due to a drawn-out breakup with investing partner Cerberus Partners, a New York private equity firm. The pair stopped making payments in November 2010 on $30 million in debt owed on several Los Angeles-area properties, and as a result are being sued for mortgage foreclosure by lenders led by Comerica Bank. Casden's representative has said the properties will be brought out of default once the dispute is resolved, but given the lawsuit, Forbes is discounting the value of these properties. Casden Properties opened a 276-unit rental home development in Burbank in late 2010 and is planning to develop an apartment and retail complex in West Hollywood. Casden also owns 3,100 luxury apartments in the Los Angeles area. He collects antique Jewish coins. After attempting to buy the Los Angeles Dodgers in 2003, Casden is reportedly interested once again in purchasing the Major League Baseball franchise from embattled owner Frank McCourt; he is one of a handful of billionaires said to be bidding on the team.

NET WORTH STATISTIC
2010

$1.9 Billion

2011

$1.2 Billion

2012

$1.2 Billion

2018

$1.2 Billion

TIMELINE
2011

Holocaust Memorial Council, which ended on January 15, 2011

2008

Bush appointed Casden to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008

2002

In 2002, Casden sold the majority of his real estate portfolio to the Denver real estate investment trust (REIT), Apartment Investment & Management Company (AIMCO) for $1

1980

In 1980, he bought out the Belzberg interest after a dispute regarding future strategic directions the renamed Casden Properties, LLC, based in Beverly Hills

1975

In 1975, Casden accepted a job with Los Angeles apartment developer Robert Mayer and with financial support from the Belzberg family of Canada, he was able to take control of the firm

1969

Casden excelled during his time with Kenneth Leventhal, founding the company’s San Francisco office in 1969

1968

Casden enrolled at the University of Southern California as a sophomore after his freshman year at UCLA and graduated cum laude from USC's Leventhal School of Accounting in 1968, earning a Bachelor of Science and a Masters in Business Administration from USC

1945

Casden (born 1945) is a real estate businessman who lives in Beverly Hills, California

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