Presidential Realty Corporation, established in 1909 as M. Shapiro and Son, has evolved into a publicly traded real estate investment trust (REIT) based in White Plains, NY. With a rich history in building theaters, movie houses, institutional buildings, and residential housing, the company now focuses on acquiring high dividend yielding assets nationwide.
Under new management since 2011, led by CEO Nickolas Jekogian of Signature Group Investments, Presidential Realty Corporation is actively seeking partnerships with real estate private equity funds and owner operators to expand its portfolio. Through the innovative umbrella partnership real estate investment trust (UPREIT) structure, the company offers tax benefits, diversification, and liquidity to property owners looking to convert their properties into publicly traded securities.
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