Marvin Kratter

Marvin Kratter (born November 9, 1915, in Brooklyn, died October 24, 1999, in Encinitas, California) was a New York-based real estate developer who was the head of the Kratter Corporation, National Equities, Countrywide Realty, Knickerbocker Brewery, Rom-American Pharmaceuticals, and the Boston Celtics.

Biography Born to a Jewish family, Kratter graduated from Brooklyn College (1937) and Brooklyn Law School (1939). Kratter started his career as a certified public accountant in New York City. He moved to Tucson, Arizona in the 1930s and he started a dude ranch, Rancho del Rio Estates, in 1945. Kratter's ranch went bankrupt in 1949 and he moved back to New York City, where he became one of the first to practice real estate syndication. The deal included a five-year lease that allowed the Dodgers to move out as soon as a proposed Downtown Brooklyn stadium was ready for business and Kratter to raze the ballpark and redevelop the land for a $25 million housing project beginning in 1961. The team left for Los Angeles after the 1957 season. In 1977, Kratter released a solo album What I Did for Love under the name Mark Matthews. They had two sons, Leslie Kratter and David E. Kratter, and a daughter, Sherry Santa Cruz.