Rubin Schron

Rubin "Rubie" Schron In 2003, an investment group led by Schron paid $705.6 million for a portfolio of about 6,000 outer-borough apartments from Donald Trump. Schron, who practices Orthodox Judaism, has eight children and 50 grandchildren. He and his family reside in Brooklyn.

Early life Schron grew up on the Lower East Side of Manhattan in an Orthodox Jewish family. In 2013, he purchased the Monterey, a 521-unit apartment tower, for $250 million from the Related Companies.

Nursing home investments In 2002, Schron was advised by his friend and attorney, Leonard Grunstein, to purchase two large nursing home chains with over 18,000 patients and 183 facilities spread out over 27 states for a combined $1.4 billion. Schron financed the entire transaction. They split each company into two entities: a real estate company which would hold the real property (run by Schron); and an operating company that would run the nursing homes (run by Grunstein and a banker named Murray Foreman). The operating company would make lease payments to the real estate company.

Personal life Schron lives in Brooklyn. His wife Marta, with whom he had eight children, died in June 2020.