June 6th, 2016 Posted in Global Real Estate | No Comments »
Donald Trump and Real Estate
To streamline and minimize blog maintenance, I will be discontinuing maintaining the realestateexpedition.com website (however, I will still hold the domain). I will gradually move all articles from this site to A Dawn Journal. This article originally published on the above website on Mar 1, 2011.
Even in these days of severe recession it is only the likes of Donald Trump who can say, “Well, real estate is always good, as far as I’m concerned.” For him it has always been “It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.”
Being born to Fred Trump, a New York property developer on June 14th, 1946, Donald Trump began his journey in the real estate industry quite early in his life and went on to stamp the Trump brand name on many prestigious properties in New York. Many prime properties including fine hotels, building complexes and casinos in New York City bear Trump’s name.
Since a young age, Donald was strongly influenced by his father’s business sense and he acknowledges the same by stating that his father was his mentor and that he learned tremendous knowledge from him especially in the construction industry. Donald Trump completed his studies at Wharton Business School and subsequently joined the real estate business developed by his father. During the 5 years that he worked in the family business under his father, Donald Trump made numerous profitable deals to an extent where his father even admitted to Donald’s having a Midas touch and said that whatever Donald touched seemed to turn to gold. Donald gained invaluable business skills under his father and then moved on to test the waters of the Manhattan real estate market. He successfully acquired numerous exclusive properties here, including Trump Taj Mahal Casino Resort, Trump Casino, Trump Tower, Trump Marina Hotel, Trump International Hotel, etc. Donald’s portfolio of prestigious properties just seemed to grow exponentially. All the real estate properties that become a part of the Trump Empire proudly carry the Trump name prominently, not only in their titles but also by the symbolic “T” displayed on distinctly visible areas of the building.
The Trump organization has been responsible for recognized developments across the world and also happens to be the only luxury super brand in global real estate. Its leadership in developing real estate, sales and marketing as well as property management is unparalleled. They have been able to maintain a high level of excellence and luxury in all their real estate projects that range from retail and office properties to residential complexes. Trump properties have been sought after for the quality and excellence they stand for. The Trump organization demands superior quality and perfection in minute details no matter what the project is; whether it is a hotel or a residential project, a luxury resort or a golf course, or even if it is a commercial and retail office – they all get the Trump treatment. The lifestyle and experience that Trump offers on owning one of their properties is unparalleled. The standard of perfection is visible in every aspect, from the design-driven facades created with cutting edge technology by renowned architects and the flawless interiors in which no detail is considered trivial. These are specifically designed to consistently maintain the world-class service that Trump is so renowned for.
The Trump organization owns 26 domestic properties in the U.S.A and 6 international properties. One such domestic property is the Trump International Golf Club and residences in Puerto Rico. This property has been developed to combine a beach resort with a world-class golfing facility and lavish residences over one thousand acres on a private peninsula on the Atlantic Ocean. The highlights of the property are pristine beaches and exquisite landscapes with an oceanic view in the front and the lush greenery of El Yunque Rainforest creating an appealing background. The property houses 3- and 4-bedroom residences, two world-class 18-hole golf courses, a 46,000 square-ft. clubhouse with an outdoor pool, a fitness center, a spa and many restaurants.
The Trump organization’s investment in global real estate encompasses Capcana in Dominican Republic, Dubai, Israel, Istanbul in Turkey, Panama City, Seoul in South Korea and Toronto in Canada. The Trump Farallon Estates in Cap Cana, Dominican Republic has been one of the most significant real estate developments in the Caribbean. The white sands, the crystal blue water, the coral reefs, the palm trees, the wildlife sanctuaries that all make up the mesmerizing Caribbean attract investors from across the world to the Trump Farallon Estates. This complex has more than 1000 residential units, a 350-room Club Hotel, an international golf course and 2 condominium residential units.
Future plans of the Trump organization include real estate development through hotels in Scotland’s Aberdeen, New Orleans, LA, Cap Cana in Dominican Republic and in Dubai, UAE. Almost all the hotels developed by Trump have luxurious guestrooms and suites, with most of them providing stunning oceanic views, golf courses and golf villas, private access to beaches, exclusive beach club, boutique shopping and fine dining.
The organization is not limited to only development and sales of properties but also has a division dedicated to providing real estate brokerage services in both commercial and residential sectors. They provide discreet, professional and quality service. Through a simple form on their website, the team of brokers dealing directly with Trump apartment owners or Greenthal managed buildings help provide the best brokerage in any area that one may be looking for. Their other services include portfolio expansion through ground-up development projects, existing property redevelopment, repositioning of properties that are under-performing as well as reflagging of currently operational hotels. The Trump organization has a stake in almost every aspect of real estate property development and with its 35-year history in hotel development and management they have proved themselves to be an unparalleled leader in the industry.
Trump has not only been successful as a real estate developer but in other areas of businesses too. Apart from this, he even bears a celebrity personality with many magazines and gossip columns frequently reporting news about him. He has also been the inspiration for television programs and he even starred in his own 2004 reality program, The Apprentice.