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Eyal Ofer

From Vision to Victory: The Inspirational Success Story of Eyal Ofer

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Israeli real estate & transportation magnate Eyal Ofer resides in Monaco. He now serves as chairman of International Holdings, Ofer Global, as well as Zodiac Maritime Limited. Zodiac Maritime has a network of over 130 boats and is a privately owned maritime firm.

Exclusive OMNI Offshore Terminals along with Royal Caribbean Cruise Lines are only two of Eyal’s many maritime ventures. 15 Central Park West, The Altria Group, alongside The Greenwich Village medical facility that is undergoing renovations are all part of his commercial property portfolio, though. He also has stock in the Israeli Mizrahi Tefahot Bank.

Eyal Ofer
Image Source: lloydslist.maritimeintelligence.informa.com

The parents of Eyal were Sammy Ofer and Aviva Ofer. Another shipping tycoon as well as one of the wealthiest men in Israel was his father. After purchasing his first ship in 1950, he rapidly grew his maritime business.

He held stakes in several other firms, such as Israel Chemicals, Oil Refineries Limited, Tower Semiconductor, etc. His mother Aviva Ofer was a homemaker.

In 2014, the Baltic Exchange of London granted him an honorable lifetime permit for his contributions to international shipping and the UK shipping sector.

Also Read: Startup Visionary to Global Success: Journey of Johnny Boufarhat

As per Lloyd’s List, he is considered to be one of the most prominent and influential maritime owners in the sector” and has been included among the top 100 figures since 2013, such as tenth in 2016 and seventh in 2014, 2021, and also in the year 2022.

In 2012, and 2013 as well as in 2015, he delivered a speech at the Milken Institute Global Conference. Ofer also frequently travels for the yearly gathering of the World Economic Forum in Davos.

Ofer became part of the Advisory Board of the Bloomberg New Economy Forum in 2018 which is a group of industry experts from business, politics, education, and charity all together.

Bloomberg estimated his overall wealth to be 20.7 billion USD in June 2023.

In 1980, Ofer originally relocated to New York City to launch his family’s real estate business. He made investments in Park Avenue South buildings via his holding firm, Global Holdings, which he then rented to legal and public relations businesses.

He built up an empire of real estate over decades thanks to his extensive understanding of ships, which gave him the confidence to handle other physical assets.

Altus Group

Altus Group, a software company making ease for the real estate industry.

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Software is everywhere today, and we are getting quite habitual of doing most of the important daily works using this software. Companies from almost every industry have raised above the physical ledgers and have started to save and process their data on computers using specialized software. Developers have also taken advantage of this opportunity, and we see new sorts of software coming into the market almost every day. Altus Group is one such company that has made it big in the industry by providing similar software for real estate. Yes, there is software customized for easing out the jobs for the real estate industry too. Altus Group is a resultant group that came out of a merger between three famous real estate consulting companies, and today, it has made it big in the industry by building innovative software for the same industry.

About Altus Group

In 2005, three real estate consulting companies came together to merge and make Altus Group. In the beginning, the company offered the same old consultancy services to people, but eventually, it established its base as a software company as well. The company is only about 16 years old, but with its experienced past, it was able to make big in the industry through its two business segments, i.e., Atlus Analytics and Commercial Real Estate Consulting. Altus Group is a publically held company and trades on Toronto Stock Exchange with ticker AIF. The company headquarters is located in Toronto, Ontario, Canada, and about 2200 people are working for it. As per the latest records, Altus Group made revenues worth C$567 million for the last financial year (2020). The company has its clients based in North America, Europe, and the Asia Pacific.

Altus Group
Image source: realestatesindustry.com

Establishment of the Company

Gary Yeoman, a Canadian consultant, came together with two other major Canada-based real estate consultancy companies to build Altus Group. Along with its inception, the company went public on the Toronto Stock Exchange, and Yeoman became the first CEO of the newly founded company. In 2006, the company also entered the land surveying industry by opening a branch in Western Canada.
The real reason behind the growth of the company in such a small period was the strategic expansion it did through acquisitions. In 2007, Altus Group acquired Edwin Hill, and in 2009 it acquired Page Kirkland 2009, followed by the acquisitions of Brazos Tax in 2010, Complex Property Advisors in 2013, SC&H Group’s State & Local Tax Practice in 2014. The journey of the company as a software developer began with the acquisition of PricewaterhouseCoopers’s valuation management practice in 2010 and ARGUS Software in 2011. Altus started to trade for its software with the business name ARGUS.
In 2019, Altus as ARGUS launched the cloud-based version of ARGUS Enterprise product, one of the most popular products by the company. Currently, the company is focusing more on data, analytics, and technology solution. Altus made its latest acquisition was in November 2021, where it purchased an American real estate data company Reonomy.

The CEO at Altus Group

Mike Gordon is the current CEO of Altus Group. He is a Northwestern University Alumn, where he received a BS in Industrial Engineering. Gordon has also got an MBA in Finance and Business Economics from the University of Chicago. After working for a few companies at the start of his career, Gordon became the Vice President at Capgemini in 2001. Then he joined FICO and held different positions in a period of 9 years. In November 2014, Gordon switched to Callcredit Information Group and became the group CEO. He left the company to become the Chairman and Board Member at Hometrack. He has also served Fintech and Constructionline as the non-Executive Director. In September 2020, Gordon joined Altus Group and became the CEO of the company.