JHSF Participações S.A. Maintains the Lead in the Brazilian Real Estate Sector Thanks to Jose Auriemo

JHSF Participações S.A. is the top on the list of the largest real estate firms in Brazil. The company mostly develops high-end commercial projects, although it also leads when it comes to the development of luxury residential homes. It has been the company behind the development and management of the majority of the most prestigious shopping centers and luxury hotels in Brazil. The company was also contracted by the Brazilian government to develop one of the country’s international airport. JHSF is publicly-traded where its shares can be found at BM & FBovespa’s Novo Mercado.

JHSF Growth

JHSF opened its doors in Sao Paulo in 1972, and the city has since served as the company’s headquarters. As it continued to grow, JHSF opened offices in other strategic cities in the country, including Salvador and Manaus. With a strong local base, the company set out to conquer real estate industries in countries neighboring Brazil. They have so far opened international offices in U.S. cities of New York and Miami as well as in Uruguay. The total employee population in JHSF exceeds 5000 people, with the hiring trend showing that the figure is not coming down anytime soon. The company’s value was over $1 billion in assets as at October 2015. As a result of this impressive growth, Bovesta listed JHSF among the leading companies in Corporate Governance a decade ago.

Key Strategies

One of the chief contributors to the tremendous growth and widespread acceptance for JHSF is its consistency in delivering on quality. Secondly, the company has for a long time been praised for its hawk-eyed business approach that enables it to identify investment opportunities not seen by its competitors. Thirdly and most importantly, JHSF has put a lot of emphasis on sustainability and innovativeness in all of its project.

Jose Auriemo Neto

JHSF’s CEO and chairman is José Auriemo Neto. He has worked with the company for 24 years now, and he has served in executive positions for 20 years. In his capacity, he was the man behind the development of Shopping Santa Cruz and Ponta Negra Shopping Center, Manaus.

Jose Auriemo studied at the most prestigious universities in Sao Paulo, Fundação Armando Álvares Penteado (FAAP) University. He is the son to Fabio Auriemo, the founding president of JHSF.

A Review Of The Successful Career Of Sam Boraie

Sam Boraie is one of the sons of Omar Boraie. Omar is renowned throughout New Jersey considering that he has played an instrumental role in revitalizing the city of New Brunswick. Omar is the founder of Boraie Development, LLC. The Egyptian-born real estate expert introduced his two sons and daughter to the business early in their lives. To this end, they have gained immense experience and knowledge in the real estate business. Sam and his siblings serve as vice presidents of Boraie Development.

For many years, poverty, violence and bad leaders who mismanaged public funds contributed to the slowing down of New Jersey’s economy. However, the region has had much potential. Johnson and Johnson, and Rutgers University played a pivotal role in ensuring that New Brunswick is not destroyed. Boraie Development has also been actively involved in making sure that the city pulls itself out the economic crisis and become vibrant. In the 1970s, Omar bought 21 dilapidated properties. In 1980s, the corporation started rebuilding the city. One of the projects that attracted people to the region is the Albany Street Plaza One, which is a 250,000 sq-ft high rise. Sam Boraie posits that it took a while before people could occupy retail and office spaces. However, in the end, the project paid off and marked the start of the revitalization process in New Brunswick’s inner city.

At the company, Sam is responsible for locating new development targets. Besides, the executive has been involved in enhancing the company’s vision by partnering with different experts in the real estate industry. This way, he has helped the company to develop, manage and sell innovative properties and attract more residents to the city. One of Boraie Development’s successful projects is The Aspire. This 25-story building, 400,000 square feet residence has roof deck, health club and different amenities.

Another project developed by Boraie Development is The Beach at South Inlet in Atlantic City, which according to PR News is near the Atlantic Ocean and the Boardwalk. It has 250 residential units. The Albany St. Plaza, which is located in the downtown area, has 250,000 and 20,000 square feet of office and retail space respectively. In addition, Sam has been involved in charitable activities.

The State Theatre of New Jersey has greatly benefited from donations made by the Boraie family, Sam Boraie and Boraie Development. Over the years, the State Theatre has been enriching the lives of the populace of New Jersey who come from diverse backgrounds. The entity has presented renowned international and national artists. Moreover, the Theatre provides the community of New Jersey with performing arts venue that enables them to embrace art. Lastly, the State Theatre uses performing arts education programs to develop future artists.

Sam has been involved in the affairs of Elijah’s Promise. The main objective of this organization is to initiate innovative projects that will end poverty and enhance employment in New Jersey. To this end, the entity has been providing food and different items to the community. In addition, Elijah’s Promise empowers the locals to seek for sustainable employment opportunities.

 

Read More: http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html