Shamah Properties

Providing Investments in Multi-Family Housing

Alan Shamah, CEO/Partner Shamah Properties/ Shamco Management

Mann Report Management February 2015 - Management Matters

Alan Shamah, CEO/Partner Shamah Properties/ Shamco Management

How long have you been in the business? Shamah Properties/Shamco Management started in 1980 when Joseph A. Shamah purchased his first property in Brooklyn on East 29th and Cortelyou Road. I entered the business in 2007 and my partners, Eddie Setton entered the business in 1996, and Carl Zekaria entered the business in 2008.

What made you decide to get into real estate? Ever since I was in high school I wanted to be in the real estate business. I had an uncle who was in the business and he had a phone in his car in the early 70s. I thought that was very cool.

Who inspires you? My father who started the business. He had to handle every function where we have a full team.

What pushes you to the next level? I enjoy building businesses. I also find that the more we grow the higher the level of management services we are able to provide to the tenants.

What is the hottest deal you have made to date? I won't know the answer to that question for another 10 years. We are long term, long view purchasers and holders.

What is your secret weapon for sealing a deal?