Nicholas Schorsch
Nicholas Schorsch was born in Philadelphia, Pennsylvania, United States on March 2nd, 1961 and is the American Entrepreneur. At the age of 63, Nicholas Schorsch biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 63 years old, Nicholas Schorsch physical status not available right now. We will update Nicholas Schorsch's height, weight, eye color, hair color, build, and measurements.
In 1995, he and his wife Shelley co-founded the Jenkintown-based American Financial Resource Group, which originally acquired operating companies in the printing, label, and financial services sector. Within two years, the company diversified into the acquisition of commercial real estate properties. In 1998, Schorsch learned of a merger between CoreStates Financial Corporation, a bank with whom he did business, and First Union Corporation. As a result of the pending merger, 106 of CoreStates' bank branches were set to close. Upon hearing this, Schorsch offered to buy every (vacant) bank branch building. He recalled in a 2005 interview in The New York Times, "They [the bank] thought I was a crazy man." The $22.3 million deal was completed within 37 days, and within 12 months he sold or leased 95% of the properties.
In 2002, American Financial Resource Group became American Financial Realty Trust, or AFRT. Schorsch served as the company's President, CEO, and Vice Chairman of the Board of Trustees, listing it publicly on the New York Stock Exchange in 2003. Shortly after, Schorsch was dubbed "The Bankers Landlord" by The Philadelphia Inquirer. In 2006, Schorsch left AFRT.