September 19, 2024
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How can one achieve success while maintaining a focus on community?
In this episode of Conversations with the Best Minds in Real Estate, RCLCO’s Managing Director, Strategic Initiatives, Joshua Boren, sits down with Arturo Sneider, Co-Founder & CEO of Primestor, a minority-owned and led real estate developer and investment firm based in Culver City, CA, to discuss Arturo’s unique path to prominence in the real estate industry, from his childhood in Mexico City, and his early activism work in LA, to the founding of Primestor in 1992.
“It is central to our strategy and to my life’s work that we define profit broadly. To us, the definition of profit is community empowerment. It’s economic vitality to neighborhoods and residents. It’s laying a path for the young generations, and the next generations, to see that you can, in fact, invest in your own community and be an agent of change. And in these polarizing times, I think we’re reminded that if we’re not intentional in raising the tide for all boats, that things don’t normally end well, and it’s just not the right way to think about our society.”
– Arturo on the importance of community in his business
They discuss how Arturo’s background has shaped his career and his work today; how Primestor has grown and evolved over the last three decades; and his best advice for those coming up in the industry now.
“One thing that that I have never known is boredom. I don’t know what that feels like: I would never be able to say that I have a moment of boredom in my life.”
– Arturo on his day-to-day life
About Arturo Sneider
Co-Founder & CEO of Primestor
Arturo Sneider is the founding partner and CEO of Primestor Development, where he is responsible for acquisitions, project inception and design, capital structuring, and corporate management. With a strong focus on underserved communities, Primestor’s diverse portfolio has maintained an approximate ninety-five percent occupancy rate across its dozens of projects. Primestor is currently developing approximately two million square feet of new space, managing nearly 3 million square feet in diverse minority markets, and overseeing a portfolio valued at approximately over $800 million dollars. Since 1990, Mr. Sneider has acquired and transacted dozens of properties and projects in CA, IL, NV, FL, TX and AZ totaling an aggregate cost basis of over one billion dollars. He is a member of YPO, a Board Member/Director of the LA County Capital Asset Leasing Corporation, and a member of the Executive Committee/Trustee of ICSC. Additionally, he has advised the City of LA’s Economic Development Department and served on the City of Los Angeles’ Development Industry Advisory Council. Born in Mexico City, Mr. Sneider resides in Los Angeles.
About Joshua Boren
RCLCO Managing Director, Strategic Initiatives
Joshua A. Boren specializes in leading business development, marketing, and strategic initiatives for various real estate needs and solutions as part of the RCLCO team. With more than 15 years of experience, Joshua specializes in understanding how network building and relationship management is critical to organizational success, which has resulted in millions of dollars of closed engagements. At RCLCO, he has grown the business development and marketing departments, which were recognized by Globe St. in 2019 as “Influencers in Marketing”. Incredibly involved in the global real estate community, Joshua holds membership and leadership positions at Urban Land Institute Los Angeles and Jewish Federation Los Angeles’ Real Estate and Construction Division, among others. Joshua also hosts RCLCO’s monthly Round-Up Webinar Series, which dives into factors in the real estate market, in addition to other RCLCO events and features.
