Rose Associates Elevates CIO Marc Ehrlich to President
Posted On October 17, 2024
Rose Associates is promoting from within — but outside the family — in its search for
a new president, choosing its chief investment officer Marc Ehrlich for the role, the
multifamily developer and manager announced Thursday.
It will be the first time in the company’s 99-year history that someone outside the Rose
family has been chosen for such a high-ranking position, which Ehrlich started on
Thursday.
“These are very exciting times at Rose with our continued expansion in New York City
and the tri-state area,” Amy Rose, CEO of Rose Associates, said in a statement. “As
we prepare to embark on a second century in business, Marc is uniquely suited to keep
Rose on a path of positive growth while he also develops new, forward-looking
strategies.”
The 55-year-old Ehrlich began working at Rose Associates in 2013 before being
promoted to chief financial officer in 2014 and then CIO in 2018. Since then, he helped
grow the family firm’s development and advisory platforms and had a hand in finding
financing for the delivery of 1,200 housing units in 2024 so far, according to Rose.
The company currently has 30,000 units of apartments within its portfolio.
Some of those properties include 301 East 94th Street in Manhattan, 8 Court
Square in Long Island City, Queens, 57 Alexander Street in Yonkers, N.Y., and 440
Hamilton Avenue in White Plains, N.Y.
Ehrlich is considered an investment, development, asset management and tax structure
expert by the company.
“I have such deep respect for my colleagues and our firm’s history, and I look forward to
working closely with Amy to help Rose reach new heights,” Ehrlich said in a statement.
“While Rose operates at a very high, institutional level, the company has always stayed
true to its founding values.”
Ehrlich also moonlights as an adjunct professor at the Newman Real
Estate Institute of Baruch College’s Zicklin School of Business.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.