Elie Weiss

Elie Weiss

Partner, Midwest Development Partners LLC
Elie Weiss

INTRODUCTION

Elie Weiss started his professional career in 1991 trading over the counter derivative securities for Merrill Lynch and Bankers Trust in New York and London. In 1994 Elie co-founded Orion Capital Management in London, a hedge fund dedicated to proprietary trading of international securities markets.
Elie returned to his hometown of Cleveland, Ohio and joined Stark Enterprises in 1997 where he began his career as a real estate developer. While at Stark Enterprises, Elie became Executive Vice President of Development with responsibilities for all aspects of development from site aggregation, entitlement, design, city process, finance, leasing, construction and property management. Projects developed under Elie’s direction included pad restaurants at Tiedeman & I-480, Cinemark Valley View and The Strip. With Stark Enterprises, Elie oversaw the development of over 1,000,000 square feet of mixed-use properties. Elie was the lead developer for Eton Chagrin Boulevard and played a leading role in the development of Crocker Park.

In 2007, Elie added restaurant development and operations to his responsibilities and developed two successful restaurant concepts: Province, located in Chicago & Phoenix; and Paladar Latin Kitchen and Rum Bar in Cleveland, Miami, Maryland, and Northern Virginia.

Today, Elie is President of Real Estate for American Greetings, leading the management of the Weiss Family real estate portfolio, which includes the development of American Greetings’ new world headquarters at Crocker Park; and investment in (and development of) office, multifamily residential, and retail income producing properties throughout the United States, England, Australia and Israel.

Since 2007, Elie has also served on the Board of Trustees for BRT Realty Trust, including serving on its Audit Committee and Corporate Governance Committee. BRT’s primary business is the management of all forms of real estate assets from loans to direct ownership of physical property.
Elie’s civic commitments include Engage! Cleveland, The Jewish Community Federation of Cleveland and Friends of the Israeli Defense Forces

SELECT PROJECT EXPERIENCE

Crocker Park
Westlake, Ohio

Eton Chagrin Boulevard
Woodmere, Ohio

Cinemark Valley View
Valley View, Ohio

American Greetings’ World Headquarters
Westlake, Ohio

EDUCATION

Yeshiva University, Economics

EXPERIENCE

SELF EMPLOYED 9/07 – Present

Principal in the Development of Restaurants and Real Estate

ROBERT L. STARK ENTERPRISES, INC., Cleveland, OH 9/97 – 9/07

Executive Vice-President

Develop and manage retail, office and multi-family residential properties.
Responsibilities included land acquisition, site layout (architectural & engineering), leasing, zoning and governmental
approvals, construction, financing and management.

ORION CAPITAL MANAGEMENT, London, England 6/93 – 12/95

Partner
Started and managed a $10MM relative value hedge fund.
Primary trading strategies included; government bond basis, swap spreads, yield curve trades and listed and OTC
volatility trades.

BANKERS TRUST, New York,NY 08/92 – 5/93

Global Convertible Arbitrage

Associate

Arbitraged dollar and non-dollar convertible bonds, looking to capture value through mispriced equity volatility.
Spent four months in England developing and implementing a plan for analyzing the volatility, currency and credit risk of
our international positions.
Expanded international trading capabilities by analyzing warrant markets and emerging convertible markets.

BANKERS TRUST, New York, NY 11/91 – 8/92

Fixed Income Derivatives

Expanded the coverage of the fixed income derivative sales force with a specific focus on Mutual Funds and
U.S. Dollar Derivatives.
Assisted in client coverage for Dollar Derivatives, Non-Dollar Derivatives, Foreign Exchange Derivatives, Mortgage
Derivatives and Commodity Derivatives.
Actively structured and priced derivative assets.

MERRILL LYNCH, New York, NY 2/91 – 11/91

Global Equity Derivatives

Analyst

Gained a working knowledge of structural and pricing elements of Over-the-Counter equity derivatives, including swaps,
options and equity linked notes.
Compiled a detailed analysis on the costs of international equity investments and the benefits of derivative products.
Developed and implemented a marketing plan for derivatives on real estate properties.
Assisted in the application of derivative products for corporate treasuries.
Developed an internal pricing system for products frequently marketed out by the sales force.