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ASG Equities
Raymond Gindi, co-CEO of Century 21 NYC, founded ASG Equities as the family office managing the Gindi family's wealth.
ASG Equities
Raymond Gindi, co-CEO of Century 21 NYC, founded ASG Equities as the family office managing the Gindi family's wealth. The office traces its capital to the founding and operation of Century 21 department stores, a New York retail chain established by the Gindi family. Al Gindi serves as Managing Partner of ASG Equities and President of Gindi Equities. ASG Equities invests across commercial real estate, hospitality, multi-family residential, and energy. Its portfolio includes landmark properties such as The Bryant Park Hotel in New York, 1253 Sainte-Catherine Street West in Montreal, 100 Bloor Street in Toronto, 28 Newbury Street in Boston, and 2600 NW 2nd Avenue in Miami. The office also holds residential apartment homes in Fargo, North Dakota, and an oil and gas allocation. The Gindi family has jointly developed properties with Silverstein Properties, though that relationship has included litigation. The office operates without a disclosed AUM or professional headcount. Al Gindi is a member of the Milken Institute's Young Leaders program and 3i, a professional network. Raymond Gindi is a member and donor of The Frick Collection. The family maintains several philanthropic entities, including The Ralph S. Gindi Family Foundation and The SAFE Foundation, supporting Jewish and community causes. ASG Equities is structurally distinct because it operates as a single-family office with a direct real estate ownership model rather than a fund-based investment vehicle. The office holds properties in its own name, not through commingled funds, and its investment strategy is tied closely to the Gindi family's operating heritage in retail and real estate.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Raymond Gindi
Founder and CEO
Al Gindi
Managing Partner
Sector focus
Frequently asked questions
How does ASG Equities source its real estate deals?
ASG Equities appears to source deals through direct ownership and joint ventures. The Gindi family has partnered with Silverstein Properties on New York developments. The office holds properties in its own name rather than through funds, suggesting an opportunistic, relationship-driven approach (public record).
What is the relationship between ASG Equities and Century 21?
Raymond Gindi, founder and CEO of ASG Equities, is also co-CEO of Century 21 NYC, the department store chain founded by the Gindi family. The family office's capital originates from the retail business, though the office operates independently as a real estate investment vehicle.
Does ASG Equities make fund commitments or only direct investments?
Available information indicates that ASG Equities focuses on direct real estate ownership and joint ventures. There is no public record of the office committing capital to external investment funds.
Who runs investment decisions at ASG Equities?
Raymond Gindi, as CEO, is the lead decision-maker. Al Gindi serves as Managing Partner and President of Gindi Equities, which is closely related. The office does not publicly list a CIO or investment committee (public record).
What philanthropic structures does the Gindi family maintain?
The family maintains The Ralph S. Gindi Family Foundation and The SAFE Foundation. These entities support Jewish and community causes, separate from ASG Equities' investment operations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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