Bloomingdale Properties Inc.

Bloomingdale Properties Inc.

Bloomingdale Properties Inc. was formed in 1961 to manage proceeds from the Bloomingdale family’s sale of its department store chain. John L. Ernst, a descendant, has served as Chairman and President, guiding the office alongside directors including Edgar M. Cullman Jr. and Frederick M. Danziger. The structure preserves wealth across generations through concentrated ownership of commercial properties and diversified financial assets. The office allocates across real estate, private equity, hedge funds, and public markets. It has participated in growth-stage venture investments and maintains positions in India-focused vehicles such as the Monsoon India Select Equity Fund and New Vernon India Fund. Geographic reach covers North America, with primary holdings in New York, and Asia through these fund commitments. Property assets include the Bloomingdale’s flagship store at 1000 Third Avenue and 1385 Broadway in Manhattan. No public AUM figure exists. The team includes Executive Vice President and COO John Fletcher, who oversees venture capital and consumer investments. Additional vehicles tied to the network include the Louise B. & Edgar M. Cullman Foundation and the Richard and Susan B. Ernst Foundation. John L. Ernst holds board roles outside the office, including at the Adirondack Park Agency since 2021. The office operates through direct property ownership and affiliated investment vehicles rather than external fund commitments alone. Board overlap with the Cullman family via Culbro LLC creates a hybrid governance model that links two family networks on specific co-investments such as Helix Investments.