Richard Ohebshalom is the founder and Chief Executive Officer of Pink Stone Capital Group. In this capacity Richard sources new acquisitions, guides ongoing development, and shapes the company’s creative and strategic initiatives.
Founded in 2010, Pink Stone’s initial chapter was marked by the successful acquisition and repositioning of several distressed assets in Manhattan and prime Brooklyn. Examples include the purchase and subsequent development of 180 Nassau Street, the assemblage of fee interest/development rights at 105 and 111 Washington Street, and the development of the Greywood, a 75,000 square foot luxury rental building located at 3 West 36th Street. During this time, Pink Stone also achieved a major victory with the NYC Landmarks Preservation Commission paving the way for the conversion of a two-story building located at 250 Fifth Avenue into a 23-story luxury hotel, currently under construction.
Pink Stone also maintains a passionate focus in the areas of emerging technology, art, and philanthropy via related platforms Pink Stone Incubator, Pink Stone Fine Arts, and Pink Stone Foundation, a foundation aiming to create a children’s museum meant to inspire and empower future thought leaders.
Richard received a master’s degree in Construction Administration from Columbia University and a BBA from George Washington University.
Vice President, General Counsel
Jonathan Dembling is Vice President & General Counsel at Pink Stone Capital Group. Jonathan is responsible for establishing, managing and executing upon all aspects of Pink Stone’s business, legal and operational systems and initiatives.
Jonathan joined Pink Stone following his work at some of the nation's most respected commercial real estate practices, where he represented clients in a broad range of complex transactions and earned recognition as a Super Lawyers Rising Star. Jonathan received his B.A. and J.D. from Washington University in St. Louis and is currently working towards a master’s degree in Real Estate Finance at New York University. Jonathan serves on the leadership committees of UJA's REX and ELP initiatives, as well as the advisory board of The Linus Foundation, a 501 (c)(3) organization he founded in 2005. He is a member of the New York and New Jersey state bar associations.
Tim Rutledge serves as Chief Financial Officer for Pink Stone Capital Group. In this capacity, he develops, implements and oversees Pink Stone’s corporate strategy, investment and asset management, and all capital markets activities.
Prior to joining Pink Stone, Mr. Rutledge was the Chief Financial Officer & Director of Asset Management and Development for Tuck-It-Away – Associates, LP (“TIA”) and Rising Development Co., LLC (“RD”), where he worked in tandem with the Company’s CEO in developing and implementing the company’s investment and operating strategies, along with the oversite of its development entitlement and approval processes for all development projects. Mr. Rutledge has developed a comprehensive skill set in development and investing over his 16-year career in commercial real estate with a total transaction volume of over $3 Billion in all major asset classes.
Mr. Rutledge serves on a number of outside Boards and Committees including Vice President and Executive Board Member of the Yonkers Downtown Waterfront BID and Member of the University of Mississippi Business School Advisory Board.
Mr. Rutledge graduated from the University of Mississippi with a BA in Banking & Corporate Finance and a Masters of Science degree in Real Estate Finance and Development from New York University.
Erseida is the Controller at Pink Stone Capital Group. Erseida is accountable for the accounting operations of the company, including the production of periodic financial reports, maintaining of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensuring that reported results comply with generally accepted accounting principles.
Prior to joining Pink Stone in 2015, Erseida served as controller for some of the largest real estate management companies in New York. Erseida received degrees in Finance and Accounting from Vienna University of Economics and Business and University of Shkodra, and is currently pursuing a master's degree at Columbia University. Erseida was previously a member/team leader of the world's largest student organization, ENACTUS and is an active member and fundraiser for the Cystic Fibrosis Foundation and Fundjave Nryshe Fundation.
Risk Management Advisor
Will is a Risk Management Advisor to Pink Stone Capital Group where he provides guidance on strategic planning, credit and operational risk. Will advises on financing structures, distressed debt, joint venture and co-development opportunities for PSCG. Will is a former Executive Vice President and Chief Risk Officer of New York Community Bancorp, Inc., which is one of the largest multifamily commercial real estate lenders in the country. In his consulting role, Will has also advised clients regarding C&I loans, premium financing opportunities and loan servicing agreements. Will holds a B.S. in Biochemistry from Hofstra University and a J.D. from Pace University.
Andrew Gordon graduated from Bucknell University with a bachelor’s degree in economics. After graduation, Andrew joined MSC Retail, a retail brokerage and advisory service firm headquartered in Philadelphia. There, his work covered both landlord and tenant representation, including investment sales, throughout the Greater Philadelphia region.
At MSC, Andrew represented developers, property owners, and investors, negotiating purchase and sale agreements, commercial leases, portfolio analysis, and end-user placement recommendations. Currently, Andrew is working towards a master's degree in Real Estate Finance from Cornell University.
Dan is an Investment Advisor to Pink Stone Capital Group. Dan began his career with Milrose Consultants, working on large-scale development projects throughout the NY Metro Area. His next role was at Aerium, a London-based real estate private equity firm, where he completed over $600m of acquisitions, disposals and joint ventures. His most recent experience was at the Abu Dhabi Investment Authority (ADIA), deploying over $750m of equity into development projects and stabilized assets globally. His role at ADIA also saw his asset management of a $1.2 billion GAV portfolio of existing investments.
Dan holds a B.A. in Economics from the University of Maryland and an MBA from the University of Oxford.
Art Collection and Acquistions Manager