Mr. Krasnoff is Chief Executive Officer of Rialto Capital Management, LLC, which he formed in 2007 to capitalize on investment opportunities in the commercial real estate sector.
Today Rialto, a wholly-owned standalone subsidiary of Lennar Corporation, is a vertically integrated investment and asset management platform investing and managing throughout the capital structure in properties, loans and securities. In addition to investing its own capital, Rialto manages a number of private equity vehicles and has overseen investments with numerous institutional partners.
With over 35 years of experience in commercial and residential real estate investment, finance and management, Mr. Krasnoff has been involved in the evaluation or oversight of hundreds of billions of dollars of real estate assets around the world. Mr. Krasnoff is also the co-founder of LNR Property Corporation, and was its President since its spinoff from Lennar as a separate public company in 1997, as well as its Chief Executive Officer from 2002 to 2007.
He was also instrumental in taking the company private in a $4 billion transaction in early 2005. Mr. Krasnoff joined Lennar in 1986 and from 1990 until LNR spun off from Lennar, he was responsible for the growth of Lennar’s commercial real estate and joint venture businesses, as well as the formation of LNR Partners and its loan workout and special servicing operations. LNR became the world’s largest CMBS special servicer under his leadership.
Prior to LNR and Lennar, Mr. Krasnoff spent ten years with KPMG, LLC (formerly Peat Marwick) in New York and Miami specializing in real estate companies, and mergers and acquisitions. Mr. Krasnoff is a graduate of Duke University.