Neil Shekhter founded NMS in 1988 on the principle of creating strong asset returns through superior management and investing in core locations with long-term growth. On these principles NMS began building its portfolio of properties by acquiring and repositioning poorly performing multi-family assets. Through hands-on management and capital improvements, these properties now enjoy dramatic increases in net operating income along with high occupancy rates. Mr. Shekhter’s belief is that quality starts from day one. With that in mind, he began to immerse himself in the development and construction of properties. As part of his philosophy of personalized management, Mr. Shekhter has been actively involved in every aspect of the company, from acquisitions to development to the construction of his projects, while maintaining the day-to-day operation of his existing portfolio.
Mr. Shekhter also advises his three sons, Alan, Alexander, and Adam Shekhter, who along with CEO Scott Walter founded Santa Monica based WS Communities in January 2017. WS Communities is a real estate development firm that specializes in the acquisition, entitlement, and development of multifamily and mixed-use properties in Southern California. WS Communities’ projects include luxury and affordable residential units with ground floor retail and office spaces located in Santa Monica and West Los Angeles, California.