Fred Sands

Fred Sands
Born February 16, 1938
New York City, New York, U.S.
Died October 23, 2015(2015-10-23) (aged 77)
Boston, Massachusetts
Residence Bel Air, Los Angeles, California, U.S.
Alma mater University of California, Los Angeles
Occupation Real Estate
Spouse(s) Carla Sands
Children Jonathan, Alexandra
Website VintageCapitalGroup.com

Fred Sands (February 16, 1938 – October 23, 2015) was an American business executive and real estate investor. He served as the Chairman of Vintage Capital Group.

Early life

Fred Sands was born on February 16, 1938 in Manhattan, New York City.[1][2][3] His father was a taxi driver.[3] He moved to Boyle Heights, Los Angeles, California with his parents in 1945, when he was seven years old.[1][3]

Sands was educated at the Roosevelt High School. He graduated with a bachelor's degree in business administration from the University of California, Los Angeles.[2]

Career

Sands established Fred Sands Realtors, a real estate company headquartered in Brentwood, Los Angeles, in the 1960s.[3] Over the years, the company opened 65 offices in California.[3] In 2000, he sold it to Coldwell Banker.[4] The merger was managed by Lloyd Greif.[5]

Sands headed two private investment firms, Vintage Capital Group and Vintage Real estate, both headquartered in Los Angeles. Vintage Capital Group invested in a variety of businesses and industries, specializing in turnarounds of distressed companies and bankruptcies. Vintage Real Estate and Vintage Fund Management were both wholly owned divisions of the Group. The company typically acquired underperforming shopping centers and renovated them.[6][7][8] Among the firm's current projects is SouthBay Pavilion, in Carson, California.[9]Fred also owned radio stations and hotels in the past.

Philanthropy

Sands was a co-founder of the Museum of Contemporary Art, Los Angeles,[3] and served as the Vice Chairman of its Board of Trustees.[10] He also served on the Board of Trustees of the Los Angeles Opera.[11]

Sands was appointed by President George W. Bush to the President's Advisory Committee on the Arts and a liaison to the Kennedy Center.[10] He was also appointed by Governor Arnold Schwarzenegger to the California Arts Council.[10]

Sands established the Fred Sands Institute of Real Estate at the Graziado School of Business and Management at Pepperdine University in Malibu, California in June 2015.[12][13]

Personal life

Sands was married to Carla Sands, a philanthropist who serves as President of the Blue Ribbon Board of Directors of the Los Angeles Music Center.[1][14] They resided in Bel Air and collected art.[1]

He had a son, Jonathan, and a daughter, Alexandra.[2]

Death

Sands died of a stroke in Boston, Massachusetts on October 23, 2015 at the age of 77.[3] His funeral was held at the Wilshire Boulevard Temple in Los Angeles, California on October 30, 2015.[2][4]

References

  1. 1 2 3 4 Peter Y. Hong, Knowing when to get in, and out, The Los Angeles Times, January 11, 2009
  2. 1 2 3 4 Lopez, Matt (October 26, 2015). "Real Estate Mogul Fred Sands Dies At 77". The Beverly Hills Courier. Beverly Hills, California. Retrieved October 27, 2015.
  3. 1 2 3 4 5 6 7 Khouri, Andrew (October 27, 2015). "Fred Sands, once the king of high-end L.A. real estate, dies at 77". The Los Angeles Times. Retrieved October 29, 2015.
  4. 1 2 Torok, Ryan (October 27, 2015). "Fred Sands, real estate leader and philanthropist, dies at 77". The Jewish Journal of Greater Los Angeles. Los Angeles, California. Retrieved October 27, 2015.
  5. ↑ Oldham, Jennifer; Wedner, Diane (December 2, 2000). "Southland Real Estate Giants to Merge". The Los Angeles Times. Retrieved August 26, 2016.
  6. ↑ "Vintage Real Estate buys retail center north of Cincinnati". Los Angeles Business Journal. 2007-07-26. Retrieved 2010-01-18.
  7. ↑ Hong, Peter Y. (2009-01-11). "Knowing when to get in, and out". Los Angeles Times. Retrieved 2010-01-18.
  8. ↑ "Vintage Real Estate. (appointments)". Los Angeles Business Journal. 2007-02-19. Retrieved 2010-01-18.
  9. ↑ Vincent, Roger (2009-07-09). "Fred Sands adds SouthBay Pavilion to growing portfolio". Los Angeles Times. Retrieved 2010-01-18.
  10. 1 2 3 MOCA Raises $57 Million, Contributes $8.5 Million to Endowment Assets, Art Daily,
  11. ↑ Los Angeles Opera: Board of Trustees
  12. ↑ "Pepperdine University Celebrates Launch of Fred Sands Institute of Real Estate". Newsroom. Pepperdine University. June 25, 2015. Retrieved October 29, 2015.
  13. ↑ "Fred Sands Institute of Real Estate". Graziado School of Business and Management. Pepperdine University. Retrieved October 29, 2015.
  14. ↑ Los Angeles Music Center: Board of Directors: Blue Ribbon

External links

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