Seth M. Wise serves as Executive Vice President and a director of BBX Capital, Inc. He is also President of BBX Capital Real Estate and is Co-CEO of The Altman Companies which since 1968 has built over 26,000 rental apartments. The Altman Companies is 50% owned by BBX Capital Real Estate. He is also on the board of Bluegreen Vacations Corporation.
Mr. Wise has more than 25 years of experience in many facets of real estate finance, management, investment, restructuring and development. Throughout his career, Mr. Wise has been responsible for managing approximately $3 billion of real estate assets in various classes including industrial, retail, and a focus in housing that includes single family, master-planned communities and multifamily. He has managed an acquired portfolio of nearly $600 million of performing and non-performing loans and real estate. This portfolio has successfully monetized since 2012 thru development, sale, restructuring, and loan payoffs well over $750 million. Mr. Wise’s real estate development experience includes in excess of 1.5 million-square-feet of industrial space. He has also been involved in the development, ownership, and asset management of nearly 5,000 rental apartment units and single-family homes. Mr. Wise also has expertise in equity investment, lending, and debt restructuring, including the management of a commercial real estate workout portfolio of over $1 billion.
Mr. Wise is an active member of organizations in his field and community. He is a sustaining member of the Wharton School of the University of Pennsylvania Zell/Lurie Real Estate Center, and is a member of the Ambassadors Board of Nova Southeastern University. Mr. Wise has served as an Executive Board Member of the Real Estate Advisory Board of the Center for Real Estate Studies at the University of Florida, and the Southeast Florida/Caribbean Council of Urban Land Institute (ULI). He is a member of the prestigious Young Presidents Organization (YPO), and serves is Past Chairman of the Board of Directors for Jewish Family Services of Broward County, a non-profit human services organization and Jewish Family Home Care, a nonprofit home health agency primarily serving Holocaust survivors. He is a member of the Board of Directors of the David Posnack Jewish Day School and a member of the National Council of AIPAC.
Mr. Wise earned a Bachelor of Science degree in Finance from the University of Florida.