Campus Apartments Dude Scores 'New York Times' Piece
September 13, 2010 at 12:31 pm
In today's Jobs sections of the New York Times, David Adelman tells the story of how he became the CEO of Campus Apartments. Obviously, obviously, Adelman got his entry into the company when he invested his Bar Mitzvah money in the company. It's a charming story really: "
"Two years later, I gave Alan $2,000, my bar mitzvah money, to invest for me. He used it to help buy a building for off-campus student housing near the University of Pennsylvania. I probably had less than a 1 percent stake. Eventually I went to work for him. He’s chairman of the company now, and we still have that apartment building."It certainly takes some interesting foresight to invest your Bar Mitzvah money anywhere, and given the rent Campus Apartments charges, we have to imagine the investment yielded a good return.