Alan Casden

About Alan Casden

Who is it?: CEO, Chairman & Founder, Casden Properties LLCCEO, Chairman & Founder, Casden Properties LLC
Birth Year: 1945
Birth Place: United States
Residence: Beverly Hills, California
Citizenship: United States
Education: B.A. and M.B.A. University of Southern California
Occupation: Real estate developer
Known for: Founder of Casden Properties, LLC
Spouse(s): Susan Dedmon Casden
Children: Five

Alan Casden

Alan Casden was born on 1945 in United States, is CEO, Chairman & Founder, Casden Properties LLCCEO, Chairman & Founder, Casden Properties LLC. Los Angeles real estate investor and developer Alan Casden's net worth is down $700 million from a year ago due to a drawn-out breakup with investing partner Cerberus Partners, a New York private equity firm. The pair stopped making payments in November 2010 on $30 million in debt owed on several Los Angeles-area properties, and as a result are being sued for mortgage foreclosure by lenders led by Comerica Bank. Casden's representative has said the properties will be brought out of default once the dispute is resolved, but given the lawsuit, Forbes is discounting the value of these properties. Casden Properties opened a 276-unit rental home development in Burbank in late 2010 and is planning to develop an apartment and retail complex in West Hollywood. Casden also owns 3,100 luxury apartments in the Los Angeles area. He collects antique Jewish coins. After attempting to buy the Los Angeles Dodgers in 2003, Casden is reportedly interested once again in purchasing the Major League Baseball franchise from embattled owner Frank McCourt; he is one of a handful of billionaires said to be bidding on the team.
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Casden was raised in a Jewish family, the son of a liquor wholesaler. He was bar mitzvahed at the Wilshire Boulevard Temple where he remains a member today. Casden began his academic career as history major, but he was drawn into Finance and accounting classes and eventually switched his educational focus to accounting. Casden enrolled at the University of Southern California as a sophomore after his freshman year at UCLA and graduated cum laude from USC's Leventhal School of Accounting in 1968, earning a Bachelor of Science and a Masters in Business Administration from USC.


Additionally, President George W. Bush appointed Casden to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008. In his final days as President, Bush appointed Casden to a five-year term on the U.S. Holocaust Memorial Council, which ended on January 15, 2011. The Memorial council helps oversee and run the United States Holocaust Memorial Museum


Casden is a noted Jewish philanthropist and gave $10.6 million to USC to benefit the Institute for the Study of the Jewish Role in American Life, endow a dean’s chair at the Leventhal School and create the Casden Real Estate Economics Forecast within the USC Lusk Center for Real Estate. He is on the USC Board of Trustees.

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