Louis Silverman has been recognized by Crain’s and New York magazine as a visionary for his pioneering investments in Williamsburg, Brooklyn. Mr. Silverman began acquiring tracks of land in Williamsburg in 1998 for use in his family truck leasing company, 4G’s Truck Renting Co., Inc. (“4G’s Truck Renting”), which he headed with his father. Mr. Silverman had envisioned a higher and better use for the massive waterfront plots that were then trading at paltry sums and began acquiring land for his company’s interim use but with the ultimate goal of having the sites rezoned. In 2002, Mr. Silverman partnered with a preeminent New York developer to work with him on his redevelopment design. Later in 2005, UBS Real Estate Investments, Inc. joined the partnership. In 2005, four years after Mr. Silverman acquired a dilapidated 250,000 square foot industrial plot, the property was rezoned to accommodate one million square feet of luxury waterfront residential condominiums and Mr. Silverman sold the majority of his stake in the Williamsburg waterfront project in 2005.
In 2005, Mr. Silverman also spearheaded the sale of 4G’s Truck Renting to Ryder Truck Leasing in Ryder’s first ever acquisition of a privately held truck leasing company in the New York City metro area. During his fourteen years at the company, Mr. Silverman was instrumental in building the family business from 66 trucks to a regional powerhouse with over 500 trucks, representing a significant growth in market share for 4G’s Truck Renting.
Mr. Silverman was an avid real estate investor even prior to his groundbreaking efforts on the Williamsburg waterfront. While still operating 4G’s Truck Rental, he successfully converted a 14-unit condo loft building and a 30-unit condominium ground-up development, both in Williamsburg.
In 2005, Mr. Silverman formed G4 Development Group LLC, a real estate investment platform, to leverage his operational and real estate background. G4 Development Group and its affiliates hold a portfolio of retail and residential property throughout the U.S. That same year Mr. Silverman formed G4 Capital Partners, a lending platform, to exploit market inefficiencies and gaps in conventional financing.
Mr. Silverman graduated from Boston University with a degree in marketing and management.