Richard Leibovitch and Gabriel Bousbib formed Arel Capital in early 2013 to manage their personal capital and the capital of a few former hedge fund partners. Richard and Gabriel decided to focus on US real-estate, with a particular emphasis on cash flowing multi-family rental properties that were value-add candidates and located in top neighborhoods of major US cities. In parallel to his finance career, Richard had been successfully investing his personal capital in this type of real estate asset class for over 20 years. In addition, Richard and Gabriel felt that due to the secular decline in interest rates, the urbanization of large metropolitan areas and the growing demand by millennials for rental product, this asset class was likely to outperform related asset classes, both on a relative and absolute basis. Having known each other for nearly 20 years and worked together for more than 10 years, Richard and Gabriel form a very strong team, with a very clear allocation of responsibilities. Richard has overall responsibility for Arel Capital’s investment decisions, whilst Gabriel focuses on the firm’s operations and infrastructure.
| Types | Organization, Business |
| Start date | 2013 |