Draft:Asi Cymbal (real estate developer)


Asi Cymbal (real estate developer)

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Asi Cymbal

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Asaf “Asi” Cymbal (Petach Tikva, Israel, April 13, 1969) is an Israeli-born and Brooklyn-raised real estate developer in South Florida with a portfolio spanning the region.

Early Life

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Cymbal began his foray into real estate in 1992, working with Santa Monica developer, general contractor Hector Jacobs to draft performance analysis for projects while attending the University of California, Los Angeles Law School.

After graduation, Cymbal moved back to New York and started working with real estate attorney Noel Dennis. In 2022, Cymbal joined Leviev Boymelgreen, a real estate company led by Shaya Boymelgreen and diamond magnate Lev Leviev as VP and general counsel.

He earned a bachelor’s degree from Vassar College and a law degree from UCLA School of Law.

Real Estate

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Cymbal has over 30 years of experience in real estate development, construction, finance and law.  In 2007, he formed Cymbal Development, an integrated real estate firm. Under his leadership, Cymbal Development acquired, developed or constructed more than $150 million in projects in Miami[1], including the ground-up development of 25,000 square feet of offices and retail on Midtown Miami’s west side.

In 2014, Cymbal raised his first fund. After a hiatus, he formed Cymbal DLT[2] Companies in 2019 with partner Hector Dela Torres. He created his second fund during the 2020 Pandemic.

Cymbal DLT's development portfolio is valued at more than $2 billion and includes everything from market-rate multifamily apartments and luxury condominiums, to hotels, office and retail space.

Cymbal DLT is currently spearheading one of the largest mixed-use developments in Fort Lauderdale[3], the Nautico District[4] along the Riverwalk. In addition, the firm has Laguna Gardens, a multifamily community in Miami Gardens and Oasis Pointe[5], a waterfront apartment community[6] in Dania Pointe[7]

References

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  1. ^ "Developer Asaf Cymbal finds inspiration in family, mentors and skyscrapers". www.bizjournals.com. Retrieved 2023-12-18.
  2. ^ "Home | Cymbal DLT". www.cymbaldlt.com. Retrieved 2023-12-18.
  3. ^ "Urban Living Takes New Heights". Boca Raton Observer. September 22, 2023.
  4. ^ Kaufman, David (2023-02-04). "As Miami's Booming Real Estate Market Spills Over, Fort Lauderdale Sees Luxury Listings Spike". Robb Report. Retrieved 2023-12-18.
  5. ^ Julia Echikson (2023-05-18). "Cymbal DLT Refis Dania Beach Rental With $95M". Commercial Observer. Retrieved 2023-12-18.
  6. ^ Kalinoski, Gail (2023-05-26). "Cymbal DLT Secures $95M for South Florida Refi". Multi-Housing News. Retrieved 2023-12-18.
  7. ^ Nelson, John (2023-05-17). "Cymbal DLT Obtains $95M Loan for Oasis Pointe Apartments in Dania Beach, Florida". REBusinessOnline. Retrieved 2023-12-18.