According to a recent report from The Real Deal, while there are roughly 2,600 billionaires worldwide, only a few dozen uber-wealthy buyers are shopping for real estate in New York City at a given time. These privileged few, assisted by an array of specialized attorneys, money managers, advisers and accountants, go to great lengths to protect their anonymity when purchasing high-end properties.
Speaking to The Real Deal, Barry Landsman, Counsel in Pryor Cashman's Real Estate Group, who represents many high and ultra high-net-worth individuals in luxury residential transactions (including some of the largest deals to close in NYC this year), said he intentionally keeps a low profile. (The Real Deal noted he's done just a handful of media interviews over the years.) "[Clients] don't like to see my name in lights. They're the famous ones," he said.
"We'll have NDAs [nondisclosure agreements] with everyone involved — brokers, lenders attorneys, engineers, interior designers, architects, contractors. Everybody," Landsman said, adding that he and his staff have also signed deeds for clients on occasion.
Read the full piece in The Real Deal.
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