Russell Galbut '74

Russell Galbut

Russell Galbut '74

Managing Principal
Crescent Heights

Mr. Galbut was born and raised in Miami Beach, Fl. He graduated from the School of Hotel Administration at Cornell University in 1974. After college Mr.Galbut went back to Miami to start his career as a hotel and real estate consultant with Laventhal and Horwath. By 1976 Mr.Galbut was already busy at work for himself building condominiums and retail centers from the ground up all over Miami. While working full time in his business Mr. Galbut managed to attend law school at night at the University Of Miami School Of Law. He earned a JD Degree in 1980 to go along with the CPA certification he had received while at Laventhal.

In 1981 with the rising interest rates and the decline of the condominium market Mr.Galbut decided to start a family nursing home and adult congregant care business, which grew to one of the largest networks of Homes for the elderly in South Florida.

In 1983 Mr.Galbut Bought and converted his first hotel, “The Shelborne”. In 1989 Mr.Galbut, along with his new partners Sonny Kahn and Bruce Menin at Crescent Heights®, bought “The Alexander”. He immediately converted the property to a condo-hotel putting himself and Crescent Heights® at the forefront of the Industry. Crescent Heights’s® mission from its creation was to promote condominium home ownership in urban environments across the nation. Today, Crescent Heights® is one of America’s largest multifamily condominium home developers and one of the few condominium developers with projects in every major city in the nation. Mr. Galbut and Crescent Heights® converted more independent hotels to condo-hotels than any other organization to date. Crescent Heights® completed the largest condo-hotel in the world, known as the Ala Moana Hotel located in Hawaii (with a total sellout in excess of 300 million dollars.)

Starting in the 1990’s Mr. Galbut served on numerous boards of public, civic, charity and private companies, including museums, a public bank, and a start up cruise company, “Oceania Cruises” where he is still a member of the board and audit committee. Mr. Galbut is also on the Board of Trustees of such national organizations as the “Simon Wiesenthal Center” and is also the Chairman of “Colel Chabad” food programs for the poor and downtrodden in Israel, Israel’s largest free food distribution program.