Condensed Biography
Mr. Lynford is the Chairman of Reis, Inc. (NASDAQ: REIS), an internet-based business information firm which provides real estate data and analytics to the nation’s largest commercial and investment banks and other leading financial institutions. Also, he is the Co-managing Partner of Wellsford Strategic Partners LLC. Mr. Lynford has over 20 years of executive corporate experience as co-founder of the Wellsford group of real estate and private equity investment companies. He has served as an independent director on numerous boards of directors including Equity Residential Properties (NYSE: EQR), a real estate investment trust, and several open and closed end mutual funds sponsored by Cohen & Steers, Inc. (NYSE: CNS) an investment management firm. Previously for nearly a decade, he held senior investment banking positions on Wall Street.
In addition to his continuing management and investment responsibilities, he is the Vice Chair of both Polytechnic Institute and the Global Heritage Fund, a trustee of NYU and the Lynford Family Charitable Trust and other eleemosynary organizations with domestic and international missions. In 2007 Mr. Lynford was appointed by the Governor to the New York State Council on the Arts. He is a speaker and author on many topical and policy-related issues.
Mr. Lynford holds three university degrees, including a law degree from Fordham University and Masters in Public Affairs from the Woodrow Wilson School of Princeton University. He is married to Tondra Lynford, who is a psychotherapist and co-founder of Resources for Children with Special Needs, Inc. They are the parents of four children.
Corporate Experience
Entrepreneurial Leadership and Management (1986 to present):
Co-founder of the Wellsford
group of public and private companies, serving as the Chairman of the Wellsford Residential
Property Trust (NYSE: an investment grade REIT from 1992 to 1997), Wellsford Real Properties,
Inc. (AMEX: a merchant banking firm from 1997 to 2007), and Reis, Inc. (NASDAQ: from
2007 to present). He is one of only a handful of corporate executives in the United States to
have served sequentially as Chairman of three publicly-listed companies, each listed on a separate
major stock exchange. Through these companies he has acquired, operated, rehabilitated,
developed and sold real estate assets, financial instruments and companies with an aggregate total value in excess of $5 billion.
Mr. Lynford is an expert on capital formation and corporate governance “best practices,” including:
- Pricing of initial public offerings and subsequent convertible and preferred issuances,
- Mergers and acquisitions,
- Placement of unsecured and secured public and private debt,
- Structuring of institutional joint ventures,
- Implementation of spin-offs, forward and reverse stock splits, share repurchase programs and plans of liquidation
- Audit committee, Sarbanes-Oxley, and “financial expert” matters.
Corporate Governance(1987 to present)
Extensive experience as a director/trustee, serving on audit, finance, investment and executive
committees, for public reporting corporations and mutual funds as well as non-profit organizations,
including:
- Citizens Budget Commission, Trustee (2002 to 2008)
- Cohen & Steers: six corporate real estate mutual funds (1987 to 2001)
- Equity Residential: S&P 500 REIT (1996 to 2002)
- Global Heritage Fund (2004 to present)
- Lower East Side Tenement Museum (2001 to 2007)
- National Trust for Historic Preservation (1987 to 1996)
- New York State Council on the Arts (2007 to present)
- New York University (2008 to present)
- Polytechnic Institute (1997 to present)
- Trust for Governors Island (2010 to present)
Investment Banking (1978 to 1986)
- Bear Stearns & Co, Inc. (Limited Partner)
- Warburg Paribas Becker, Inc. (Managing Director)
Philanthropy
The Lynford Family Charitable Trust (established in 1984) and the Lynford Family Fund
(established in 1988 at The New York Community Trust,) have provided financial support to
educational, artistic, historic preservation, special needs and public policy organizations.
Additionally, these trusts have endowed fellowships at major institutions, including:
- Caramoor International Center for Music and the Arts: Annual “Rising Star” master classes for aspiring young musicians.
- Polytechnic Institute at New York University: The Institute for Mathematics and Advanced Supercomputing and its annual Lynford Lecture.
- Weill Cornell Medical College at Cornell University: The annual Lynford International Traveling Fellowships.
- Woodrow Wilson School at Princeton University: The annual Professor Marion Levy, Jr. Doctoral Fellowship.
Education
Fordham University, School of Law
Degree: Juris Doctor – Awarded June 1975
Admitted to the New York State Bar in 1975
Princeton University, Woodrow Wilson School Degree: Master in Public Affairs – Awarded June 1971 Woodrow Wilson School Fellowship
State University of New York at Buffalo Degree: BA in History with Honors – Awarded June 1969 New York State Regents Scholarship