HAP Investments announced this week that Kfir M. Ribak will be joining its ranks as Chief Financial Officer.
The CFO title did not previously exist at HAP. The firm is expanding and due to the size and complexity of transactions this position was created, according to an HAP spokesperson.
“We are pleased Mr. Ribak is joining HAP Investments. His experience and previous tactical work with our company will enable him to contribute to the growth of HAP Investments,” said Eran Polack, the company’s CEO, in a prepared statement.
Mr. Ribak comes to HAP from Citrin Cooperman, an accounting firm whose clients include HAP, according to an HAP spokesperson. There, Mr. Ribak was an associate and later a partner. In those capacities, he handled projects involving developers, shopping center projects and residential and multi-family home builders, according to a press release issued by HAP.
“It is with great pleasure that I am joining HAP Investments. I look forward to this new chapter in my career and working with a company at the forefront of New York City real estate,” Mr. Ribak said in a prepared statement about the job change.
HAP is a New York City based real estate company that specializes in the investment and development of residential and commercial properties. Their New York portfolio includes multifamily buildings throughout Manhattan with a heavy emphasis on low-rise buildings in East Harlem. Public records indicate the company filed plans with the city for the ground-up development of a 21-story, 130-unit residential building at 215-219 West 28th Street last month, as Commercial Observer reported.