Difference between revisions of "Joel Schreiber (born August 1979)"

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== United States litigation ==
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== United States career ==
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In 2023 New York courts entered judgments totalling about $100 million against Schreiber in separate actions brought by affiliates of [[Starwood Capital Group]] and [[Goldman Sachs]]. The Starwood claims arose from a refinancing loan of about $213 million on the Broadway Trade Center, 801 South Broadway, Los Angeles. Starwood took the building at a 2022 foreclosure sale on a $200 million credit bid and pursued personal guarantees; a judge later held that Schreiber owed about $78.7 million. Starwood later said judgments exceeded $88 million and sought contempt sanctions after alleging non-compliance with information subpoenas.<ref name="TRDJudgments">Keith Larsen, [https://therealdeal.com/new-york/2023/06/14/joel-schreiber-hit-with-over-100m-in-judgments/ Joel Schreiber ordered to pay Starwood, Goldman Sachs $100M], ''The Real Deal'', 14 June 2023.</ref><ref name="TRDForeclose">Isabella Farr, [https://therealdeal.com/la/2022/12/21/starwood-takes-schreibers-broadway-trade-center-following-foreclosure/ Starwood takes Schreiber’s Broadway Trade Center following foreclosure], ''The Real Deal'', 21 December 2022.</ref><ref name="TRD2025">[https://therealdeal.com/new-york/2025/05/07/starwood-keeps-fighting-joel-schreiber/ Starwood keeps fighting Joel Schreiber], ''The Real Deal'', 7 May 2025.</ref>
 
  
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Other reported assets linked to Schreiber’s United States activity include 536 Broadway, SoHo, and upper-floor interests at the Woolworth Building, 233 Broadway, New York, acquired with [[Adam Neumann]] for a reported $68 million. Those holdings have been described in trade press as subject to lender claims; they are distinct from the UK [[Midos Group]] and [[Discovery Park]] portfolio controlled from Stamford Hill.<ref name="WikiJoel"/><ref name="TRD2017"/>
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[[Joel Schreiber]] moved to New York in the late 1990s. From 2000 he bought residential property in Brooklyn, upstate New York and New Jersey with family money and a syndicate of private investors; by 2004 he had sold most of that portfolio and concentrated on commercial buildings in Manhattan. He founded [[Waterbridge Capital]] in 2006, a Midtown investment firm later described as Brooklyn-based in court reporting.<ref name="TRD2017">Konrad Putzier, [https://therealdeal.com/magazine/new-york-december-2017/the-story-of-weworks-mysterious-first-investor/ The story of WeWork’s mysterious first investor], ''The Real Deal'', December 2017.</ref><ref name="WaterbridgeTeam">[https://www.waterbridge.com/team.asp The Team], Waterbridge Capital, retrieved 15 September 2026.</ref>
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His first major Manhattan purchase was 536 Broadway, SoHo — office and retail — for about $190 million in 2007, with a group of investors.<ref name="TRD2017"/> In 2012 he partnered with [[Adam Neumann]] and [[Alchemy Properties]] to buy the top floors of the [[Woolworth Building]], 233 Broadway, for a reported $68 million for a condo conversion; a seven-storey penthouse was later marketed at $110 million. In a later deposition he said he retained a fraction of the promote.<ref name="TRD2017"/><ref name="TRD2022">[https://therealdeal.com/new-york/2022/11/02/joel-schreiber-weworks-first-investor-under-fire-on-multiple-fronts/ Joel Schreiber, WeWork’s first investor, under fire on multiple fronts], ''The Real Deal'', 2 November 2022.</ref>
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=== [[WeWork]] ===
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In 2010 he provided seed capital to [[Adam Neumann]] and [[Miguel McKelvey]] for [[WeWork]]. Trade press and [[WeWork]] lore commonly report $15 million for a one-third stake to open the first locations. In a 2018 deposition [[Joel Schreiber]] said he had invested between $1 million and $2 million; a 2019 lender complaint put the figure at $4 million. He told the deposition: “I made those guys. I started [[WeWork]]. I seeded [[WeWork]] for them.” [[Waterbridge Capital]] confirmed to ''The Real Deal'' that he was the first investor and “provided seed capital to open the first few locations.” A later lawsuit valued the stake as high as $1 billion when [[WeWork]] itself was marked at $47 billion. He later cashed stock to [[SoftBank]]; press put that exit at least at $44 million.<ref name="TRD2017"/><ref name="TRD2022"/><ref name="TRD2019loans">David Jeans, [https://therealdeal.com/new-york/2019/10/11/weworks-first-investor-used-his-stock-as-collateral-now-his-lenders-are-suing-him/ WeWork’s first investor used his stock as collateral. Now his lenders are suing him], ''The Real Deal'', 11 October 2019.</ref><ref name="TRDUB">[https://therealdeal.com/national/2024/12/23/joel-schreiber-on-bizarre-los-angeles-union-bank-plaza-deal/ Joel Schreiber on bizarre Los Angeles Union Bank Plaza deal], ''The Real Deal'', 23 December 2024.</ref>
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He also pledged the [[WeWork]] interest as loan collateral from 2016, including (press says) a pledge of the entire stake held through [[We Member LLC]] to [[Adam Neumann]] himself, and in September 2019 a pledge of 1.56 million shares — then said to be worth more than $90 million — to [[Goldman Sachs]] for a $20 million revolving facility.<ref name="TRD2022"/><ref name="TRDJudgments">Keith Larsen, [https://therealdeal.com/new-york/2023/06/14/joel-schreiber-hit-with-over-100m-in-judgments/ Joel Schreiber ordered to pay Starwood, Goldman Sachs $100M], ''The Real Deal'', 14 June 2023.</ref>
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=== Los Angeles ===
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In 2014 [[Waterbridge Capital]] and [[Jack Jangana]]’s [[Continental Equities]] bought the vacant [[Broadway Trade Center]], 801 South Broadway, Downtown Los Angeles — about 1–1.2 million square feet — for $122–123 million. A 2016 [[Jamestown]] loan of $164 million was reported for a redevelopment; a condition was said to bar further debt. In 2018 a [[Starwood Capital Group]] affiliate refinanced the building at about $213 million, later increased to $219 million. [[Joel Schreiber]] and [[Jack Jangana]] signed personal guarantees. Schemes floated for the empty pile included a “metaverse hub.” [[Starwood Capital Group]] took the building at a December 2022 foreclosure sale on a $200 million credit bid after payment default. An ownership entity had sought Chapter 11 in August 2022.<ref name="TRDJudgments"/><ref name="TRDForeclose">Isabella Farr, [https://therealdeal.com/la/2022/12/21/starwood-takes-schreibers-broadway-trade-center-following-foreclosure/ Starwood takes Schreiber’s Broadway Trade Center following foreclosure], ''The Real Deal'', 21 December 2022.</ref><ref name="TRDStarwoodSue">[https://therealdeal.com/new-york/2022/09/27/starwood-sues-joel-schreiber-for-272m-over-troubled-la-building/ Starwood sues Joel Schreiber for $272M over troubled LA building], ''The Real Deal'', 27 September 2022.</ref>
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While that loan was in default, [[Waterbridge Capital]] bid for [[Union Bank Plaza]], a 40-storey Downtown Los Angeles tower (reported winning bid $155 million in 2022; close later given as $104–110 million in March 2023). [[Joel Schreiber]] said in deposition that he had no equity, only a shared management fee with [[Cushman & Wakefield]], but signed a personal guarantee on the mezzanine loan. The tower was sold in 2024 to [[Southwest Carpenters Pension Trust]] for about $24 million less than the purchase price; press said the group still made money on a lease pay-out.<ref name="TRDUB"/><ref name="TRDPoverty">Keith Larsen, [https://therealdeal.com/new-york/2024/12/05/grilled-about-high-spending-joel-schreiber-pleads-poverty/ Grilled about high spending, Joel Schreiber pleads poverty],
  
 
== See also ==
 
== See also ==

Revision as of 13:09, 22 September 2026

British-born American property investor and founder of Waterbridge Capital; Companies House officer born August 1979

Joel Schreiber
Image
Born August 1979 Islington, London, England
Died
Nationality British
Residence New York, United States
Occupation Property investor
Known for Founder of Waterbridge Capital; early investor in WeWork
Parents
Spouse(s) Rivka Shwartz (m. 2000)
Children
Sibling(s)
Education
Predecessor
Website

Joel Schreiber (born August 1979) is a British-born property investor, founder of Waterbridge Capital in New York, and an early investor in WeWork. He is registered at Companies House as an officer with date of birth August 1979 (officer ID GZ-ozBeHVp2TjL-P2Srg9MEUbxU) and 29 recorded appointments.[1][2] An England and Wales civil birth entry records a Joel Schreiber born in the third quarter of 1979 in the Islington registration district, mother’s maiden name Klein.[3]

He should not be confused with a separate Companies House officer also named Joel Schreiber (born 1949), date of birth March 1949 (officer ID zA10CR8SVy1ZCEA21BLd5ex-C9g), whose correspondence addresses include 20 Ashtead Road, London E5 9BH.[4] Press reporting has described the younger Schreiber as born into a Hasidic family in London and as having a father who was a businessman in London.[5][6]

Early life and family records

Birth records show that Joel was born in the third quarter of 1979 and his mother's maiden name was Klein.[7]

Marriage records show only one marriage that could be his parents. This was of Osias Schreiber to Gyta Klein in Salford in 1974.[8]

Civil marriage records list a Joel Schreiber marrying Rivka Shwartz in the first quarter of 2000 in the Hackney registration district.[9] A separate 1970 marriage of a Joel Schreiber to Helen Zucker in Stoke Newington is consistent with the older officer generation and is not the 1979 birth record.[10]

UK electoral-register and director address compilations for a Joel Schreiber in the 45–49 age band list 141A and 147 Stamford Hill, London N16 5LG; 150 Rosebery Avenue, London N17 9SD; and 40 Clapton Common, London E5 9DG.[11] Those Stamford Hill addresses overlap the registered office used by Midos Group companies associated with the wider Schreiber family property network in Stamford Hill.

United Kingdom directorships

The August 1979 officer record lists 29 appointments. Correspondence addresses on those filings are mainly 150 Rosebery Avenue, London N17 9SD, with earlier entries at 141A Stamford Hill N16 5LG and 86 Forburg Road N16 6HT, and one at 40 Fawcett Estate, Clapton Common E5 9DG.[1] Filings typically give nationality as British and place of residence as England.

Selected current appointments on that officer record include:

Company Number Appointed Correspondence address
Roedean Property Ltd 17262350 4 June 2026 150 Rosebery Avenue, N17 9SD
Webb Estate Property Ltd 17061561 1 March 2026 150 Rosebery Avenue, N17 9SD
JS Slough Ltd 16926482 22 December 2025 150 Rosebery Avenue, N17 9SD
JSF Slough Ltd 16902452 10 December 2025 150 Rosebery Avenue, N17 9SD
Larbert Estate Ltd 15842148 16 July 2024 40 Fawcett Estate, Clapton Common, E5 9DG
Astbury Property Ltd 15487815 13 February 2024 150 Rosebery Avenue, N17 9SD
Arus Estates Ltd 14690150 13 March 2023 150 Rosebery Avenue, N17 9SD
Grayscroft Property Ltd 13982891 17 March 2022 150 Rosebery Avenue, N17 9SD
SE23 Investments Ltd 13736356 10 November 2021 150 Rosebery Avenue, N17 9SD
SE23 Group Ltd 13736329 10 November 2021 150 Rosebery Avenue, N17 9SD
Leaside Residential Limited 13560628 11 August 2021 150 Rosebery Avenue, N17 9SD
Reward Property Limited 13543867 2 August 2021 150 Rosebery Avenue, N17 9SD
SE23 Property Ltd 13274767 18 March 2021 150 Rosebery Avenue, N17 9SD
Clapton Property Limited 13200913 15 February 2021 150 Rosebery Avenue, N17 9SD
Northwold Property Limited 12764217 23 July 2020 150 Rosebery Avenue, N17 9SD
Wigan Property Ltd 12745450 15 July 2020 150 Rosebery Avenue, N17 9SD
HP5 Residential Ltd 12716927 3 July 2020 150 Rosebery Avenue, N17 9SD
HP5 Group Ltd 12714068 2 July 2020 150 Rosebery Avenue, N17 9SD
Caldicot Properties Limited 11911050 17 March 2020 150 Rosebery Avenue, N17 9SD
Fawcett Property Ltd 12518070 16 March 2020 150 Rosebery Avenue, N17 9SD
HP5 Investments Ltd 12052200 14 June 2019 150 Rosebery Avenue, N17 9SD
HP5 Properties Ltd 11776905 21 January 2019 150 Rosebery Avenue, N17 9SD
Aviv Property Limited 10658053 8 March 2017 86 Forburg Road, N16 6HT
JRS Property Holdings Ltd 09966836 25 January 2016 86 Forburg Road, N16 6HT
JSF Holdings Ltd 09888249 8 December 2015 141A Stamford Hill, N16 5LG
TKB Commercial Limited 08915223 27 February 2014 150 Rosebery Avenue, N17 9SD

United States career

Joel Schreiber moved to New York in the late 1990s. From 2000 he bought residential property in Brooklyn, upstate New York and New Jersey with family money and a syndicate of private investors; by 2004 he had sold most of that portfolio and concentrated on commercial buildings in Manhattan. He founded Waterbridge Capital in 2006, a Midtown investment firm later described as Brooklyn-based in court reporting.[5][12]

His first major Manhattan purchase was 536 Broadway, SoHo — office and retail — for about $190 million in 2007, with a group of investors.[5] In 2012 he partnered with Adam Neumann and Alchemy Properties to buy the top floors of the Woolworth Building, 233 Broadway, for a reported $68 million for a condo conversion; a seven-storey penthouse was later marketed at $110 million. In a later deposition he said he retained a fraction of the promote.[5][6]

WeWork

In 2010 he provided seed capital to Adam Neumann and Miguel McKelvey for WeWork. Trade press and WeWork lore commonly report $15 million for a one-third stake to open the first locations. In a 2018 deposition Joel Schreiber said he had invested between $1 million and $2 million; a 2019 lender complaint put the figure at $4 million. He told the deposition: “I made those guys. I started WeWork. I seeded WeWork for them.” Waterbridge Capital confirmed to The Real Deal that he was the first investor and “provided seed capital to open the first few locations.” A later lawsuit valued the stake as high as $1 billion when WeWork itself was marked at $47 billion. He later cashed stock to SoftBank; press put that exit at least at $44 million.[5][6][13][14]

He also pledged the WeWork interest as loan collateral from 2016, including (press says) a pledge of the entire stake held through We Member LLC to Adam Neumann himself, and in September 2019 a pledge of 1.56 million shares — then said to be worth more than $90 million — to Goldman Sachs for a $20 million revolving facility.[6][15]

Los Angeles

In 2014 Waterbridge Capital and Jack Jangana’s Continental Equities bought the vacant Broadway Trade Center, 801 South Broadway, Downtown Los Angeles — about 1–1.2 million square feet — for $122–123 million. A 2016 Jamestown loan of $164 million was reported for a redevelopment; a condition was said to bar further debt. In 2018 a Starwood Capital Group affiliate refinanced the building at about $213 million, later increased to $219 million. Joel Schreiber and Jack Jangana signed personal guarantees. Schemes floated for the empty pile included a “metaverse hub.” Starwood Capital Group took the building at a December 2022 foreclosure sale on a $200 million credit bid after payment default. An ownership entity had sought Chapter 11 in August 2022.[15][16][17]

While that loan was in default, Waterbridge Capital bid for Union Bank Plaza, a 40-storey Downtown Los Angeles tower (reported winning bid $155 million in 2022; close later given as $104–110 million in March 2023). Joel Schreiber said in deposition that he had no equity, only a shared management fee with Cushman & Wakefield, but signed a personal guarantee on the mezzanine loan. The tower was sold in 2024 to Southwest Carpenters Pension Trust for about $24 million less than the purchase price; press said the group still made money on a lease pay-out.[14]<ref name="TRDPoverty">Keith Larsen, Grilled about high spending, Joel Schreiber pleads poverty,

See also

References

  1. ↑ 1.0 1.1 Joel SCHREIBER personal appointments, Companies House, retrieved 15 September 2026.
  2. ↑ Joel Schreiber, Wikipedia, retrieved 15 September 2026.
  3. ↑ England & Wales Births 1837-2006, Joel Schreiber, registration year 1979, quarter 3, district Islington, volume 13, page 1297.
  4. ↑ Joel SCHREIBER personal appointments (March 1949), Companies House, retrieved 15 September 2026.
  5. ↑ 5.0 5.1 5.2 5.3 5.4 Konrad Putzier, The story of WeWork’s mysterious first investor, The Real Deal, 1 December 2017. Cite error: Invalid <ref> tag; name "TRD2017" defined multiple times with different content
  6. ↑ 6.0 6.1 6.2 6.3 Joel Schreiber, WeWork’s first investor, under fire on multiple fronts, The Real Deal, 2 November 2022.
  7. ↑ First name(s) Joel Last name Schreiber Birth registration year 1979 Registration quarter 3 Mother's maiden name Klein District Islington County London Country England Volume 13 Page 1297 Record set England & Wales Births 1837-2006 Category Birth, Marriage, Death & Parish Records Subcategory Civil Births Collections from Great Britain, England
  8. ↑ First name(s) Osias Last name Schreiber Marriage quarter 1 Marriage year 1974 Registration month - MarriageFinder™ Osias Schreiber married one of these peopleGyta Klein Spouse's last name Klein District Salford District number - County Lancashire Country England Volume 10F Volume as transcribed 10F Page number 1034 Record set England & Wales Marriages 1837-2005 Category Birth, Marriage, Death & Parish Records Subcategory Civil Marriage & Divorce Collections from Great Britain, England
  9. ↑ England & Wales Marriages 1837-2005, Joel Schreiber and Rivka Shwartz, marriage year 2000, quarter 1, district Hackney, page 0160.
  10. ↑ England & Wales Marriages 1837-2005, Joel Schreiber and Helen Zucker, marriage year 1970, quarter 3, district Stoke Newington, volume 5E, page 379.
  11. ↑ UK Electoral Registers & Companies House Directors, Joel Schreiber, addresses at Stamford Hill N16 5LG, Rosebery Avenue N17 9SD and Clapton Common E5 9DG.
  12. ↑ The Team, Waterbridge Capital, retrieved 15 September 2026.
  13. ↑ David Jeans, WeWork’s first investor used his stock as collateral. Now his lenders are suing him, The Real Deal, 11 October 2019.
  14. ↑ 14.0 14.1 Joel Schreiber on bizarre Los Angeles Union Bank Plaza deal, The Real Deal, 23 December 2024.
  15. ↑ 15.0 15.1 Keith Larsen, Joel Schreiber ordered to pay Starwood, Goldman Sachs $100M, The Real Deal, 14 June 2023.
  16. ↑ Isabella Farr, Starwood takes Schreiber’s Broadway Trade Center following foreclosure, The Real Deal, 21 December 2022.
  17. ↑ Starwood sues Joel Schreiber for $272M over troubled LA building, The Real Deal, 27 September 2022.
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