Fred Sands

Fred Sands (February 16, 1938 – October 23, 2015) was an American business executive and real estate investor. He served as the Chairman of Vintage Capital Group.

Fred Sands
BornFebruary 16, 1938
New York City, U.S.
DiedOctober 23, 2015(2015-10-23) (aged 77)
Boston, Massachusetts, U.S.
Alma materUniversity of California, Los Angeles
OccupationReal estate
Spouse(s)Carla Sands
ChildrenJonathan, Alexandra
WebsiteVintageCapitalGroup.com

Early life

Fred Sands was born to a Jewish family[1] on February 16, 1938 in Manhattan, New York City.[2][3][4] His father was a taxi driver.[4] He moved to Boyle Heights, Los Angeles, California with his parents in 1945, when he was seven years old.[2][4]

Sands was educated at Roosevelt High School. He attended the University of California, Los Angeles.

Career

Sands established Fred Sands Realtors, a real estate company headquartered in Brentwood, Los Angeles, in the 1960s.[4] Over the years, the company opened 65 offices in California.[4] In 2000, he sold it to Coldwell Banker.[1] The merger was managed by Lloyd Greif.[5]

Sands headed two private investment firms, Vintage Capital Group and Vintage Real estate, both headquartered in Los Angeles. Vintage Capital Group invested in a variety of businesses and industries, specializing in turnarounds of distressed companies and bankruptcies. Vintage Real Estate and Vintage Fund Management were both wholly owned divisions of the Group. The company typically acquired underperforming shopping centers and renovated them.[6][7][8] Among the firm's current projects is SouthBay Pavilion, in Carson, California.[9] Fred also owned radio stations and hotels in the past.

Sands was the original estate agent for Mulholland Estates, a gated community in Los Angeles.[10]

Sands was a co-founder of the Museum of Contemporary Art, Los Angeles,[4] and served as the Vice Chairman of its Board of Trustees.[11] He also served on the Board of Trustees of the Los Angeles Opera.[12]

Sands was appointed by President George W. Bush to the President's Advisory Committee on the Arts and a liaison to the Kennedy Center.[11] He was also appointed by Governor Arnold Schwarzenegger to the California Arts Council.[11]

Personal life

Sands was married to Carla Herd.[2][13] They resided in Bel Air and collected art.[2] He had a son, Jonathan, and a daughter, Alexandra.[3]

Death

Sands died of a stroke in Boston, Massachusetts on October 23, 2015 at the age of 77.[4] His funeral was held at the Wilshire Boulevard Temple in Los Angeles, California on October 30, 2015.[3][1]

References
  1. Torok, Ryan (October 27, 2015). "Fred Sands, real estate leader and philanthropist, dies at 77". The Jewish Journal of Greater Los Angeles. Los Angeles, California. Retrieved October 27, 2015.
  2. Peter Y. Hong, Knowing when to get in, and out, The Los Angeles Times, January 11, 2009
  3. Lopez, Matt (October 26, 2015). "Real Estate Mogul Fred Sands Dies At 77". The Beverly Hills Courier. Beverly Hills, California. Retrieved October 27, 2015.
  4. Khouri, Andrew (October 27, 2015). "Fred Sands, once the king of high-end L.A. real estate, dies at 77". The Los Angeles Times. Retrieved October 29, 2015.
  5. Oldham, Jennifer; Wedner, Diane (December 2, 2000). "Southland Real Estate Giants to Merge". The Los Angeles Times. Retrieved August 26, 2016.
  6. "Vintage Real Estate buys retail center north of Cincinnati". Los Angeles Business Journal. 2007-07-26. Retrieved 2010-01-18.
  7. Hong, Peter Y. (2009-01-11). "Knowing when to get in, and out". Los Angeles Times. Retrieved 2010-01-18.
  8. "Vintage Real Estate. (appointments)". Los Angeles Business Journal. 2007-02-19. Retrieved 2010-01-18.
  9. Vincent, Roger (2009-07-09). "Fred Sands adds SouthBay Pavilion to growing portfolio". Los Angeles Times. Retrieved 2010-01-18.
  10. Crouch, Gregory (October 30, 1988). "Subdivision Claims Beverly Hills Style--in Sherman Oaks". The Los Angeles Times. Retrieved December 1, 2017.
  11. MOCA Raises $57 Million, Contributes $8.5 Million to Endowment Assets, Art Daily,
  12. Los Angeles Opera: Board of Trustees
  13. Los Angeles Music Center: Board of Directors: Blue Ribbon
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