About Leo Ullman

Background Information:

Mr. Ullman, a member of the New York Bar, practiced law for some 35 years commencing in 1965 at the New York law firm, Sullivan & Cromwell. In 1968 and 1969, Mr. Ullman served as Deputy Assistant Chief Counsel at the U.S. Office of Foreign Direct Investments and published a monograph for the Bureau of National Affairs on those regulations.

Upon returning to private practice, he joined the international law firm of Baker Mackenzie in New York and subsequently formed his own firm (Ullman, Miller & Wrubel). His clientele consisted primarily of foreign institutional and private investors in U.S. real estate, including major financial institutions. Mr. Ullman subsequently founded and chaired the real estate group as a partner in the firm, Reid & Priest, in New York.

While still practicing law, Mr. Ullman formed a real estate management company in 1978 to source and manage a large number of various U.S. real estate investments as a fiduciary for private investors.

In 1998, Mr. Ullman, through a friendly tender offer, acquired control of a small real estate investment trust, Cedar Income Fund, Ltd. (with only four properties and a value of $13.5 million). Ullman moved its situs to the East Coast, re-incorporated under the name Cedar Shopping Centers, Inc. ("Cedar"), and started growing the Company with primarily supermarket-anchored "bread and butter" strip shopping centers in mid-Atlantic and Northeast coastal states. In 2003, Cedar Shopping Centers had an initial public offering and listing on the New York Stock Exchange for approximately $178 million with Merrill Lynch as lead underwriter.

Under Ullman's guidance, Cedar grew from its $13.5 million (largely borrowed) beginnings to approximately $1.7 billion in assets. In 2005, he was named Entrepreneur of the Year by Ernst & Young for the Real Estate/Hospitality Area; he subsequently served as a national judge over a period of several years for that competition.

Mr. Ullman retired as Chairman, CEO and President of Cedar Shopping Centers in June 2011 and founded Vastgood Properties, LLC at that time.


Mr. Ullman was born in the Netherlands and came to the U.S. at age 8-1/2. He is a graduate of Phillips Academy Andover (1957), Harvard College (A.B. 1961) and both Columbia Business School (M.B.A. 1964; Dean's List) and Columbia Law School (J.D. 1964; where he was a Harlan Fiske Stone Scholar).

Mr. Ullman served in the U.S. Marine Corps and Marine Corps Reserve from 1959-1965.

He has published a number of monographs and books on U.S. international tax matters and investments in U.S. real estate. Mr. Ullman speaks, reads and writes Dutch and continues to write a monthly column in the Dutch real estate publication, "Vastgoedmarkt".

Among his charitable and civic pursuits, Mr. Ullman serves as Chairman of the Foundation for the Jewish Historical Museum in Amsterdam, Inc., and a Member of the Development Committee of the U.S. Holocaust Memorial Museum in Washington, DC.



©2013-2014 William Lewis