NEW YORK — You’d think that managing a $5 billion portfolio of retail, office, hotel and residential properties would be enough to keep most people busy. Joseph Sitt, chief executive officer of Thor Equities, isn’t most people. The international real estate development company, which specializes in value-added investments in shopping centers and mixed-use urban developments, has been advising upscale retailers looking to grow in the international market on leasing, strategic planning and investment sales.
“We’re one of the only companies that’s signed over 6,000 leases as tenants,” Sitt said. “We’ve been doing it forever under the Thor Equity name. We recently created a separate division, Thor High Street Advisory Group. We think it will create better branding.” High Street joins another advisory group in the company, Town Residential. The two divisions have about 300 employees. “In manpower they’re bigger than Thor Equities,” Sitt said.
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