Once described as "the first large New York City real estate investment trust company".
[2][3] In addition to Morgenthau, the company's directors included former New York City mayor Hugh Grant.
[4] The real estate purchases and sales alienated legitimate trust company business, however, so they were separated.
The officers and board of the new company were the same as that of the Lawyers' Title Insurance Company, with the addition of Henry Morgenthau, president of Central Realty, as a member of the board and of the finance committee.
The real estate of Central Realty was to be acquired by a syndicate or corporation to be organized by Henry Morgenthau.