Howard Lee Michaels (November 3, 1955 – September 21, 2018)[1] was an American businessman who was the founder of the real estate investment advisory firm Carlton Group.
[3] Michaels levered his success and became a partner at the Long Island-based Carlton Brokerage and then in the early 1990s, he created a new company called Carlton Property Auctions which auctioned the plethora of distressed real estate from the early 1990s real estate bust.
[1][4] The Carlton Group focuses on raising money from high-net-worth individuals and institutions to provide 80 to 100 percent of the capital required for a real estate project.
[5] Based in New York City, the Carlton Group also has operations in Chicago, Los Angeles, Florida, Athens, and London.
Seeing that securitizations were a commodity product, Michaels returned to what he did best: bringing high-net-worth investors and real estate developers together.