He is a member of the Vornado Realty Trust board of trustees and former CEO and president of the company before stepping down from day-to-day responsibilities on February 26, 2013.
[1] He is a co-owner of the Milwaukee Bucks,[2] and in 2017 founded a $500 million SPAC, Landscape Acquisitions, with Noam Gottesman where they both serve as co-chairman.
[3] Since stepping back from day-to-day responsibilities at Vornado, Fascitelli has formed MDF Capital, a family-office investment firm, Landscape Acquisitions, a hospitality and real estate focused SPAC, and Imperial Companies.
Fascitelli also currently serves as the Head of the Investment Committee for the real estate technology startup, Cadre, in which he was an angel investor.
The company was founded by Jared and Josh Kushner, along with CEO Ryan Williams and has been backed by George Soros, Jack Ma, Peter Thiel and other high-profile investors.
[14] In 2015, Fascitelli was nominated by Governor Andrew Cuomo to serve a six-year term on the Board of Commissioners of the Port Authority of New York and New Jersey.
As reported in a 2014 'Wine Spectator' [23] Fascitelli was targeted in a 2008 scheme in which Kurniawan attempted to sell him two wine collections for $30 million, later revealed to be counterfeit.
Fascitelli's experience brought attention to the broader issue of wine fraud, which has impacted numerous collectors and institutions worldwide.