President & CEO
Joseph J. Sitt is President & CEO of Thor Equities, a global leader in urban real estate development, leasing and management of commercial, residential, retail, hotel and mixed-use assets. The company owns prime property in the United States, Europe and Latin America, with a portfolio and development pipeline in excess of $10 billion and totaling more than 20 million square feet.
Mr. Sitt is also CEO of Thor Retail Advisors, Chairman of TOWN Residential, Chairman of Thor Urbana Mexico, and Chairman and Managing Principal of Thor Urban Property Funds.
He has served on the board of the Real Estate Roundtable in Washington D.C., the Department of Real Estate at Baruch College, and is a member of the Partnership for New York City. He also serves on the board of the Bedford Stuyvesant Restoration Corporation. Mr. Sitt is a managing director of Venetian Heritage, a non-profit organization that works to restore the Jewish museum and ancient synagogues of the Ghetto of Venice. He has spent much of his career in youth development and education, serving on the boards of Brooklyn’s TAB High School and Flatbush High School and most proudly, through a teen program, has acted as an ongoing mentor and guidance counselor to youth in various New York City communities.
Mr. Sitt is Chairman and Founder of Global Gateway Alliance, a non-profit organization established to address the major challenges facing the New York-New Jersey region’s aging airport system and related infrastructure.
He was awarded the 2014 Ernst and Young Entrepreneur of the Year award, and has been named by the New York Observer in its annual list as one of the Most Powerful People in New York Real Estate. Harvard professor Michael Porter and the Initiative for a Competitive Inner City (ICIC) have also honored him for his commitment to fostering healthy competitive business conditions and new opportunities in inner city neighborhoods.
Mr. Sitt founded women’s clothing retailer Ashley Stewart, expanding the company to 380 stores in over 100 cities. Its phenomenal growth prompted many national retailers to take notice of opportunities in the urban marketplace.