Patricia F. Goldstein, Trailblazing CRE Exec 1945-2015
On the passing of Patricia F. Goldstein, Vice Chairman and Head of Commercial Real Estate for Emigrant Bank: Ms. Goldstein passed away on April 23rd following a bicycle accident in Highland Beach, Florida.
“Pat was an iconic, larger than life leader in banking and real estate in New York City and the nation, a true force of nature, a pioneer in her field for women, and a mentor to many,” Howard P. Milstein, chairman of Emigrant and Milstein Properties, said in an e-mailed statement.
The governors, members and staff of The Real Estate Board of New York mourn the passing of Patricia Goldstein. Pat played a crucial role in the financing of many real estate developments in New York. She was a long time member of REBNY and served on the Board of Governors from 1992 to 1999. Pat was honored by her peers when she received the Commercial Woman of the year award from the Commercial Real Estate Women of New York in 1995. Patricia was Vice Chairman and head of commercial real estate for Emigrant Savings Bank. Prior to joining Emigrant, she served as Division Executive of Citicorp Global Real Estate; in all she spent 28 years at Citicorp. We express our sincere condolences to Patricia’s husband Howard Epstein, her children Alicia Goldstein and Jeffrey Goldstein, and the entire Goldstein family. Rob Speyer- Chairman Steve Spinola- President John Banks- President-elect
– See more at: http://www.legacy.com/obituaries/nytimes/obituary.aspx?pid=174765888#sthash.Lm4Z2eH1.dpuf
Ms. Goldstein was a former top Citicorp commercial real estate executive who was in an elite class of women who in 1970 joined the first Citicorp credit training class to admit women. Ms. Goldstein went on to be a strong advocate for her gender. Ms. Golstein was initially offered a job as a stenographer with Citibank, but turned down the job and convinced the hiring manager to allow her to be the first woman to take their credit training classes. She became known for restructuring billions of dollars of Citicorp debt during the 1990 financial crisis. Ms. Goldstein received the Commercial Real Estate Women of the Year Award in 1995 from the Commerical Real Estate Women of New York.
Patricia obviously loved her work, as evidenced in this quote from 1998 article in American Banker: “I used to tell people I had the best job in the world,” Ms Goldstein said, “We had the biggest job in ownership and management. We hired a lot of people, we ran the big real estate companies, we brought in bankers, asset managers, and people to work on portfolio sales and we really had a lot of fun.” A sure sign of life well lived.
“Pat was an active menmber of The Real Estate Roundtable for many, many years,” said Jeffrey D. DeBoer, a colleague and CEO of The Real Estate Roundtable. “Her honest, informed and passionate perspective on real estate financing issues always helped us reach sound responsible advocacy positions. We will miss her tremendously.”
The tragic circumstances of Patricia’s passing — she and her husband were on bicycles and struck by a car — give us pause and resolve to always drive safely and without distraction.