Fred Sands (February 16, 1938 – October 23, 2015) was an American business executive and real estate investor. He served as the Chairman of Vintage Capital Group.
Early life
Fred Sands was born to a Jewish family[1] on February 16, 1938 in Manhattan, New York City.[2][3][4] His father was a taxi driver.[4] He moved to Boyle Heights, Los Angeles, California with his parents in 1945, when he was seven years old.[2][4]
Sands was educated at Roosevelt High School. He attended the University of California, Los Angeles.
Career
Sands established Fred Sands Realtors, a real estate company headquartered in Brentwood, Los Angeles, in the 1960s.[4] Over the years, the company opened 65 offices in California.[4] In 2000, he sold it to Coldwell Banker.[1] The merger was managed by Lloyd Greif.[5]
Sands headed two private investment firms, Vintage Capital Group and Vintage Real estate, both headquartered in Los Angeles. Vintage Capital Group invested in a variety of businesses and industries, specializing in turnarounds of distressed companies and bankruptcies. Vintage Real Estate and Vintage Fund Management were both wholly owned divisions of the Group. The company typically acquired underperforming shopping centers and renovated them.[6][7][8] Among the firm's current projects is South Bay Pavilion, in Carson, California.[9] Fred also owned radio stations and hotels in the past.
Sands was the original estate agent for Mulholland Estates, a gated community in Los Angeles.[10]
Philanthropy
Sands was a co-founder of the Museum of Contemporary Art, Los Angeles,[4] and served as the Vice Chairman of its Board of Trustees.[11] He also served on the Board of Trustees of the Los Angeles Opera.[12]
Sands was appointed by President George W. Bush to the President's Advisory Committee on the Arts and a liaison to the Kennedy Center.[11] He was also appointed by Governor Arnold Schwarzenegger to the California Arts Council.[11]
Personal life
Sands was married to Carla Herd, a philanthropist who serves as President of the Blue Ribbon Board of Directors of the Los Angeles Music Center[2][13] and was appointed United States Ambassador to Denmark by President Donald Trump in 2017. They resided in Bel Air and collected art.[2]
He had a son, Jonathan, and a daughter, Alexandra.[3]
Death
Fred Sands died of a stroke in Boston, Massachusetts on October 23, 2015 at the age of 77.[4] His funeral was held at the Wilshire Boulevard Temple in Los Angeles, California on October 30, 2015.[3][1]
Fred Sands is interred at Westwood Village Memorial Park in Los Angeles, California.
References
1. Torok, Ryan (October 27, 2015). "Fred Sands, real estate leader and philanthropist, dies at 77". The Jewish Journal of Greater Los Angeles. Los Angeles, California. Retrieved October 27, 2015.
2. Peter Y. Hong, Knowing when to get in, and out, The Los Angeles Times, January 11, 2009
3. Lopez, Matt (October 26, 2015). "Real Estate Mogul Fred Sands Dies At 77." The Beverly Hills Courier. Beverly Hills, California.
4. Khouri, Andrew (October 27, 2015). "Fred Sands, once the king of high-end L.A. real estate, dies at 77." The Los Angeles Times.
5. Oldham, Jennifer; Wedner, Diane (December 2, 2000). "Southland Real Estate Giants to Merge." The Los Angeles Times.
6. "Vintage Real Estate buys retail center north of Cincinnati." Los Angeles Business Journal. 2007-07-26.
7. Hong, Peter Y. (2009-01-11). "Knowing when to get in, and out." Los Angeles Times.
8. "Vintage Real Estate. (appointments)." Los Angeles Business Journal. 2007-02-19.
9. Vincent, Roger (2009-07-09). "Fred Sands adds South Bay Pavilion to growing portfolio." Los Angeles Times.
10. Crouch, Gregory (October 30, 1988). "Subdivision Claims Beverly Hills Style--in Sherman Oaks." The Los Angeles Times.
11. MOCA Raises $57 Million, Contributes $8.5 Million to Endowment Assets, Art Daily,
Crouch, Gregory (October 30, 1988). "Subdivision Claims Beverly Hills Style--in Sherman Oaks." The Los Angeles Times.
12. Los Angeles Opera: Board of Trustees
13. Los Angeles Music Center
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