David Walentas is a principal of Two Trees Management Company. As the founder and owner of Two Trees -- a New York-based real estate development firm that has owned, managed and developed more than $3 billion in real estate over the past forty years – Mr. Walentas is credited as the visionary who assembled numerous DUMBO properties twenty five years ago and played a singular role in creating the artistic, vibrant, mixed-use neighborhood that it is today.
Under David Walentas’ leadership, Two Trees has successfully rehabilitated and converted more than 6,000 apartments and over 3 million square feet of office and retail space. The company currently owns more than 4 million square feet of commercial, industrial and residential real estate throughout the United States with the majority of its properties located in New York City. Notable condominium and co-op conversion projects that Two Trees has completed include: One Fifth Avenue, the Alwyn Court, and the Silk Building (in Manhattan), as well as the Clock Tower, Sweeney Building and 70 Washington (in DUMBO) and 110 Livingston (in Downtown Brooklyn). David, along with his son Jed, has been recognized for his commitment to smart growth and adaptive reuse practices in his real estate development work.
Mr. Walentas received Bachelor of Mechanical Engineering and Master of Business Administration degrees from the University of Virginia. He has endowed a Jefferson Scholarship (a scholarship program for outstanding undergraduate students) at the University of Virginia and is a sponsor of The University’s Darden Business School. David is a trustee of the Pratt Institute, a member of the Board of Directors of St. Ann’s Warehouse and a member of the Advisory Board of the New York University School of Medicine. Mr. Walentas routinely makes generous philanthropic contributions to numerous arts organizations and is establishing a foundation through which he will continue his work in this area.
Born in Rochester, New York, David worked his way through school where he excelled academically and as an athlete. He was awarded a Navy ROTC scholarship to college and worked on an Army construction project in Thule, Greenland to pay back student loans after graduation. Upon completing his project in Thule, David worked his way through Europe and North Africa and back to New York on a freighter. He completed his MBA and another overseas job, taking him to Japan and Australia, before he returned to New York to pursue his career in real estate.
David lives with his wife, Jane, in DUMBO and at their farm, Two Trees Stables, a 115-acre show horse and polo facility in Bridgehampton, New York. They have one son, Jed, who works with David at Two Trees.