Alan Smolinisky | |
---|---|
Born | |
Nationality | American |
Alma mater | University of Southern California |
Occupation | Entrepreneur/investor |
Spouse | |
Children | 3 |
Alan Smolinisky is an American entrepreneur/investor and part-owner of the Los Angeles Dodgers Major League Baseball franchise.[1][2][3][4][5][6] In June 2022, Smolinisky partnered with Nike founder Phil Knight and submitted an offer of more than $2 billion to purchase the Portland Trail Blazers National Basketball Association franchise.[7][8][9]
Smolinisky began his career in commercial real estate in the late 1990s while attending the University of Southern California. Smolinisky partnered with his then landlord Brian Chen. Together, through their company Conquest Student Housing, they built and renovated properties around Campus, eventually becoming the largest provider of student housing at USC,[10] and later at the University of California at Santa Barbara. Conquest became so dominant at USC that the university sued the company under the Sherman Antitrust Act for "monopolizing the student housing market around USC's University Park Campus".
The company was sold to a private equity firm and publicly traded REIT in summer 2008 for $205 million. After the sale, Smolinisky and Chen focused on public securities investment.
Smolinisky and Chen are value investors, an investment paradigm that derives from the ideas on investment that Benjamin Graham and David Dodd began teaching at Columbia Business School in 1928, focusing on acquiring assets below their intrinsic value. Today, that movement is most closely associated with Berkshire Hathaway chairman Warren E. Buffett and vice chairman Charlie T. Munger.
Smolinisky and Chen manage their own personal capital from Los Angeles with investments in commercial real estate, publicly traded securities, energy, capital equipment leasing and venture capital.