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Bayrock Group is a private real estate investment and development firm specializing in luxury residential, commercial and mixed use projects. Through its affiliated entities, Bayrock has made investments in transactions comprising real estate assets valued in excess of $2.5 billion. Bayrock's flexible investment strategy allows it to pursue investments in a variety of sectors and markets.
Corporate structure
The Bayrock Group was founded in 2001 by Tevfik Arif, a former Soviet official from Kazakhstan. According to Forbes, Bayrock is "a series of commonly controlled, but not wholly owned, limited liability companies."[1] Bayrock Group is arranged in tiers, with Bayrock Group LLC having a majority or plurality interest in around 12 subsidiary holding companies. The holding companies in turn have majority interests in companies on lower tiers. The lower tier subsidiaries correspond to individual real estate projects, with Bayrock Spring Street corresponding to Trump SoHo, Bayrock Camelback to the Phoenix hotel project, and Bayrock Merrimac to the Trump Fort Lauderdale hotel.[2] Other Bayrock subsidiaries include Bayrock Whitestone and Bayrock Ocean Club.[citation needed]
Bayrock Group has had strategic partnerships with international entities outside of the United States including Icelandic investment company FL Group.