Omar Boraie is an Egyptian real estate investor and enthusiastic philanthropist based in New Brunswick, New Jersey. He settled in New Brunswick over 50 years ago after traveling in Europe and witnessing the effect that real estate has on the landscape and the general attitudes of a community. Omar Boraie then decided to bring about transformative social change in New Brunswick by investing in real estate.
He is the founder and current Vice President of Boraie Development LLC, a real estate firm that specializes in all aspects of urban real estate management, property development, as well as dealing with the sales and marketing part of development. Boraie Development offers services such as building administration and maintenance, customer service, and leasing.
With more than three decades of expertise in developing property, Boraie Development has grown to be one of the leading developers in New Jersey. Through its subsidiary, Boraie Realty, the firm has engaged in commercial and residential property transactions valued at over $150 million.
When he first arrived in New Brunswick, Omar Boraie noticed that there was a gap in the real estate market as most people working there lived in other cities. Today, with ongoing projects in Atlantic City and Newark, Boraie Development has completed projects such as Albany Street Plaza, The Aspire, One Spring Street Condominiums, and Rector Street in New Brunswick.
Such projects have not only revamped the landscape of New Brunswick but have also made an enormous social impact on the community. It has ensured that entities such as Johnson & Johnson, as well as the Rutgers University, stay in the city. It has also increased the influx of quality renters who are willing to work and live in the city thereby making an economic impact.
As a philanthropist, Omar Boraie believes that for property development to be prosperous, the developer first needs to advance the surrounding community. Owing to this, he supports Elijah’s Promise, a nonprofit organization that provides meals for the hungry in the community of New Brunswick.
According to patch, Omar Boraie has also pledged $1.5 million to the Rutgers Cancer Institute and supports other initiatives involving education and cancer research in New Jersey.
For more details about Boraie visit: https://www.crunchbase.com/person/omar-boraie#/entity