East River Savings Bank
New York, NY

With the creation in the 1960's of Great Universal Development Company (a private company) and the acquisition of the Franchard Corporation and then The Mastan Company (both public companies), ADCO became an important source of funding for other real estate investors and developers in addition to structuring its own projects. In the 1970's, ADCO Founder Alvin Dworman merged Franchard, Mastan, and the public Lee Tire and Rubber to form Lee National Corp. which was subsequently privatized. Both Lee and Great Universal remain active ADCO affiliates.

Today, innovative solutions remain the key to every ADCO investment. From acquisition and development to management and marketing, ADCO consistently applies sophisticated structuring and pioneering financial methodologies to all aspects of real estate.