What You Don't Know About Precise Capital Management's Daniel Gryfe

Daniel Gryfe was poised to be the fourth generation of his family to run their legendary, 103-year-old Toronto bagel biz. But for this “deal junkie,” real estate has proven even more irresistible than delicious baked dough.

In just six years, Daniel, 32, has built a real estate investment firm that went from owning a single six-plex in Toronto to being involved in half a billion dollars in deals, including the purchase in 2011 of a $40M portfolio of mixed-use properties in the GTA. Precise Capital Management continues to acquire multifamily residential properties in Toronto, and Daniel says he’s working on deals in New York, including a mixed-use, rent-stabilized apartment building and storefront in Upper Manhattan. He's also pursuing a billion-dollar US property portfolio.

Born and raised in Toronto, Daniel graduated from Yeshiva University in New York with a bachelor’s degree in business management and corporate finance. He met his wife, Dena, pictured, in New York and has lived there off and on over the past decade. Daniel did a stint in investment banking out of school and also worked a while for the family biz, running Gryfe’s Bagel Bakery’s wholesale distribution operation, which he grew to over 500 stores in the US.

___________________

What You Don't Know About Daniel Gryfe

First-ever job: Working with my father at 3 a.m. in our bagel bakery.

Greatest fear: Losing my stellar reputation. Having a family name that’s been known for honesty and quality for 100-plus years, and keeping that tradition alive.

Best advice you’ve received: Stay focused, work hard, and have lots of luck.

Person (living or dead) you'd want to meet: I’ve met anybody I’ve wanted to meet, or called anybody I’ve wanted to speak to.

Daily ritual: Prayer three times a day.

Favourite book: Make Your Own Luck

Favourite movies: Wall Street, Wolf of Wall Street — any of the movies that are cynical but truthful about today’s economy.

Favourite vacation spot: Ocean Club, Bahamas. Also love going to Israel (where he's pictured above).

Favourite restaurant: Prime Grill in New York; they have great sushi and kosher steak.

Favourite bagel: Gryfe’s. If I said anything else it’d be sacrilege.

Hobbies: Watch collection, art collection, Scotch collection, car collection (love my new 2014 Bentley GTC)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

2 San Jose Multifamily Towers Change Hands For Combined $380M

Russell Galbut Axes 3 Miami Beach Live Local Act Projects

Phoenix Apartment Concessions Are Luring Students Away From Campus Housing

Receiver Appointed For X Denver Apartment Building Near Coors Field

Social Housing Providers Turn To Bond Markets To Fund Expansions

Revere Beach Apartments Sell For $77M

Pair Of Evanston Apartment Buildings Trade Hands, Including A Reinsdorf-Backed Sale

Developer Inks Deal To Move HQ To Lerner's Tysons Tower

Years Later, Millions In Chicago Housing Projects Remain Unbuilt

Developers Scheme To Build More Housing Units As NYC's Tax Incentive Ages

U.S. Multifamily Market Regaining Its Balance As Yearslong Supply Wave Tapers Off

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District