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$4.6 billion
up 15%
Palmer, 75, is one of the most prominent multifamily developers in downtown Los Angeles. In an area dominated by skyscrapers, the buildings in his “Renaissance Collection” of apartment buildings stand out for their Italianate architectural style and their large footprints. His G.H. Palmer Associates Real Estate Development company has produced numerous luxury downtown compounds. On its website, the firm boasts that it runs a portfolio of more than 15,000 units. Considered quite an outspoken critic of the city’s housing market, Palmer has found himself in the middle of much conflict, especially with city officials. In 2021, his company GHP Management Corp. sued the city, alleging that the pandemic-era rent moratorium caused him to suffer more than $20 million in lost rental income. The suit was dismissed in the U.S. District Court in November 2022. Politics: Palmer served as a major fundraiser for President Donald Trump during all three of his runs for presidency. Education: Palmer graduated from University of Colorado and holds a juris doctor from Pepperdine University Caruso School of Law. Outside Organizations: He has served on the board of directors for the Los Angeles County Museum of Art.
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