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The Seligman Group manages the financial interests of Scott Seligman, founded in 1954, by Irving R. Seligman, Seligman & Associates, Inc. and its affiliated companies focus on the development, acquisition, and management of commercial and residential properties throughout the western United States. The predecessor company was started as Stern & Seligman in 1947. In 1976, Irving's son, Scott Seligman, became Group Vice-President of Seligman, responsible for single-family building operations as well as management of multi-family properties located in the Metropolitan Detroit area. In 1984, Scott Seligman chartered the Sterling Savings and Loan Association which focused on mortgage lending and servicing. In 1993, with the addition of a Trust division, Sterling became Sterling Bank & Trust, FSB, a Federal Savings Bank. Further diversification in 1994 led to the development of the consumer lending area which focused on indirect auto and marine lending. Today, Sterling Bank & Trust is a publicly traded company with a $92 million net worth, which was internally generated from the initial $3 million capitalization. Through Quantum Capital, Seligman operates a boutique investment firm focused on actively managed investment strategies. The firm has interests in aviation via Presidential Aviation. Seligman is a minority owner of the San Francisco Giants major league baseball team. Seligman is active in Jewish causes and has served on the Capital Planning Committee at the Jewish Community Federation of San Francisco, was a board member of the Jewish Federation of Las Vegas, served on the board of the Jewish Telegraphic Agency, and served as a Committee Member with Birthright Israel. Through Pioneer Realty of Michigan, LLC, Seligman continually seeks portfolio properties which fit into the Seligman core holding model, and which can benefit from Seligman management expertise. Seligman, along with its affiliates are continuously looking for value investment opportunities in office, warehouse and industrial, multi-family, and retail real estate, with ventures primarily focused in Michigan, California, Nevada, Texas, Arizona and Hawaii.
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