Mark Kaplan, the chief operating officer at RIPCO Real Estate, has been promoted to president of the commercial brokerage firm.
Kaplan, who will continue to serve as COO, will oversee company operations, expansion and its implementation of new initiatives, according to a company statement.
Since joining RIPCO in 2017, Kaplan has been instrumental in increasing the firm’s market presence from three offices to eight, adding more than 70 brokers, launching the company’s investment sales, property management and debt/equity and structured finance divisions and leading the firm through its first-ever merger and acquisition deal with the recent acquisition of restaurant real estate brokerage BCD.
“This promotion is earned and well deserved,” Peter Ripka, co-founder of RIPCO, said in the statement. “Mark is highly intelligent, ambitious, analytical, creative and solves problems in fair minded ways. He is a natural born leader and more important than anything, he has become family for us, and we enjoy working with him every single day.”
Kaplan, who is also an attorney, serves as an executive board member of the Long Island Real Estate Group and is co-founder of its Next Generation division. He is a founder of Sagamore Hill Partners, a retail-focused real estate investment firm. Kaplan will continue to work with Ripka and RIPCO principals Todd Cooper and Gene Spiegelman in overseeing the firm’s day-to-day operations.
“After more than five years at RIPCO and working closely with Todd, Peter and Gene to expand the firm’s offerings, I am looking forward to taking on this new leadership position,” Kaplan said in the statement. “It’s been rewarding to be part of the company’s growth, especially during the challenges brought on by a global pandemic, and I am eager to continue to advance RIPCO as a highly regarded and nationally recognized real estate firm.”
Founded in 1991, RIPCO now has offices in Woodbury, Manhattan, Queens, Brooklyn, New Jersey, Connecticut, Miami and Tampa, Fla.