Joseph Shafran

Joseph Shafran, Chairman and Chief Executive Officer of Paran Management Company, Ltd., founded the company in 1975 with the objective of specializing in the rehabilitation of community shopping centers in small towns and cities in the Midwest. Under his guidance and vision, the company has grown to manage in excess of one-million square feet of commercial space in two states, multi-family apartments and boutique hotels. In addition to his responsibilities at Paran, Mr. Shafran was a Founding Director of a commercial bank, and the developer of Glidden House, a boutique hotel, located in a restored 80-year-old mansion at University Circle in Cleveland. He is active in numerous professional and civic organizations, as well as an officer or trustee of several organizations, including University Circle, Inc., Cleveland Museum of Natural History and a local school board. In 1967, Mr. Shafran received his B.S. in Economics from the Wharton School of the University of Pennsylvania.