Mr. Palumbo is responsible for Millennium Partner’s commercial assets. The $2 billion real estate portfolio contains Millennium's office, retail, sports club, theater, extended-stay and parking assets throughout the country. Mr. Palumbo is also responsible for Millennium's investments in the luxury fitness business, which currently consists of six clubs operating under The Sports Club/LA brand name and managed by Millennium's Boston-based subsidiary, Millennium Partners Sports Club Management.
Mr. Palumbo also manages the capital structure and financial activities of Millennium's portfolio of six Ritz-Carlton hotels in Washington, Boston and New York City. In addition, Mr. Palumbo is responsible for investor relations with Millennium's German institutional partners.
Mr. Palumbo joined Millennium Partners in 1997. He initially oversaw the development of Millennium's mixed-use Ritz-Carlton developments in Washington, DC, Georgetown and Battery Park City in lower Manhattan.
Mr. Palumbo received his JD from the Stanford Law School and his MBA from the Stanford Graduate School of Business. He holds an undergraduate degree in economics from Princeton University, from which he graduated summa cum laude. He also attended Phillips Exeter Academy. Prior to joining Millennium, he worked in management consulting for Fortune 500 companies in a wide range of industries.more » « less