Larry Kosmont, President & CEO, Kosmont Companies
Mr. Larry J. Kosmont, CRE® is President and CEO of Kosmont Companies, which he founded in 1986. Kosmont Companies is an industry leader in public/private real estate transactions, economic development and public finance. In 2009, he created the Kosmont Muni Horizons FundTM which sources private financing for public projects, P3 initiatives, infrastructure funding and economic development.
Mr. Kosmont is also Managing Partner of Renaissance Community Fund, which invests and develops mixed use, residential and commercial projects throughout California, and a Principal of California Golden Fund, an approved EB-5 Regional Center. Last year, Mr. Kosmont was co-Vice Chair of BizFed’s Advocacy Committee.
Mr. Kosmont’s 38-year career encompasses negotiations, development, and management of real estate transactions exceeding $12 billion. He has an extensive track record as a public/private real estate consultant and developer, with expertise in creating and managing real estate transactions, structured financings using public and private sources of equity and debt entitlement approvals, negotiation, and project implementation. Kosmont served as Interim City Administrator for the City of Montebello, CA from May 2011 to March 2012 as part of a financial turnaround assignment awarded to Kosmont Companies.
Mr. Kosmont has assisted hundreds of local government agencies in land development policy decisions ranging from large-scale economic development to site-specific real estate strategies and projects. He has guided over 1,000 private sector projects in obtaining public approvals, structuring deal terms, and securing public/private financing. From 1975 to 1986, Mr. Kosmont served in the roles of City Manager, Director of Community Development, and Redevelopment Director in the cities of Santa Monica, Seal Beach, Bell Gardens, and Burbank.
He served as President of the City Managers Association in Southeast Los Angeles County for two consecutive years. In 1995, Mr. Kosmont conceived of and created the Kosmont-Rose Institute Cost of Doing Business Survey©, which is now recognized as the industry standard for comparing city taxes and economic incentives. The Survey covers 300 cities within the United States, and is published annually by California’s Claremont-McKenna College. In 1996, Mr. Kosmont was named Service Professional of the Year in the Los Angeles Business Journal’s “Who’s Who of Commercial Real Estate.” Mr. Kosmont has served as a State Commissioner on the California Economic Development Commission, and until December 2007, as a Los Angeles City Commissioner on the Industrial Development Authority. He is a registered Municipal Advisor with the U.S. Securities and Exchange Commission, and a licensed real estate broker in California.