Key Takeaways
- Israeli immigrant Itzhak Ezratti built GL Homes into a Florida construction giant, reaching a $1.9 billion net worth.
- His company has built over 36,000 homes since 1976, with major growth following Hurricane Andrew in 1992.
- Though now chairman, Ezratti passed presidential duties to his son Misha in 2016, maintaining the company’s emphasis on quality and loyalty.
Itzhak Ezratti, the visionary entrepreneur behind GL Homes, has solidified his position as one of the wealthiest individuals in the United States.
With a net worth of $1.9 billion, Ezratti’s success story is an inspiring tale of hard work, innovation, and dedication to excellence in homebuilding.
The Beginnings Of GL Homes
GL Homes, short for “Good Luck Homes,” was founded in 1976 by Itzhak Ezratti and his father-in-law, Joseph Hanin.
Originally from Israel, Ezratti immigrated to the United States, starting his career as a bank teller in Washington, D.C., before moving to Florida.
Recognizing an opportunity in Florida’s growing real estate market, Ezratti launched GL Homes, which has since become one of the state’s largest private homebuilders.
The company gained significant momentum following Hurricane Andrew in 1992, a devastating storm that reshaped South Florida.
GL Homes played a pivotal role in the region’s recovery, selling approximately 1,000 homes in the aftermath.
This marked a turning point for the company, propelling it to the forefront of Florida’s residential construction industry.
GL Homes’ Impact On Florida Living
Over the past 45 years, GL Homes has completed more than 36,000 homes, earning a reputation for quality craftsmanship and innovative design.
The company specializes in creating luxurious, amenity-rich communities that cater to diverse lifestyles.
Under Ezratti’s leadership, GL Homes has introduced groundbreaking residential developments like APEX at Avenir in Palm Beach Gardens and Valencia Walk at Riverland in Port St. Lucie.
These communities offer state-of-the-art amenities, including resort-style pools, racquet clubs, wellness centers, and vibrant social hubs.
Ezratti’s son, Misha, now serves as the president of GL Homes, continuing the family legacy.
Misha Ezratti has been instrumental in modernizing the company’s operations while preserving its core values of integrity, customer satisfaction, and employee loyalty.
A Legacy Of Success
Itzhak Ezratti stepped down as president of GL Homes in 2016 but remains actively involved as chairman.
His leadership and vision have been the driving forces behind GL Homes’ evolution into a premier homebuilder.
Ezratti’s commitment to quality extends beyond the homes themselves.
He has cultivated a team of seasoned professionals, with the average manager tenure exceeding 22 years.
This dedication to employee retention translates to an enhanced customer experience, a hallmark of GL Homes.
In Case You Didn’t Know
- By focusing exclusively on Florida’s unique market, GL Homes has mastered the art of designing homes that thrive in tropical climates.
- Beyond his business accomplishments, Itzhak Ezratti is known for his philanthropic endeavors, supporting causes that align with his values of community and family.
