Russell W. Galbut currently serves as the Managing Principal of Crescent Heights, Chairman of Norwegian Cruise Line Holdings Ltd. and Chairman of GFO Investments LLC.
Mr. Galbut and Crescent Heights, one of America’s largest and most respected developers of quality residential apartments and condominiums, have been active in the urban mixed-use real estate sector for over 30 years. Crescent Heights is considered a “best in class” developer with a successful track record of new constructions and renovations; currently active in over 15 markets from coast-to-coast and has developed over 50,000 residential units, including pioneering the condo hotel concept.
As current Chairman of Norwegian Cruise Line Holdings Ltd., Mr. Galbut is extremely well-versed in the travel and cruise line industries. He has also served as a member of the Board of Directors of Prestige Cruises International, Inc. from September 2005 until November 2014 when Norwegian Cruise Line Holdings Ltd.’s acquired Prestige.
In addition, Mr. Galbut is Chairman of GFO Investments LLC, which is a private wealth management firm, focusing on real estate development and investments such as hospitality operations, private financings of real estate, and other capital market securities. GFO Investments has partnered with multiple South Florida residential projects including Brickell Heights with Related Group and Canopy Club with Terra Group.
Mr. Galbut also serves on numerous charitable boards including the board of trustees for the “Simon Wiesenthal Center” and the advisory board for the “Cornell University School of Hotel Administration.” He gave the founding gift for the Miami Beach JCC and has been a major supporter of numerous organizations in Miami Beach, highlighting the importance of giving back to society and standing as pillars in the community. Mr. Galbut graduated from Cornell University School of Hotel Administration, became a Florida licensed CPA (currently inactive) and received his J.D. degree from the University of Miami School of Law.