masoud shojaee new wife

Bad Boys II, filmed in Miami, didnt sniff any Oscars and certainly wasnt revered by critics, earning just 23 percent on Rotten Tomatoes, but as many will attest its one of the more entertaining action movies of the early 2000s. Their former home, a Moroccan estate in Coral Estates, is on the market for $12.95 million. Similarly, the company has made worth billions of real estate deals. We get a reputation in South Florida for being flashy. Shojaee even got into the aviation business in 2003, buying and selling planes and helicopters. Masoud and Steph has been married for over three years now. Masood Shozai is a real estate developer, he is the current CEO of Shoma Group, a real estate company in Miami. Alone and isolated from his family, an 18-year-old Masoud was exiled from his home and unsure of what to do next. The three-story units will feature rooftop Jacuzzis and barbecues. For more on Stephanie and her ground-breaking approach to executive leadership and personal style, visit the Shoma Group presidents Instagram for the latest updates. Similarly, she is the female ambassador for Rolls-Royce in the United States. But Masoud Shojaee was once that kid. Shojaee earned most of his wealth from serving as the president and chairman of the board of Shoma Group. I also learned to use Google Ads and found graphic designers and animators to breathe new life into our email campaigns and other digital materials. (DW, it's free!). 11:40AM, I drove past some new luxury apartments being built in East Hialeah. So Mr. Lamas had a minority interest in a business venture controlled by his brother-in-law. The Passive Activity Loss Rules (Code Section 469) spawn quite a bit of tax litigation, with taxpayers generally losing. I still remember the Rolls Royce letter that read, Stephanie, much like a Phantom, you have a commanding presence and you never stay in one lane.. (Masoud and Maria) founded Shoma Group together, but they split up in 2015. As much as Shojaee relishes such leisure, he said he hopes to keep working for another 20 years. We want to make sure the trusts rights are protected, Suarez said. Deestroying Net Worth 2023: Early Life, Career, Personal Life & More Latest Update. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Shoma Group Sells Sanctuary at Doral 226-Unit Multifamily For $102.5 Million October 18, 2021 The Coral Gables-based Shoma Group, led by Masoud and Stephanie Shojaee, have sold their recently completed Sanctuary at Doral multifamily apartment building for $102.5 million to the Denver-based Avanti Group. I came up with better ideas and new ideas, to be more creative, to have a better design on the houses, to be a little bit innovative, to introduce new products.. (1#%(:3=<9387@H\N@DWE78PmQW_bghg>Mqypdx\egc > , % QRb12!A" ? Businesses shut down. Stephanie started in the companys sales division before becoming chief marketing officer and most recently president. As much as he likes fancy things, he doesnt define himself by it, said Jay Parker, CEO of the Florida brokerage at Douglas Elliman. Shoma Village is an eight-story "luxury" apartment complex under construction in East Hialeah. Two trusts benefitting Anelise and Lilibet Shojaee sued a company managed by the Coral Gables-based developer. He, a real estate mogul in his own right, came to the United States, his family now back in Iran. That partner was Masoud Shojaee's first wife, Maria Lamasthe daughter of Aljoma Lumber founder Jose Lamas. Shojaees aptitude for building is in his blood. Two trusts benefitting Anelise and Lilibet Shojaee sued a company managed by the Coral Gables-based developer thats tied to a recently completed Doral mixed-use project. Most recently, the firm partnered with the Related Group on CityPlace Doral, a mixed-use project. It really helped me a lot, he said. Masoud Shojaee and Maria Shojaee filed for divorce after 30 years of marriage. But neither party has given the reason for the split. How do you decide whats worthy of sharing with the public, and what you keep private? Her success certainly did not come easily; as the child of Colombian immigrants, Stephanie had to fight tooth and nail against the odds to make a name for herself in business, a tenacity and work ethic she continues to maintain to this day. Miami's independent source of She celebrates her birthday on September 24 each year. Masoud Shojaee resides in Coral Gables, Miami-Dade County, Florida. Oh to be fly on the wall next Thanksgiving. They helped to build a Shouma Hall at the University of Miami. He was on his own to continue his studies, earning a masters degree in electrical engineering and taking additional classes, aiming for a Ph.D. in the subject. Appreciating her gift, one of her Instagram fans wrote Im dying how are you now. Their former home, a Moroccan estate in Coral Estates, is on the market for $12.95 million. View all posts by Judit Miltz, Your email address will not be published. The actress started swirling into show business with her Youtube channel. The latest suit, filed last month in Miami-Dade Circuit Court, alleges Shoma and Shojaee have refused to allow the trustee for Anelise and Lilibet to inspect the books and financial records of Florida Wilshire, a company tied to Sanctuary at Doral. Miami might have an international reputation for thriving bars and late-night pool parties, but it's also packed full of family-friendly activities for kids of all ages. I am a firm believer in dressing well, and always dress to kill whether Im headed to the office or to the front row of a fashion show. Andrew Hall, Shojaees friend and managing partner at Hall, Lamb, Hall & Leto, who represents him in the Collection Residences and Collection suits, said litigation is par for the course. And yet it seems developers are trying to lure gullible Big Apple transplants to, of all places, Hialeah which boasts, Become a member to support the independent voice of South Florida Chateau Artisan, a Miami castle designed by architect Charles Sieger, housed the Dwyane Wade-Gabrielle Union wedding extravaganza back in 2014. Back around the turn of the millennium, Aljoma Lumber, under the leadership of his son Jose Antonio Lamas, was not exactly getting kudos as a model employer. The development is affiliated with four companies all managed by Shojaee and listed under Shoma Groups address, including Florida Wilshire. I love creating things. Masoud isnt one to give up easilyin business or in love. Shojaee denied the allegations in a motion to dismiss the complaint. A: Fashion and hard work are two things that I believe can and should coexist no matter what industry you are in. The 21 best things to do in Miami with kids. and help keep the future of New Times, Use of this website constitutes acceptance of our. Q: Youve never sacrificed your love for personal style when it comes to your professional and personal life. Later when his father retired, he sent more money, but Masoud left a tidy portion that he could invest. Working hard and playing hard, as clich as it sounds, its true. He started his company in the 1980s and worked up to make a real estate company known to everyone. She is working as the president of the Shouma Group. Q: As the wife of businessman Masoud Shojaee, you've had to navigate many decisions at Shoma Group with one another; how have you successfully turned your romantic relationship into a flourishing business one? She has close relationships with fashion houses, such as Dior and Hermes. In addition, in Coral Gables, Shoma has built custom homes and townhomes and recently renovated the companys new headquarters at 201 Sevilla Avenue, where Shojaee works with his two daughters, Anelise, 31, and Lilibet, 28. I have always been so impressed by the way Masoud made Shoma into one of the most trusted and respected developers in South Florida and formed a reputation as a market maker. ( Source : momentum2 ). Lilibert and Anelise both have Master's degrees in Miami real estate development business. Today, I continue to make a deliberate effort to mentor our women employees at Shoma and give them opportunities to grow within our company, especially young women who are just starting out in the industry and are looking to launch their careers. I am proud to say that half of the employees at Shoma today are women, and that the Shoma marketing team I built from scratch is an all-women staff. The pair were married in 1986, and Maria co-founded the Shoma Group with him. As a Christmas gift, the photo of which, Stephanie shared on her Instagram account and Masoud received a lot of praise from his fans for being a romantic gentleman. That complaint accused Shojaee of misappropriating funds from an entity that leases undeveloped land to rock miners. Masoud Shojaee's wife Shojaee is married to Stephanie Shojaee, formerly Stephanie Mejia. The couple did not elaborate on the reason behind their divorce. Its enjoyable. A: Being recognized by Rolls-Royce as an ambassador was a surreal and humbling experience. When Masoud was given the necessary capital to start the business by his father, he has grown it into a multi-billion dollar empire in just three decades. All that makes me kind of sad, because, having previously never heard of Mr. Lamas or the coup and only having the vaguest idea as to where Honduras is, I was really rooting for his son Jose Antonio Lamas (Mr. Lamas), who had served as CEO of Aljoma, as I read TC Memo 2015-59 Jose A. Lamas And Maria E. Lamas v Commissioner of Internal Revenue. A: I have tremendous respect and admiration for Masoud and the thriving powerhouse that he has built. Frank Lloyd Wrights Final Design, Auctioned Last Year for $1.7M, Now Asks $8M. That led to a second, 58-lot project, Kendall Best 3, also with Abreu. Parker of Douglas Elliman, which is now handling sales at Eleven on Lenox, calls Shojaee a visionary.. For example, between work posts, you can see me using lots of self-deprecating humor about how our dog Pebbles gets more attention from Masoud than I do. JFIF C In the early stages of the audit Mr. Shoajee had supported the view that Mr. Lamas had worked at Shoma on a regular and continuous basis at least 10 hours a week. As a result, Masood earned a masters degree and continued to take additional classes for a Ph.D., thereby furthering his studies. Ive also focused a lot on fine-tuning the Shoma brand. All trademarks and copyrights on this page are owned by their respective owners. Hall said that when it was Shojaees turn last fall, he flew eight people on his private plane on an excursion to Austin, Texas, for a lunch and dinner of brisket and ribs. Source: The Real Deal ------------------------- Get the latest industry news and information from CRE-sources delivered right to your email inbox! Shojaee was born in Tehran, Iran, where his father had a large construction company that worked on government projects and employed 400 engineers. Her parents, Steve, and Sally Griffin, raise Masoud Shojaee And Maria Shojaee Wedding Photos. I think what makes us a great professional team is that we have very different perspectives and backgrounds but the same aspirations for the company. endobj An Iranian native, Masoud immigrated to the United States in 1978 before founding Shoma Group a decade later. You cant expect other people to respect you if youre easily pressured into changing yourself to conform to what other people want. They have no kids. Shoma is also finishing developing the homes at Oasis at Park Square at CityPlace. Their marriage was strong with the passing years. From the fall issue: It may be hard to believe that the man who today oversees a vast empire of real estate development in South Florida, who relishes the riches of his success driving a Rolls-Royce Wraith and sporting the latest fashions from Bijan and Dior was once a frightened 18-year-old, completely alone in the U.S. as a freshman at the University of Miami, in exile from his home country, where a revolution was just beginning. Now, Miami, a thriving South Florida market, has transformed into an exciting city with a banking center and an industrial center, cruise lines and many great things to experience, Masoud said. Finally, Mr. Shojaee took a business opportunity away from Shoma when he chose to build a real estate project on Shoma land using one of his personally owned companies. The company has made more than 10,000 residential units. Closely related operationally and with identical ownership to Shoma there was also Greens at Doral LLC, a condominium conversion project. Shojaees ability to adapt to the changing conditions of the market is among the keys to his success. That reduces costs, provides more control, and allows the company to establish relationships with buyers, he said. Q: As the wife of businessman Masoud Shojaee, youve had to navigate many decisions at Shoma Group with one another; how have you successfully turned your romantic relationship into a flourishing business one? Masoud and Maria were a powerful couple who were not only bonded by marriage but by their billion-dollar company. This love contains abundant respect, loyalty and trust for each other. She has a growing fanbase on YouTube with 184K subscribers. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Shojaee is also planning to build 180 apartments and 50,000 square feet of retail space at 1515 San Remo Avenue, across from the Shops at Sunset Place. "Today, South Florida is a thriving market and Miami has transformed into an exciting city with a banking center, an industrial hub, Cruise Lines, and a multitude of great things to do and . He was born in Tehran, Iran, but moved to the United States for his college before settling in the country permanently. Report: 350+ Books Banned in Florida School Districts Since Last July, Uber, Lyft Drivers Strike at Florida Airports to Demand Livable Wages, All 200+ Books Banned in Florida and What Miami Booksellers Have to Say About It, Miami Dolphins Fan Guide to the 2023 NFL Draft, Shareholders Reeling in Wake of Miami SPAC-Merger Deals, Carollo Abuse-of-Power Trial Moves Forward in Wake of Jury-Tampering Claim. The Shouma hall has been helpful for the students of the University. Masoud and Maria have been together in every up and down, whether personal or business. The Daily Business Review, in its coverage of the case, focused on the family drama. So he thinks his daughters have those thinking and understand the value of advice. Mr. Shojaee, while acting as president of Shoma and Greens, had used Shoma's assets for personal gain and usurped Shoma's business opportunities for another business he controlled. Masoud Shojaees goal from the very beginning of Shomas creation was to create value in every development and his approach has paid off. According to McKinsey & Companys annual Women in the Workplace survey, women still remain drastically underrepresented in the corporate ladder despite statistical evidence proving that women drive better outcomes and results for their employees than men. Nimesh married Amy on 2 May 2020. We saw more of a trend that [buyers] are willing to pay more money and want a different product, so we changed to that, he said. Its a choice that our local elected officials make each time they fail to hold developers and corporations accountable, fail to allow communities to be part of the vision for their own neighborhoods, and fail to choose people over profit. The Iranian immigrant who arrived in the United States with some seed money from his father and a dream to make his family proud, graduated from the University of Miami and made his mark on Florida real estate. Masoud Shojaee is an entrepreneur whose first wife is Maria Shojaee. As Miami rents skyrocket, billionaire developer Masoud Shojaee's Shoma Group is building a luxury apartment complex in the working-class municipality of Hialeah. This is even more so the case in male-dominated industries such as real estate. Masoud and Steph love each other so much. That partner was Masoud Shojaees first wife, Maria Lamasthe daughter of Aljoma Lumber founder Jose Lamas. Brennan Lee Mulligan wife Isabella Roland is an actress. Shattering glass ceilings since she entered Shoma Group as Chief Marketing Officer (CMO) in 2013, Stephanie Shojaees newly-announced promotion to president of the multi-billion-dollar Miami development company adds some much-needed representation for women and the Latin community in top-level executive leadership positions, particularly when considering only 4 percent of U.S. C-Suite positions are occupied by women of color as of 2021. Steph is the Chief Marketing Officer (CMO) of their , Shoma Group, while Masoud is the Chief Executive Officer. For me, my love of fashion is merely an extension of my personality and what makes me the woman that I am. Work Experience Director, Marketing & Sales Shoma Group 2016-2018 View Stephanie Mejia's full profile Recent News About Stephanie Mejia Web References Scoops Intent SHOMA GROUP Events - azureazure.com Read more news Your GRAZIA newsletter is on its way. One of those persons is Stephanie Shojaee, wife of real estate guru, builder and businessman, Masoud Shojaee. Those who know Shojaee also call him a generous friend. But, after 30 years of marriage, Maria filed for divorce from Masoud, leading to a messy legal battle. Lamas, formerly Maria Shojaee, is the ex-wife of Masoud Shojaee, president and chairman of Shoma Group. With a Masters Degree and a Ph.D. under his belt and a lifetime of knowledge passed down from his developer father, Shojaee had a plan. The two of them met at the company where Stephanie worked for the past 11 years. On a larger scale, I have also tried to increase the visibility of women in leadership positions in real estate through my social media channels. In 2019, 4 years after his divorce was finalized, he tied the knot for a second time. Jakipz Andrich Net Worth 2023: How Rich Is Jakipz Andrich? Later Mr. Shoajee would tell the IRS that as a family business, there was no record kept of hours worked by officers and directors. I have found that nothing makes more of an impact to overcome peoples doubts about you than hard work and persistence. The couple married in 2019, a year after Masoud finalized his divorce from Shoma Group co-founder and his former. They are both children of Masouds Ex-wife, Maria Lamas. Shojaee purchased 237 lots on Northwest 6th Street and 132nd Avenue for nearly $9 million, and developed homes on the property. Masoud and Maria were a powerful couple who were not only bonded by marriage but by their billion-dollar company. TC Memo 2015-59 Jose A. Lamas And Maria E. Lamas v Commissioner of Internal Revenue. He recently sold two Challengers and currently owns a Challenger 604 for his corporate use. Masoud Shojaee is facing another legal entanglement involving his daughters. I think this partnership uniquely positions us to be able to stay on the cutting edge as a market maker for years to come. The lawsuit follows a separate complaint led earlier this year by another trust benetting his . What is Masoud Shojaees net worth? A food and wine aficionado, hes amassed a 2,500-bottle wine cellar, which includes about 20 bottles of Petrus Bordeaux. When Masoud Shojaee moved to the United States, he began carrying a nest egg for his livelihood. I am generally conservative, but I am a risk taker with a very calculated risk, he said. Apart from real estate, Masoud Shojaee worked in the aviation industry. I also assist clients in developing wish lists of features they want in their homes, guide clients through the process of staging and preparing their homes. Because until his success in the United States a few years later, he did not attract much public interest. If Stephanie is not catching Masoud in an unaware video of him in his office working, then she is gushing about how much she loves him to her followers on Instagram. people who read Tax Court decision dont need to watch soap operas. Before marrying Stephanie, he was married to Maria Llamas. Dr Jessica was born on 13 August 1977 while Jon was born on 15 September 1990. Also included is a tennis court pavilion hidden behind manicured hedges and a billiard room with a bar. As a result of its reputation for building environment and quality homes, people want to buy Shomas advanced projects whenever they get them. The couple was living their dream life together until 2015 when Maria filed for divorce from Masoud. Masouds father owned a successful construction company with more than 400 employees. Content created and supplied by: Georgiapens (via Opera Amid strikes and brewing unrest, Shojaee left home in August 1978 to study electrical engineering at the University of Miami. Instead of making this contribution from his personal funds, Mr. Shojaee caused Shoma to donate $1.5 million on his behalf. Hephner is best known for his roleplay of Jeff Clarke on the NBC TV series 'Chicago Fire' and its franchise 'Chicago Med.' How does it feel to accomplish this feat, and what does it mean to you to be the first woman of Latina origin to earn the spot? Luis Suarez, an attorney representing the trusts, said his clients are entitled to see those records under Florida Wilshires operating agreement. I try to use my position to create opportunities and lead the way for other women. As a woman in a historically men-dominated industry, I have had to prove myself and stand up for my ideas, dating back to when I started out selling real estate. The timing was lucky for him, the market was just ripe, the US was going through a savings and loan crisis, making it a great time to acquire property. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Only a long time follower can relate. You receive a lot of money when you are 18 years old, that is a recipe for disaster: You are not competent to do much .He took off and was terrifically successful. Masoud Shojaee is part owner of Shoma Group. But what do we know about the enigmatic and private real estate mogul with a penchant for luxury and an impressive amount of business savvy? To learn more or opt-out, read our Cookie Policy. Abreu had partnered with the Somoza family of Nicaragua to develop hundreds of lots at Sunset Harbour, at Sunset Drive and 127th Avenue, and was ready to cash out. Opinions expressed by Forbes Contributors are their own. Not much information is available about the marriage of Masoud and Stephanie Mejia. On top of those, theres the developers lengthy divorce that began when his wife, Maria Shojaee, filed in April 2015 after 29 years of marriage. In August of 1978, Shojaees father gave him some seed money and sent him to the United States to pursue a university education. Image Credit - Instagram Masoud surprised his wife with a customized private jet in the color, white and red, for Christmas. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright2023 Nnet Worth / All Rights Reserved. The couple met at the company where Stephanie had worked for the past 11 years. Shojaees strategy was to focus on the Hispanic market, advertising the homes on Spanish radio by broadcasting a live breakfast show from the sales office. Stephanie Masouds second wife. Brooklyn MuseumAdjacent Apartment With Two Large Bedrooms Asks $875K, Two-Bedroom Penthouse on West End Avenue With 3,000 Square Feet of Terrace Asks $2.8M, One-Bedroom in Clinton Hill Former Shoe Factory (Across the Street from Pratt) Wants $795K. Masoud Shojaee (born 3 August 1959 Tehran, Iran) is an American philanthropist, entrepreneur, CEO and Chairman of the Board of Shoma Group which is a real estate development company based in Miami specializing in residential and commercial projects. The deal was that Shojaee would put up all the equity, and bank financing would provide the rest of the funds. This Delray Beach estate listed for $20M includes a Chanel boutique-inspired closet, Not to mention the hidden cigar room, or massive pool, 10 of Miamis most iconic buildings, mapped. Mr. Shojaee applies his vision and extensive knowledge of building high-quality developments in the diverse and growing South Florida real estate market. Most recently, the firm partnered with the Related Group. In late October, Suarez sent a demand letter to Silva seeking access to Florida Wilshires tax returns for the last three years, copies of financial statements for the same time period, the amount of cash on hand and the value of the property. <> stream It is unusual that we would be unable to see what is otherwise basic information.. That was one of the most successful projects I did, he said. Shojaees personal style may also translate into adding a scarf, or eschewing the custom of choosing a belt and shoes of the same color, and instead matching the jacket color with the belt, and opting for a different color in shoes. Shojaee bought the 7-acre tract at 9400 Northwest 41st Street for about $8.5 million in 2014 and borrowed $70 million to build the project in 2019, according to the lawsuit. Appreciating her gift, one of her Instagram fans wrote "I'm dying how are you now". By Shomas general counsel Frank Silva and a company spokesperson did not respond to requests for comment. His company Shoma is a Miami-based real estate development company. She shared that she wanted to give back to the university as it positively impacted her and her family's lives. One thing about Masoud is, he sure knows how to spoil his wife rotten, and Stephanie loves and appreciates him so much. Jeff Hephner has a family of 5 with three children. She is an executive in the real estate industry and is currently the president of Shoma Group. I think self-respect is the first step in getting respect from others. Real estate agent based in Miami, Masoud Shojaee, has wowed women after gifting his wife Steph a private jet In a video that has gone viral, the billionaire opens the door for blindfolded Steph, walks onto a red mat which is written her name, before removing the scarf covering her eyes Masoud Shojaee with his daughter Lilibet Shojaee. Shoma Development changed their strategy in 2007 with the changing market trends. <> However, Masoud probably spent his childhood in Iran, where he also acquired primary and secondary education. Masoud is popularly known as the CEO of the Chairman of the Board of Shoma Group. This project was successful and completely sold, leading to a second 58 lot development project. Therefore, Masoud Shojaee has an estimated net worth of $100 million. I love to be in my office. She is helping Masoud to expand the Shouma Empire. The real estate mogul was previously married to Masoud, Maria Lamas. <> I am a very hands-on person, and I like to overview and supervise every aspect of the business.. Yes Shojaees two daughters, Anneliese Shojaee and Lilibet Shojaee, both work with their father in real estate companies. Mr. Shojaee. Parker Tax Publishinghas a good summary of the case. I love to work, he said. He shows up as one of the backers of the 2009 coupthat ousted President Maneul Zelaya. Megan Phelps husband is a Norwegian lawyer Jeff Hephner wife Heather Sylvia Adams is a Certified Pilates Instructor. https://therealdeal.com/miami/issues_articles/the-making-of-masoud-shojaees-empire/#new_tab, Miami condo sales surged in March. A: I have been very fortunate over the years to develop great relationships with amazing visionary leaders in the fashion industry. Masoud Shojaee is the CEO and Chairman of the Board of Shoma Group, an award-winning real estate development company based in Miami specializing in residential and commercial projects. Hed brought capital with him from Iran, and his family had sent more money to invest in the United States an amount Shojaee will only peg as millions of dollars. By making his wife CMO, it shows how much trust and faith he has in her. The attorney is specialized in Family Law, Criminal, and General Practice. From the early days of the Shoma group, Shojaee showed a keen insight into developments in the Hialeah and Doral areas. The Iranian Revolution began in 1978, prompting Masoud to leave his home country for college in the United States. 6 0 obj document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); I am Judit Miltz a Realtor. All rights reserved. The couples have two daughters with together, and their names are Lilibet Shojaee and Anelise Shojaee. While other friends of his with similar nest eggs wasted the money or partied it away, Shojaee used the funds to launch his career. I also stress that its always important to stay true to yourself and not let anyone change you. He started his career with a focus on single-family homes because they offer more flexibility: If the market takes a turn, you can switch plans. The stylish executive shares her husbands taste for luxuryin 2020, she was one of the only female brand ambassadors for Rolls-Royce in the US. Over the next three decades, Masoud and Maria welcomed two daughtersAnelise and Lilibetand built the company into one of the biggest development firms in the state. Then in 2010 a follow-up letter was sent to the IRS that Mr. Lamas had not done much at all for Shoma or Greens. But, his friends convinced him to enroll in the University of Miami, from where, he earned a degree in electrical engineering. His father retired and Shojaees life took a turn. The typical 469 case usually involves an amateur landlord with a day job. When he renovated an office building in the Waterford office park, he used a helipad to board one of his two helicopters, in which he flies over and observes his projects across South Florida every day. It was all possible due to their $1.5 million gift from them to the University.

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