Real estate While a student at Wharton and after graduating in 1968, Trump worked at his father Fred's real estate company, Trump Management, which owned middle-class rental housing in New York City's outer boroughs. In 1971, he became president of the company and began using The Trump Organization as an umbrella brand. The business had previously used the names Fred C. Trump Organization, Fred Trump Organization, and Trump Organization, but had not had a single formal name. It was registered as a corporation in 1981. Manhattan developments Trump attracted public attention in 1978 with the launch of his family's first Manhattan venture, the renovation of the derelict Commodore Hotel, adjacent to Grand Central Terminal. The financing was facilitated by a $400 million city property tax abatement arranged by Fred Trump, who also joined Hyatt in guaranteeing $70 million in bank construction financing. The hotel reopened in 1980 as the Grand Hyatt Hotel, and that same year, Trum...
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