Early Life
Bernard Francis Saul II was born in 1931 or 1932 (age 93), into a family with a strong entrepreneurial background. He is the grandson of Bernard Francis Saul, the founder of the B.F. Saul Company, a mortgage bank and developer established in 1892 in Washington, D.C. Saul attended Villanova University and the University of Virginia School of Law, which provided him with a strong foundation for his future career in business and real estate.
Rise to Success
Saul's career is characterized by his leadership and strategic vision in the real estate and banking sectors. He became the Chairman and CEO of Saul Centers in June 1993, a position he still holds. Under his guidance, Saul Centers has grown into a major real estate investment trust (REIT), managing a significant portfolio of commercial properties, including shopping centers, office buildings, and hotels. A pivotal moment in his career was the founding of Chevy Chase Bank in 1969, which he later sold to Capital One in 2009.
Key Business Strategies
Saul's business acumen is evident in his strategic decisions and ability to adapt to market changes. His key strategies have included:
- Property Acquisition and Management: Building a diverse portfolio of high-value properties in prime locations, focusing on long-term growth.
- Adaptability: Anticipating and responding to cyclical changes in the real estate market.
- Financial Acumen: Making strategic investments and divestitures, such as the sale of Chevy Chase Bank.
Philanthropy
Bernard Saul II is known for his philanthropic endeavors, particularly his strong support for Roman Catholic causes. He received the Pro Ecclesia et Pontifice medal from the Pope in 1991, recognizing his dedication to charitable work and his faith.
