Throughout his 50 years in business, Morris Bailey has made his mark as an entrepreneur, building a portfolio of balanced and diversified investments, most notably in the real estate, lending, gaming, energy, and telecommunications sectors. Through his commanding leadership and strategic vision, he has compiled an impressive track record of successful business ventures in the United States and Canada.
He is the founder of JEMB Realty and Helm Equities headquartered in New York City, and of Canadian affiliate, BUSAC Real Estate, based in Montreal; three prominent real estate development, investment and management organizations. Morris Bailey along with partner, Joseph L. Jerome, have emerged as major players in both the American and Canadian commercial real estate sectors. Together they have earned solid reputations as “hands-on” business people who understand value enhancement through the development and repositioning of real estate assets.
Over the past 10 years, Morris Bailey has been a leader in his turnaround of Atlantic City, repositioning the famous Resorts Casino Hotel, as well as the first to embrace online gaming and sports betting in the United States, strategically partnering with two of the largest digital gaming companies in the world. In 2015, he founded Resorts Digital Gaming, a leading online gaming company. His efforts in New Jersey helped set the framework for expansion of online sports and gaming throughout the United States.
Morris Bailey also expanded in the lending sector in 2009, co-founding Basis Investment Group, a commercial real estate (CRE) investment manager, primarily focused on debt and structured equity strategies. Basis originates and acquires diversified CRE debt investments across the capital stack of stabilized, transitional, and development assets throughout the United States. The company’s flexible approach to structuring provides borrowers and investment partners with a one-stop shop for financing along with customized solutions for investment needs.
Visionary leader, in the early 2000s Morris Bailey recognized an opportunity and expanded into the energy sector, through Astoria Energy. He led the consortium that put up the development capital for the Astoria Energy generating facilities in 2003 and remained one of its guiding board members for almost two decades, especially through the extremely complex sale process of the companies in 2020. Morris Bailey is extremely pleased to have been part of Astoria Energy projects providing many years of reliable electricity to New York City, its corporate hometown.
Morris Bailey is also involved in the telecommunications sector through his investment in Xentris Wireless.
He continues to proudly build successful partnerships with many notable financial institutions and associates while seeking out new and innovative business models and investment opportunities across North America. A pillar of the community, he is also actively involved in local organizations and countless charities.