J. W. Mays, Inc. operates a portfolio of commercial real estate properties. The company is headquartered at Nine Bond Street, Brooklyn, New York 11201. It was founded in 1924 and has been active in the real estate sector for nearly a century. J. W. Mays, Inc. employs 28 full time workers and maintains a union contract that covers approximately 21% of its staff. The union agreement governs rates of pay, hours of employment and other conditions of employment for the covered…
J. W. Mays, Inc. operates a portfolio of commercial real estate properties. The company is headquartered at Nine Bond Street, Brooklyn, New York 11201. It was founded in 1924 and has been active in the real estate sector for nearly a century. J. W. Mays, Inc. employs 28 full time workers and maintains a union contract that covers approximately 21% of its staff. The union agreement governs rates of pay, hours of employment and other conditions of employment for the covered employees and is set to expire on November 30, 2025. The firm describes its labor relations as good. Leadership consists of Chairman and Chief Executive Officer Lloyd J. Shulman, who has served in those roles since 1996. Ward N. Lyke Jr. serves as Vice President and Chief Financial Officer, having been appointed in January 2024. George Silva holds the position of Vice President of Operations, a role he has held since 1995. All executive officers are appointed by the board of directors and have been with the company for at least the past five years. The company makes its SEC filings available on its website at https://www.jwmays.com.
The company generates revenue primarily from leasing its commercial real estate holdings to tenants. Rental income from these properties constitutes the core of its earnings. In addition to base rent, J. W. Mays, Inc. may receive payments for operating expense recoveries and other tenant reimbursements. The firm’s income is directly influenced by the occupancy levels and rental rates achieved across its property portfolio.
J. W. Mays, Inc. benefits from a long operating history and an established presence in the New York City metropolitan area. The firm’s decades of experience provide it with insight into local market conditions and tenant preferences. The company maintains a union contract covering a portion of its workforce and describes its labor relations as good. The union agreement, which governs wages, hours and working conditions, is set to expire on November 30, 2025. These factors contribute to a stable operating environment that supports the company’s real estate activities. J. W. Mays, Inc. competes with other owners and managers of commercial real estate in the New York region. Its competitive advantages include a deep rooted local presence, an experienced management team, and a track record of long term operation. Executive officers serve under three year employment agreements that are renewed every three years.
The company serves commercial tenants who occupy its properties. These tenants include businesses that lease space for office, retail, or other commercial purposes.