About Us
In 1972, Geltmore’s CEO, Paul Silverman, became the sixth man to be hired in the Coldwell Banker Commercial Brokerage Company in Dallas, Texas. After three years of good success in retail leasing and land brokerage, Paul and his brother Harry, formed Geltmore Oil Co. in 1975 to acquire an existing business on the Intercoastal Waterway in Surfside, Texas.
What was originally a tugboat filling station became a Texaco Marine distributorship that expanded into an oil field service business providing petroleum products to not only the marine business, but also the offshore and onshore oil exploration business. It was here that Paul started his career in economic development.
Now, Paul has grown Geltmore into a successful and community-driven company in partnership with his two sons, Adam and David Silverman. Located in Albuquerque, New Mexico, Geltmore has invested over $600 million in New Mexico’s economy.
Mission
Geltmore’s mission is to support the growth of New Mexico through holistic solutions for long-term economic development, strategic planning, and local business investment.
Vision
Geltmore’s vision is to be a catalyst for lasting transformation in New Mexico. As longtime investors and business developers, we know that we are only as good as our community.
Our Team
The Geltmore team takes great pride in cultivating a culture that encourages innovative and creative thinking. We invest in people who are experienced, love New Mexico and are talented at what they do.
While the Geltmore Team is small, we have invested in a tremendous talent pool through strategic partnerships with local and national architects, engineers, financing consultants, brokerage firms, and technology companies. These relationships allow the Geltmore Team to undertake projects on any scale.
Paul Silverman
CEO & Manager
A veteran of four decades in the business, Paul lives and breathes real estate – it is truly his passion. Paul has never approached one day in the business as a job. His experience in business development far exceeds the experience of many developers in New Mexico.
Never one to be constrained by boundaries, Paul has been involved in development throughout the Southwest for decades. Actively involved in real estate development in Asia from 2002 to 2010, Paul had a very successful self-storage business in Singapore and two years of exposure to real estate development in China. His legacy of development projects includes every type of real estate activity as well as ownership in several different operating companies with a focus in real estate.
Additionally, in an effort to help kick start the private sector, Paul is an active investor in a portfolio of startup opportunities in New Mexico. When not working on the day-to-day development operations, Paul devotes a large amount of time serving in various leadership roles for national and local organizations that benefit both the real estate industry and the community. Paul is proud to be followed in the business by his two sons who will take the company to even larger successes in the next four decades.
Adam Silverman
Vice President & Principal
Adam is a commercial real estate professional with extensive experience in corporate real estate, including industrial, office, retail, and portfolio management. Adam’s career in commercial real estate has been defined by his business acumen, loyalty, and commitment to the craft. During his tenure as a broker in California, Adam personally completed over 390 sale and lease transactions, totaling approximately 3,000,000 square feet. The total transaction value of these efforts is just over $105 million. Adam was personally responsible for over 45% of the transactions associated with the firm during his tenure.
Since returning to Albuquerque, Adam has been an integral part in the growth of Albuquerque’s hospitality industry. He was a crucial piece in launching Electric Playhouse, M’Tucci’s 25 and Bar Roma, and several new spots located in downtown Albuquerque.
David Silverman
Qualifying Broker & Principal
David leads Geltmore in its retail development and Albuquerque’s downtown revitalization. He is responsible for marketing space within the existing Geltmore retail portfolio, and facilitating lease transactions. David is also charged with structuring joint venture partnerships, arranging financing, and coordinating development and redevelopment activities.
Prior to joining Geltmore in 2012, David was at Flocke & Avoyer Commercial Real Estate in San Diego, California. While at Flocke and Avoyer, he was the exclusive leasing agent for retail centers throughout San Diego and Riverside Counties, owned by both institutional and private clients. He was also active in retail tenant representation as well as NAIOP Developing Leaders and Big Brothers Big Sisters of San Diego County.
Born and raised in New Mexico, David holds a Bachelor’s Degree in Business Administration with an emphasis in marketing from the University of Colorado at Boulder. David is a licensed New Mexico Real Estate Broker and holds a Certified Leasing Specialist (CLS) designation from the International Council of Shopping Centers. He takes great pride in being a steward of his community and has served on the Board of NAIOP NM, Albuquerque Community Foundation Future Fund, Downtown ABQ MainStreet Initiative, one of the Founders of SOMOS ABQ.
Our History
In 1972, Geltmore’s CEO, Paul Silverman, became the sixth man to be hired in the Coldwell Banker Commercial Brokerage Company in Dallas, Texas. After three years of good success in retail leasing and land brokerage, Paul and his brother Harry, formed Geltmore Oil Co. in 1975 to acquire an existing business on the Intercoastal Waterway in Surfside, Texas.
What was originally a tugboat filling station became a Texaco Marine distributorship that expanded into an oil field service and Real Estate Development business providing petroleum products to not only the marine business, but also the offshore and onshore oil exploration business including a build to suit for BJ Hughes & Air Logistics. It was here that Paul started his career in economic development.