CPD is saddened to share the news that our founder, Mike Folio, has passed away. Mike, a talented, innovative and driven real estate veteran, was admired and respected by colleagues and competitors alike.
Mike’s impressive career began as the Director of Real Estate at Grand Union Supermarkets New York region. He later held positions as Assistant Vice President for First Capital Financial Corporation, Partner and Vice President of Real Estate Development at Lewis Property Investors, and Vice President and Senior Vice President of Real Estate at The Home Depot. During his 13-year tenure at The Home Depot, Mike was instrumental in the development of over 1,600 new stores. Subsequently, Mike founded CPD, one of the first companies in the industry to focus on the disposition of real estate assets and led the business until his retirement.
During the past several years, Mike battled Alzheimer’s disease. Together, he and his wife, Cheryl brought greater visibility to how to live the best possible life after receiving this terrible diagnosis. Michael and Cheryl published a book titled “The 24-Hour Rule” that highlighted the methods they used to allow them to live a meaningful life together while continuing to adjust to his “new normal”. They were greatly helped by their two emotional support animals, Oliver and Baxter, and strengthened by the love of their family. Mike leaves behind his devoted wife Cheryl, three daughters, Laura, Brielle and Tara, and his stepchildren Jared and Samantha Levin.
Mike and Cheryl were committed to finding a cure for Alzheimer’s disease and participated in numerous fundraisers and races. In memory of Mike, CPD is actively supporting the Alzheimer’s Foundation, a nonprofit organization devoted to researching this disease and supporting the families affected. You can find information about the foundation and the disease at: http://act.alz.org/goto/LevinFolio