Last Updated on November 3, 2023, 5:24 am
Artem Tepler, 41, a Russian immigrant who made his first housing investment at 23, has died.
His death was confirmed by a GoFundMe page, established by his friend and colleague, Paul Schon, to help his family and raise funds for his daughter’s education. The page read,
“We have lost one of the most amazing humans,” Schon described Tepler as generous and giving and said, “We were all touched by him in many incredible ways.”
Who was Artem Tepler?
Artem Tepler was from Siberia. His father was a car salesman, and his grandfather was a member of the Russian military. He moved to USA from Russia at the age of 9 in 1991.
He studied finance at Rutgers Business School in New Jersey. He also built his own real estate investment firm to buy distressed residential properties in New Jersey and Florida during the same time. He earned his Master of Science in Real Estate Development from New York University in 2009.
He moved to L.A. for its weather and formed Schon Tepler in 2009 to buy, renovate, and sell properties that had become distressed during the financial crisis. He made his first investment at 23 with a $300,000 single-family home.
Schon, his friend and partner in business, had many great things to share about his late friends. He spoke to a local magazine and called Tepler “a great man.” According to Schon, Tepler used to get on the phone with ‘everyone,’ sharing models and information he’d read from books, and generally educated people on real estate. He was kind and giving. He loved to help others, especially in real estate. He shared personal stories to advise multifamily developers, brokers, and investors on the social networking site X (formerly known as Twitter)
He is survived by his daughter and fiancé.
What happened to Artem Tepler?
The details of his death have not been made public. According to reports, he committed suicide. The cause of this extreme measure is unknown. His tragic, untimely death has shocked the community and left his family and friends grappling with profound loss. Our thoughts and prayers are with the family and friends during this difficult time.
Suicide Prevention Helpline
If you or someone you know is in danger, please call 911. If you or someone you love is experiencing extreme emotional distress and suicide crisis, contact the Suicide and Crisis Lifeline by dialing or texting 988. It is a free crisis counseling service available 24/7 to provide professional help to process emotions healthily. You can also reach out to the National Alliance on Mental Illness by texting NAMI to 741-741.
Copyright 2023 Uptospeed Journalism. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.