ARCTRUST Management Team
ROBERT J. AMBROSI – CHAIRMAN
Robert Ambrosi born in 1950, is Chairman and founder of the ARCTRUST Group of Companies and has over 40 years of real estate experience He began his career as a mortgage analyst at the Mutual Life Insurance Company of New York and then a Vice President with Marcil Properties, a Canadian real estate investment banking firm I n 1979, he co founded The Pivko Group, Inc. an international real estate company with activities in the United States, Europe, and the Middle East. Mr. Ambrosi has been a frequent guest lecturer on international business at several universities including the Graduate Schools at Duke University, Columbia University and Rutgers University. Mr. Ambrosi has a Master’s degree in Finance from Rutgers Universit y, a Senior Certificate in Real Estate from New York University and a Bachelor’s degree in Engineering from the New Jersey Institute of Technology.
James M. Steuterman- President
James Steuterman born in 1956, is President of the ARCTRUST Group of Companies and has over 40 years of real estate experience. Prior to joining the ARCTRUST Group of Companies, Mr. Steuterman was Senior Vice President of Toll Brothers, Inc., a Fortune 500 Company, where he was responsible for the acquisition, development, and management of real estate projects nationwide. Prior to that he was Chief Operating Officer as well as an Investment Committee and Board member of New Plan Excel Realty Trust, a $3 billion NYSE listed REIT. Mr. Steuterman is a member of the National Association of Real Estate Investment Trusts ( the Internat ional Council of Shopping Centers, and is a designated Certified Shopping Center Manager. Mr. Steuterman holds a Bachelor of Science degree in Business Administration from the University of Missouri St. Louis.
Gary S. Baumann, Esq. – Chief Executive Officer
Gary S. Baumann, Esq. born in 1968, is Chief Executive Officer of the ARCTRUST Group of Companies Mr. Baumann is an attorney admitted to practice law in New York and New Jersey and has practiced law at the nationally recognized firm of Lowenstein Sandler, LLP and the international construction law firm of Peckar and Abramson, P.C. Mr. Baumann has served the real estate development, finance and investment sectors for over 20 years through fund creation, strategic capital planning, transaction structuring, and capital raising. Mr. Baumann earned his Juris Doctor d egree from Ru tgers University School of Law Newark and holds a Bachelor’s degree in Finance from Kean University, Magna Cum Laude.
Marc Perel – President ARCTRUST DEVELOPMENT
Marc Perel born in 1953, is President of Development, Executive Vice President and co founder of the ARCT RUST Group of Companies and has over 30 years of real estate experience. Mr. Perel began his career at Zimmerman Co., a certified public accounting firm where he became a partner and head of the firm’s real estate department. Mr. Perel has been involve d in all aspects of the real estate development and acquisitions business including specific responsibilities for the environmental remediation of properties for which, on behalf of the ARCTRUST Group of Companies, he received the prestigious National Phoe nix Award given by the Environmental Protection Agency. Mr. Perel has a Bachelor’s degree in Accounting from Long Island University and was a Certified Public Accountant.
Joseph Morena – Executive Vice President
Joseph Morena, born in 1953, is Executive Vice President of the ARCTRUST Group of Companies, and has been with the group since 1997. Prior to joining the ARCTRUST Group of Companies, Mr. Morena was Chief Financial Officer of Tel-Save Holdings, Inc., a publicly traded telecommunication company. Prior to Tel-Save, Mr. Morena was employed at Air & Water Technologies, Inc., and International Nickel, Inc., where he managed various corporate finance functions. Mr. Morena has a Master’s degree in Banking and Finance and a Bachelor’s degree in Finance from New York University.
Jason Kessler – Chief Investment Officer
Jason Kessler, born in 1980, is the Chief Investment Officer of the ARCTRUST Group of Companies where he is responsible for leading the Investment Committee and managing and implementing the Joint Venture Development Program. Prior to joining the ARCTRUST Group of Companies, Mr. Kessler was the Vice President of Acquisitions and Development for FC Development Group, a commercial real estate development company focused on ground up, redevelopment and brownfield opportunities in the Mid-Atlantic region where he was responsible for identifying and underwriting development opportunities, working with lenders and financing alternatives, and leading the firm’s diversification into consulting activities. Prior to joining the Real Estate sector, Mr. Kessler worked on Wall Street for Bear Stearns and Lehman Brothers. Mr. Kessler attended the Leonard N. Stern School of Business at New York University and received a Bachelor of Science in Finance and Accounting, graduating Magna Cum Laude.
Michael R. Ambrosi – Chief Operating Officer
Michael Ambrosi, born in 1981, is Chief Operating Officer of the ARCTRUST Group of Companies, where he is primarily responsible for overseeing the day-to-day operations of the company, financial and portfolio analysis, marketing, and he is a member of the investment committee. Since joining the firm in 2004, Mr. Ambrosi has been active in the development, acquisition and disposition of real estate assets, retail leasing, and as the administrator of information and business technology for the company. Mr. Ambrosi is enrolled in the Masters of Professional Studies in Real Estate program at Georgetown University, holds a Bachelor’s degree in Communications and Business Administration from Villanova University, and is a Vistage Key Executive Group member.
Steven L. Maloy – Executive Vice President, Acquisitions
Steven L. Maloy, born in 1957, is Executive Vice President and Director of Acquisitions at ARCTRUST Properties, Inc. where he concentrates his efforts on the acquisition and sale of Net Leased Retail Properties. Over the past 20 years, Mr. Maloy has been involved in the financing, sale, and acquisition of over $3 Billion of Net Lease Property transactions, including over 200 Net Lease Property transactions with ARC valued in excess of $1 Billion. Mr. Maloy was a founding partner and Executive Vice President in charge of originations and new business development at CapLease, a publicly traded Net Lease Property Real Estate Investment Trust recently acquired by VEREIT. Prior to founding CapLease, Mr. Maloy was a general partner at Liberty Equities in charge of new property acquisitions, acquiring apartment and office properties nationwide. Mr. Maloy started his Real Estate career in 1981 with Cushman and Wakefield in NYC. Mr. Maloy has a Bachelor’s degree in Business from the University of Hartford.
Robert J. Martone – Executive Vice President, Acquisitions
Robert J. Martone, born in 1969, is Executive Vice President of Acquisitions at ARCTRUST Properties, Inc. where he concentrates his efforts on the acquisition of Net Lease Properties. Prior to joining ARCTRUST Properties, Mr. Martone served as Senior Director of Finance at CVS Caremark Corporation for 14 years. During his tenure at CVS Caremark Corporation Mr. Martone lead the team that oversaw the Company’s Sale Leaseback Program, which executed $7.2 billion of transactions representing 2,100 stores and 8 distribution centers in the private and public debt markets. Other key responsibilities included managing the overall store development process for the Connecticut market as well as overseeing the $1.5 Billion capital budget for CVS Realty Co. Mr. Martone also has held various finance positions at GTECH Corporation, American Medical Response, Inc. and Nortek, Inc. Mr. Martone holds a Bachelor’s of Science degree in Accounting from St. Michael’s College and a Master’s degree in Business Administration from Providence College.
Mitchell W. Salmon – Executive Vice President, Acquisitions
Mitchell W. Salmon, born in 1961, is Executive Vice President of Acquisitions at ARCTRUST Properties, Inc., where he concentrates his efforts on ARC’s equity deployment programs, as well as acquisitions and sales of retail and residential assets. Prior to joining ARCTRUST Properties, Mr. Salmon was the Managing Director of Retail Assets at Garrison Investment Group for 7 years, growing that private equity firm’s retail platform from 3 million to over 9 million square feet. Mr. Salmon executed over 700 leases and in excess of $1.3 Billion dollars in sales transactions, while supervising a national team of over 100 associates. Prior to Garrison Investment Group, Mr. Salmon was Sr. VP of Real Estate at Mall Properties and Real Estate Director at Roberts Equities. Mr. Salmon has Bachelor’s of Science Degrees in Economics and Public Policy and Management from Carnegie-Mellon University.
Greg Levine – Executive Vice President, Acquisitions
Greg Levine, born in 1967, is Executive Vice President of Acquisitions at ARCTRUST Properties, Inc where he concentrates his efforts on ARC’s equity deployment programs as well as acquisitions and sales of retail and residential properties. Prior to joining ARCTRUST, Mr. Levine founded Synergy Realty Advisors, a Real Estate Investment and Advisory firm, focusing on redeveloping shopping centers and representing landlord and tenants. Prior to Synergy Realty Advisors, Mr. Levine served as the SVP, Director of Redevelopment at Brixmor Property ( NYSE: BRX) . During his 15 Years at Brixmor, Mr. Levine oversaw the redevelopment of over 250 properties and leased over 3.5 million square feet to a broad range of national retailers. Mr. Levine was an integral part of the leadership team that brought the company public in 2013. Prior to Brixmor, Mr. Levine was the VP of Leasing at Mall Properties. Mr. Levine has a Bachelor of Business Administration, Finance from George Washington University and Master of Science, Real Estate Development & Investment from New York University.
Silvia P. Fernandes, Esq. – General Counsel
Silvia P. Fernandes, Esq., born in 1984, is General Counsel of the ARCTRUST Group of Companies. Ms. Fernandes is an attorney admitted to practice law in New Jersey, Pennsylvania, New York, the U.S. District Court of New Jersey, and the U.S. Supreme Court. Ms. Fernandes was an attorney with Lindabury, McCormick, Estabrook & Cooper, P.C. prior to joining the ARCTRUST Group of Companies, and has extensive experience in a wide range of corporate and real estate matters including securities transactions, corporate governance, compliance/administration, commercial real estate, and financing. She is a Board Member of the New Jersey Women Lawyers Association, Co-Chair of their Women’s Leadership Committee, and its incoming Chief Diversity Officer for the 2022-2023 fiscal year. Ms. Fernandes earned her Juris Doctor degree from Seton Hall University School of Law, a Bachelor of Arts degree from Ramapo College of New Jersey, Summa Cum Laude, and is a candidate for her Masters of Laws (LLM) in Taxation from New York University.
Lisa G. Gunnels – Vice President of Investor Relations
Lisa Gunnels is Vice President of Investor Relations for the ARCTRUST Group of Companies, where she focuses on Broker Dealer and Shareholder relations. Mrs. Gunnels works closely with the Broker Dealers, advisors and shareholders on a daily basis ensuring that all investor inquiries are addressed, consults with investment advisors on new investment opportunities, processes subscriptions and manages the day to day activities of the In-House Investor Relations department. Mrs. Gunnels has a total of over ten years experience in both commercial and residential real estate. Prior to joining ARCTRUST, Mrs. Gunnels started her career in residential real estate working for Pulte Homes, a Fortune 500 Company. Mrs. Gunnels holds a Bachelor’s of Science degree in Business Administration with a concentration in Industrial/Organizational Psychology as well as a Master’s Degree in Business Administration from St. Thomas Aquinas College.
Neil Doornheim – Vice President of Asset Management
Neil Doornheim, born in 1967, is Senior Vice President of the ARCTRUST Group of Companies where he is responsible for asset management and lease administration. Prior to joining the ARCTRUST Group of Companies, Mr. Doornheim was the Asset Manager Supervisor of ARC Commercial Mortgage Company, a California based commercial mortgage company for various commercial property types. Prior to ARC Commercial Mortgage Company, Mr. Doornheim was the Director of Portfolio Management for VAP International, a New Jersey based real estate development company. Mr. Doornheim has extensive experience in the financial, operational and physical management of real estate assets, as well as project management, construction, and development. Mr. Doornheim has a Bachelor of Arts degree in Business Administration from North Carolina State College.
Edward Finnegan – Vice President of Capital Markets
Edward Finnegan, born in 1963, is Vice President of Capital Markets for the ARCTRUST Group of Companies. As VP of Capital Markets, Mr. Finnegan is responsible for sourcing institutional capital for ARCTRUST and affiliated real estate companies. Prior to joining ARCTRUST, Mr. Finnegan was a Managing Director at Estreich & Company, a premier NYC-based mortgage brokerage and capital advisory firm. Prior To Estreich & Company, Mr. Finnegan was a Director at HFF in their NYC office, having started at a predecessor company, Fowler Goedecke Ellis & O’Connor, in 1994. Mr. Finnegan is a licensed real estate broker in New York and is active in ICSC and REBNY. He attended Carnegie Mellon University and is currently enrolled in the Fordham School of Professional and Continuing Studies.
Administration and Support
The senior management is supported by a well qualified staff of assistants and other support staff, as well as the most modern computer and business systems.