ARCTRUST Management Team



ceoRobert J. Ambrosi, born in 1950, is Chairman, Chief Executive Officer and Director of ARCTRUST as well as founder of ARCTRUST Properties, Inc., which was formed in 1985. Mr. Ambrosi was also founder, President, Chairman and Chief Executive Officer of ARC Corporate Realty Trust, Inc., a public but non-listed Net Lease Properties REIT from 1993 to 2008. Mr. Ambrosi has over 40 years of experience in the acquisition, development and management of real estate projects internationally. He began his career as a real estate analyst at the Mutual Life Insurance Company of New York. He was then hired as a Vice President to open the New York Office of Marcil Properties, a Canadian real estate investment banking firm, and was responsible for the acquisition of U.S. real estate and Net Lease Properties on behalf of foreign based investors. In 1979, he co-founded The Pivko Group, Inc. and subsequently Tibor Pivko & Company, an international real estate advisory company with activities in the United States, Europe and the Middle East. In 1985, he founded ARC Properties, Inc. to specialize in the acquisition and development of net leases and real estate properties throughout the United States. He has a Master’s degree in Finance from Rutgers University, a Senior Certificate in Real Estate from New York University, and a Bachelor’s degree in Engineering from the New Jersey Institute of Technology. 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.

James M. Steuterman- President and CEO ARCTRUST

cooJames M. Steuterman, born in 1956, is President and CFO of ARCTRUST, where he is responsible for the capital needs of ARCTRUST, and has previously served as a Director and Audit Committee Member of ARC Corporate Realty Trust. Prior to joining ARCTRUST, Mr. Steuterman was Senior Vice President of Toll Brothers, Inc. a fortune 500 national luxury home builder, where he was responsible for the commercial land holdings, acquisition, development and overall management of urban mixed use and suburban retail, multi-family, and office projects, for Toll’s affiliates including Toll Brothers Realty Trusts I and II- joint venture investments with the Pennsylvania State Employee Retirement System (PaSERS). Prior to Toll, Mr. Steuterman was Chief Operating Officer, Board and Investment Committee Member of New Plan Excel Realty Trust, a $3-billion; NYSE Real Estate Investment Trust (REIT). Mr. Steuterman has more than 30 years of real estate and investment management experience, is a member of the National Association of Real Estate Investment Trusts (NAREIT), the International Council of Shopping Centers (ICSC) and a designated CSM. Mr. Steuterman holds a Bachelor of Science degree in Business Administration from the University of Missouri-St. Louis.

Gary S. Baumann, Esq. – Vice Chairman

mgnt5Gary S. Baumann, Esq., born in 1968, is Chief Operating Officer of ARCTRUST. 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, P.C. and the international construction law firm of Peckar and Abramson, P.C. Mr. Baumann has served the real estate and construction industry for 20 years as a construction project executive, construction attorney and as a consultant. Mr. Baumann has guided project participants with individual undertakings ranging from 3 to 200 million dollars through risk examination, project delivery counseling, document drafting and negotiation, claim analysis, and dispute resolution. Mr. Baumann earned his Juris Doctor Degree from Rutgers University School of Law-Newark and holds a Bachelor’s Degree in Finance from Kean University, Magna Cum Laude.


mgnt2Marc Perel, CPA, born in 1953, is President, Chief Operating Officer, and co-founder of ARCTRUST Properties Inc., and was Executive Vice President and Director of ARCTRUST. Mr. Perel has more than 30 years experience in all fields of real estate including acquisitions, planning, entitlements, development, leasing, management, and financing. As Chief Operating Officer, Mr. Perel is responsible for the day to day operations at ARC. 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 involved 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 company, he received the prestigious National Phoenix Award given by the Environmental Protection Agency. Mr. Perel has a Bachelor’s of Science degree in Accounting from Long Island University and is a Certified Public Accountant.

Joseph Morena – Executive Vice President

mgnt6Joseph M. Morena, born in 1953, is Executive Vice President at ARCTRUST Properties, Inc. and was formerly Treasurer of ARC Corporate Realty Trust (ACRT). Prior to ARCTRUST Properties, Mr. Morena was Chief Financial Officer of Tel-Save Holdings Inc., a publicly traded telecommunications company. Prior to Tel-Save, Mr. Morena was Vice President Treasurer of Air and Water Technologies, a New Jersey based publicly traded international design engineering and construction company. Mr. Morena has substantial experience in corporate finance, including capital raising in the public IPO market, bank loan, public bond and private placement markets. Mr. Morena also has significant business management experience in the area of financial statement preparation and control, as well as investor relations. Mr. Morena has a Master’s degree in Banking and Finance and a Bachelor’s degree in Business, both from New York University.

Jason Kessler – Chief Investment Officer

mgnt10Jason Kessler, born 1980, is the Chief Investment Officer at ARCTRUST Properties where he is responsible for managing and implementing the Joint Venture Development Program as well as running the firms Due Diligence activities for all acquisitions and developments. Prior to joining ARCTRUST, Mr. Kessler was the Vice President of Acquisition’s and Development for FC Development Group, a dynamic commercial real estate development company focusing on ground up, redevelopment and brownfield opportunities in the Mid-Atlantic region where he was responsible for identifying and underwriting development and redevelopment 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

m13Michael R. Ambrosi, born in 1981, is the Vice President of Leasing and Marketing at ARCTRUST Properties. Since joining the firm in 2004, Mr. Ambrosi has been primarily responsible for project acquisition analysis, retail leasing, overall marketing for the firm, while also serving as a key member in other areas such as the acquisition, sale, and development of real estate properties, and investor relations. In addition, Mr. Ambrosi is the administrator of information and business technology for the company. Mr. Ambrosi is a graduate of Villanova University with a Bachelor’s Degree in Communications and Business Administration, and is a Vistage Key Executive Group member.

Steven L. Maloy – Executive Vice President, Acquisitions

mgnt7Steven 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

mgnt8Robert 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

mgnt8Mitchell 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

mgnt8Greg 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

mgnt10Silvia P. Fernandes, Esq., is General Counsel at ARCTRUST Properties, Inc. Ms. Fernandes is an attorney admitted to practice law in New Jersey, Pennsylvania, New York, and the U.S. District Court of New Jersey. While attending law school she worked as a law clerk in the General Counsel’s Office of Ernst & Young, LLP and practiced law at Lindabury, McCormick, Estabrook & Cooper, P.C. prior to joining ARCTRUST Properties, Inc. She has extensive experience representing buyers, sellers, and lenders in commercial real estate transactions, as well as in areas of general practice such as transactional law, employment law, employee benefits, and commercial litigation. Ms. Fernandes earned her Juris Doctor Degree from Seton Hall University School of Law holds and a Bachelor of Arts Degree from Ramapo College of New Jersey, Summa Cum Laude. She is a Board Member of the New Jersey Women Lawyers Association and a member of the New Jersey State Bar Association.

Lisa G. Gunnels – Vice President of Investor Relations

mgnt10Lisa Gunnels is Vice President of Investor Relations at ARCTRUST Properties, 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

m12Neil Doornheim, born in 1967 is Vice President Asset Management at ARCTRUST Properties. Prior to joining ARC Properties Inc., 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 knowledge and experience in the financial and physical management of retail real estate assets. Mr. Doornheim also has significant business management experience in the area of project management, construction management 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

mgnt10Edward Finnegan, born in 1963, is Vice President of Capital Markets for ARCTRUST. 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.