Multi-Family Asset Veteran to Manage Fund Portfolio, Investor Relations for Leading Green Real Estate Development, Investment and Project Management Firm

Jonathan Rose Companies, LLC, a leading green real estate development, investment and project management firm, has named Michael Arman Chief Financial Officer (CFO). In addition to his responsibilities as CFO, he will oversee the firm’s investment funds. The announcement was made by Jonathan F.P. Rose, the company’s president.

“Michael shares our company vision of creating and preserving affordable communities of opportunity that deliver economic, environmental and social returns for our investors, our residents, and communities in which we work," Mr. Rose said. “We are so pleased to have someone of his character and capabilities join our firm.”

Most recently, Mr. Arman served as CFO of Procida Funding, a private equity mortgage fund. Prior to Procida, Arman was a founding member and Managing Director of Hudson Realty Capital, a private equity real estate firm that invested in assets valued at over $3.8 billion. While there, he served as Chief Financial Officer and managed all of Hudson Realty Capital's financial assets, working to optimize returns. Arman was also a founding member of Newbridge in 2001, one of the predecessor companies of Hudson Realty Capital.

Prior to Newbridge and Hudson Realty Capital, Mr. Arman was a Vice President at CSFB and a member of its Portfolio Bids Group, where he was responsible for financial reporting, integrating information with internal support departments, maintaining third party vendor relationships with servicers, accountants, and insurers and performing asset management duties. Prior to joining CSFB in 1998 Arman was a Portfolio Financial Manager for the J.E. Robert Companies, where he supervised accounting, servicing and financial reporting for institutions.

“Jonathan Rose Companies has established a terrific track record in the preservation, greening and development of affordable and mixed income projects, an area in which there is a tremendous opportunity for growth,” said Arman. “I am looking forward to being part of this expansion.”

Arman began his professional career with Deloitte & Touche as a Staff Accountant, performing audits on real estate and brokerage companies. He received his MBA from the University of Connecticut and received his BBA from Iona College. Arman is a Certified Public Accountant and a member of the AICPA.