EXECUTIVE MANAGEMENT TEAM:
Howard L. Michaels, Chairman - 212 716-5607
Mr. Michaels is Owner and Chairman of the Carlton Group. Since 1990, Mr. Michaels has been instrumental in the marketing, sale and financing of over $40 billion of commercial and residential assets through the Carlton Group and its related entities. In addition to his responsibilities as Chairman, Mr. Michaels directs Carlton’s debt and equity placement activities. In this capacity, he has established a reputation as one of the nation’s foremost dealmakers, and in 2005; for example, he arranged more than $7 billion in capital for such notable transactions as 1 Madison Avenue, Manhattan House, River Terrace, and the Starrett-Lehigh Building in New York, among numerous others. He is a graduate of American University with a BS in Business Administration.
Michael Campbell, Partner - 212 716-5611
Mr. Cambell has over 15 years of commercial real estate experience. Since joining Carlton in 1998, he has been integrally involved in the structuring and procuring of equity and debt capital for over $40 billion of real estate projects around the world as well as a senior member of Carlton’s principal business. Prior to joining Carlton, Michael spent five years at various Prudential real estate groups including PRG, PCG and PMCC. He has extensive experience in all facets of real estate investments including: complex equity and debt capital structuring, business origination & development, loan/REO auctions and underwriting for all property classes. Michael has a degree in Financial Engineering from James Madison University and a master’s in Real Estate Finance and Investments from New York University.
Joseph Korbar, Managing Director & Co-Chief Investment Officer – 212 716-5627
Mr. Korbar is a Managing Director of the Carlton Group and Co-Chief Investment Officer of Carlton Strategic Ventures. Mr. Korbar is a residential loan and capital markets expert having held senior positions for JP Morgan Chase, Mortgage It and Deutsche Bank over a 20 year period. At Deutsche Bank, Mr. Korbar was a Senior Banker in the RMBS Fixed Income Division where he was responsible for pricing and new product development for a $25 billion per year book of investments. In addition, Mr. Korbar managed risk, hedged positions and determined best execution strategies for the portfolio. Prior to Deutsche Bank, Mr. Korbar worked at JP Morgan Chase as a Senior Vice President in the Finance Division. Mr. Korbar has a B.S. in Finance from Seton Hall University.
Dax Scharfstein, Managing Director & General Counsel -212 716-5634
Mr. Scharfstein has over 11 years of experience in commercial real estate finance. Prior to joining Carlton, Mr. Scharfstein was employed at Bear Stearns as a Director of Structured Finance, where he was directly involved in over $30 billion of commercial real estate transactions, including the acquisition financing of Hilton Hotels for Blackstone. In addition, Mr. Scharfstein spent over 6 years at the law firm of Schulte Roth & Zabel LLP as a senior associate working on all aspects of mortgage and mezzanine lending as well as acquisition and sales of commercial real estate. Mr. Scharfstein has a J.D. from Hofstra University School of Law and a B.A. from Brandeis University.
Robert Gaeta, Controller/Senior Vice President – 212 716-5615
Robert J. Gaeta is the Controller of Carlton Advisory Services, Inc. He is responsible for overseeing the financial aspects of the Company’s operations. Additionally, he is an accomplished professional in the analysis and valuation of property and mortgage portfolios and property management. Prior to joining Carlton, Mr. Gaeta served as Vice-President and Controller of David Management Corp., a real estate investment firm which owned and operated in excess of $200 million of property.Mr. Gaeta was responsible for managing the financial affairs of the company’s portfolio of cooperative, condominium, and rental properties. Mr. Gaeta has more than 20 years experience in the construction and real estate industries and was formerly Accounting Supervisor for Turner Construction Corporation where he was responsible for supervising the financial affairs of over $250 million in on-going construction projects. Mr. Gaeta is a graduate of Baldwin Wallace College and is a licensed real estate broker.
