Allan V. Rose
Allan V. Rose is the Owner and Chief Executive Officer of AVR Realty, a privately held real estate development and management company. He founded AVR over 70 years ago and through a strategy of development and acquisition has created a highly diversified portfolio of commercial, hotel, and residential properties, located throughout the continental United States.
As the Chief Executive he establishes the strategic objectives for AVR and oversees the team responsible for executing those strategies. Understanding the cyclical nature of real estate and financial markets, he set up a unique business plan for AVR comprised of a broad portfolio of holdings that encompasses virtually all sectors of the real estate industry. This plan has enabled the company to identify changes in market trends and position itself to move on potential opportunities. Today, the company’s holdings include office complexes, shopping centers, industrial properties, residential communities, apartment complexes, and hotels. Through his vision and expertise, AVR has become a recognized and respected leader in the real estate industry.
Michael Jacobs, as President and Chief Operating Officer oversees the operations of the Company. In this role, he works closely with AVR’s in-house teams, external management companies, hotel brands, and partners to increase value across the AVR portfolio. In addition, he leads the firm’s financial operations, planning, and technology functions. During his tenure with AVR Realty Company, Michael has had a wide range of responsibilities including the acquisition, disposition, and asset management of properties nationwide including office buildings, shopping centers, hotels, and multifamily apartments. Michael is also actively involved in our new development projects centered on Long Island.
Michael previously worked within the real estate private equity industry where he was focused on executing real estate investments across various property types and geographies. Throughout his career Michael has completed over $1.5B in transactions across the country. Michael received his M.B.A. from the Stern School of Business at NYU where he was a Stern Scholar. He received a B.S. in Management from Binghamton University.
Lily Ann Marden
Lily Ann Marden, as Vice President – Head of Capital Markets secures the financing for AVR’s real estate portfolio. She has raised and closed over $3 billion of debt and preferred equity through a variety of sources including commercial banks, commercial mortgage-backed security lenders, insurance, and other financial institutions. Throughout her long career at AVR, she has overseen the structuring, marketing, negotiating, and closing of all loan transactions as well as on-going relationships with lenders and servicers. In addition, she shares responsibility in the oversight and structuring of major transactions as well as asset management. She also oversees tax certiorari proceedings, insurance risk management and employee benefits.
Lily Ann was previously on the real estate lending team at a major New York City bank and received her BA from the University of Massachusetts in Amherst and MBA from New York University.
Thomas F. Perna, P.E.
Tom Perna, as Director of Land Development, facilitates the planning and development of raw land for residential, commercial or industrial purposes. Tom is unparalleled in his ability to effectively navigate the increasingly complex field of environmental rules and regulations, approval and zoning processes necessary to successfully guide a project from initial site selection through the construction stage. An Engineer by trade, Tom began his career with AVR over 30 years ago and is presently overseeing projects in New York’s Hudson Valley and Long Island regions.
Brian Ferruggiari, as Director of Public Affairs, coordinates the local community outreach and government relations activities. Brian joined the AVR team in 2005 after serving 30 years in government, 16 as an elected official. His knowledge of government and local civic associations has proven to be a valuable tool during the planning and approval phases of development projects. Brian was instrumental in the approval of an 850,000 sf. retail center, a 322 acre mixed-use master planned community, and securing numerous grants. Brian received his Masters Degree in Public Affairs and his Bachelors Degree in Political Science from SUNY Stony Brook. He is a past President, and currently serves on the Board of Directors of the Long Island Builders Institute. He is an active volunteer for the Children’s Tumor Foundation and is a member of their Corporate Advisory Council.
Andrew Vitale is the Senior Director responsible for overseeing the commercial real estate portfolio including all leasing activities. With over 15 years of experience in commercial real estate and retail asset management, Mr. Vitale brings a wealth of expertise to his role. He holds degrees from both Cornell University and New York University.
Anthony Shabani, as Director of Property Management oversees the day to day operations of our retail, hotel and residential assets. He is responsible for preparing and executing operating budgets for property maintenance, property improvement plans and capital projects. Since joining AVR in 2016, Anthony has been instrumental in completing retail tenant fit outs, hotel PIPs and other construction projects in the portfolio. He earned his Bachelor’s Degree in Finance and Economics from Manhattan College.