As Chief Financial Officer of CMC Group, Inc., Art is responsible for all financial, legal, risk management and corporate matters for this real estate development company. Since joining CMC Group in 1993, Art has overseen CMC’s development activities , structured numerous joint ventures with both institutional and private investors, and arranged in excess of $1.25 billion of construction and permanent debt financing for the company’s projects.
Prior to joining CMC Group, Art was a Vice President in the Real Estate Department of Sumitomo Trust & Banking Company and managed a real estate loan portfolio of approximately $2 billion for the New York Branch. At Sumitomo, he oversaw all underwriting, loan administration, internal and external loan funding, and borrower communication and marketed commercial real estate loan and equity products in the United States and Japan. He also supervised the workout of several problem and non-performing loans. Art graduated with a BA in Economics from Harvard College.