ARA Finance Taps Former Cushman & Wakefield
Executive Tom MacManus for President and COO
Seasoned Executive will Drive Strategic Growth of ARA’s National Debt Platform
April 05, 2010 11:10 AM Eastern Daylight Time
BOCA RATON, Fla.--(EON: Enhanced Online News)--Boca Raton, FL-headquartered ARA Finance, a joint
venture of Apartment Realty Advisors (ARA) and CWCapital LLC, today announced it has hired Tom MacManus
as President and Chief Operating Officer. MacManus will report to the ARA Finance Executive Committee,
comprised of ARA and CWCapital senior executives, and will be based out of the Boca Raton, FL office of ARA.
MacManus joins ARA Finance with 30 years of industry experience. He previously served as Executive Vice
President and head of New York City-based Cushman & Wakefield‘s Debt & Equity Finance practice. He served
in a leadership role in the firm’s acquisition of Sonnenblick Goldman in July of 2007 and was subsequently appointed
Chairman and Chief Executive Officer of Cushman & Wakefield Sonnenblick Goldman – the New York-based
investment banking group. Prior to his positions at Cushman & Wakefield, he held various senior leadership
positions during his nine year career with GMAC Commercial Mortgage Corp. (GMACCM).
From 2003-2006 he served as President of GMACCM and CEO of its North American Operations where he
managed seven lending platforms and a mortgage banking group with a $10 billion balance sheet and $22 billion in
annual originations. These businesses provided customized solutions for the entire capital stack on virtually all asset
classes of commercial real estate.
In his capacity as President and COO of ARA Finance, MacManus will be responsible for the strategic
development of the venture’s national multifamily lending platform, which provides service through ARA’s 19 offices
located across the country. Formed in 2009 to provide a full range of mortgage finance services to ARA clients,
ARA Finance combines the strengths of ARA’s national multifamily in