Leaders in International Real Estate

Carlton Group’s executive team combines decades of commercial real estate experience with the forward-thinking vision to create one of the most flexible, innovative firms in operation. With executives all over the world, Carlton Group’s access to global markets is unparalleled, as is its insight into commercial real estate, hospitality and equity and debt placement

Michael J. Campbell – CEO

Michael Campbell brings 20 years of commercial real estate experience to the The Carlton Group. Since 1998, he has been integrally involved in the structuring and procuring of equity and debt capital for over $75 billion of real estate projects around the world. 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.  mjc@carltongroup.com



Daniel Bildner is a co-managing principal and serves as COO and General Counsel for The Carlton Group, Carlton Strategic Ventures LLC (CSV) and their related companies. He has over 20 years of experience in real estate. Bildner, in addition to being chief operating officer and chief legal officer of the company, is involved in all aspects of Carlton business, including: advisory, consulting, principal transaction, workout and restructurings, and negotiation of term sheets and commitments with mortgage and mezzanine debt and preferred and joint venture equity capital partners for Carlton clients and Carlton principal investments. Bildner sources institutional, non-institutional, HNW, and family office capital for debt, equity and sales advisory engagements, and he oversees the asset management of the CSV principal investments. Prior to Carlton, Bildner was vice president and general counsel of Armstrong Capital Management LLC – an owner, operator and property manager of retail and multifamily properties. Preceding his position at Armstrong, Bildner was a partner at the international law firm of Greenberg Traurig, LLP, where he practiced in the real estate department for over twelve years, handling numerous complex acquisition, financing, dispositions, construction and joint venture matters. In the years preceding his tenure at Greenberg Traurig, he was an associate practicing civil and real estate related litigation at the law firms of Wilson Elser Moskowitz Edelman & Dicker LLP and Klein & Solomon LLP. Bildner received his bachelor of arts from Emory University in 1989, and graduated, cum laude, from the State University of New York at Buffalo Law School in 1992.

Steven Fenster – Senior Managing Director 

Steve Fenster is a Senior Managing Director at The Carlton Group. His responsibilities at Carlton include debt and equity placement . He specializes in procuring JV Equity for acquisitions, recapitalizations and development projects. He has extensive experience with office buildings, multifamily rentals, hotels, ground up developments, condominium conversions and mixed-use projects . He has over 35 years of combined real estate and investment finance experience. Prior to joining Carlton in 2001, Steve raised capital working for both real estate syndication firms and investment banks. Steve holds a BA from American University and an MBA in Accounting from the Hofstra University Zarb School of Business. He is a licensed real estate salesperson in the state of New York

Janet Fleming – Managing Director Finance

With over 30 years of experience in family-owned real estate, Ms. Fleming joined The Carlton Group as Managing Director-Finance and works directly with leadership in day to day operations. Prior to joining Carlton, she was the Chief Financial Officer for Debrah Lee Charatan and directed the accounting department in all financial planning, management, and reporting. Previously, Ms. Fleming was the Chief Accounting Officer at Ashkenazy Acquisitions where she managed an accounting staff of 9. Ashkenazy is noted for its many retail holdings including Faneuil Hall and Union Station. Ms. Fleming also served as Chief Financial Officer for Allied Partners and as Corporate Controller for Jack Parker Corporation with a staff of 12 Accountants.  Ms Fleming started her career working with Irving Goldman for 10 years in multi family real estate and later worked for 14 years for Sanreal Properties , a retail real estate company known for its NNN leases where she also prepared the company’s tax returns. Ms. Fleming has a Bachelor of Science degree from Lehman College and resides in Westchester

Jonathan Rosner – Managing Director

Mr. Rosner is responsible for the origination and placement of structured debt and equity financing and is also responsible for Carlton’s capital raising activities in Israel. Previously, Mr. Rosner served as Chief Financial Officer at Carlton. Mr. Rosner is an acknowledged capital markets expert and has been involved in over $5 billion of principal and advisory transactions. Mr. Rosner lived in Israel for 5 years, speaks Hebrew fluently and has established relationships with Israel’s largest insurance companies, pension funds, and ultra-high net worth investors. Mr. Rosner previously worked for Cushman and Wakefield, where he provided highly structured financial and analytical advice on large and complex transactions. Before that, Mr. Rosner worked at Ernst & Young and Arthur Andersen. Mr. Rosner received his MBA in Finance from the Stern School of Business at New York University and his BS in Accounting from Yeshiva University. Mr. Rosner is a licensed CPA and Real Estate Salesperson

Ruth Barone – Managing Director

Ms. Barone has extensive experience in real estate lending. Most recently, she was Chief Credit Officer at Aristone Capital. Her responsibilities included credit review, origination, structuring and capital markets syndication. Prior to that Ruth was Managing Director of Glacier Global Partners, a real estate private equity firm. At Glacier she ran the debt platform where she was responsible for origination of bridge loans, mezzanine loans and preferred equity investments for the firm. Ms. Barone also ran the capital markets group at Glacier, which included the placement of A-Note participations to banks and institutional lenders. Ms. Barone was also Senior Vice President at G2 Real Estate Partners where she was responsible for originating both debt and equity investments for the firm, President and Founder of Glenmere Capital Partners, a real estate investment banking and advisory firm and Managing Director of Stillwater Capital Partners LP, Real Estate Asset-Backed Fund where she managed a $300M commercial real estate loan portfolio, structured fund level debt and formed participations with other funds and institutions

Mark Melhuish – Managing Director

Mr. Melhuish joined The Carlton Group in 2016 as a Managing Director in the Carlton Strategic Ventures principal investment group and currently functions as head of asset management.  Mr. Melhuish has 30 years of experience in real estate private equity investments.  Most recently, Mr. Melhuish was a Managing Director for Signal Rock Real Estate Group, a real estate investment advisor that specialized in real estate acquisitions, portfolio and asset management and various advisory assignments such as debt financing and investment structuring.  Mr. Melhuish has previous experience in real estate acquisition and development roles and has held asset management positions for the Morgan Stanley and Lehman Brothers real estate opportunity funds.  Mr. Melhuish holds a Master of Business Administration from the Darden School at the University of Virginia, and a Bachelor of Science degree from the University of New Hampshire

Jeff Kosow – Managing Director

Jeff Kosow is a Director at The Carlton Group and has more than 35 years of experience as an owner, developer, and manager of multi-family and commercial properties throughout New England, New York City, and Southern Florida. During that time, he has owned and partnered in more than 4,500 rental and condominium apartments, 1,500 of which have been developed from the ground up. Kosow has arranged acquisition, construction, conversion, lines of credit and permanent financing for more than $3b worth of properties. Kosow’s equity partners in development projects have included Chevron, Dean Witter, and California Edison. Kosow’s community and philanthropic activities have included being an Associate Trustee for the University of Pennsylvania, a member of The President’s Club at Brandeis University, and a member of the Prime Minister’s Club for the State of Israel Bonds. He is a graduate of the Wharton School at the University of Pennsylvania, and holds a bachelor of science degree in economics

Paul Wolfson – Director

Paul Wolfson is a director at The Carlton Group and is responsible for the origination and placement of structured debt and equity financing. He has over 20 years of commercial real estate experience, most recently as COO of Chesterfield Faring Ltd., a boutique investment bank. Wolfson also served as VP at Argent Ventures, a private real estate investment company, where he oversaw acquisitions and asset management of a portfolio which included Grand Central Terminal and its 1.2M sq. ft. of air rights, the Omni Mall and Hotel redevelopment in Miami and over 700 sponsor condo/co-op units in NYC. He was also VP of acquisitions and asset management at American Real Estate Holdings, LP, a publicly-traded Master Limited Partnership controlled by Carl Icahn where he was responsible for a portfolio of 3M sq. ft. of retail, office, industrial, hotel, land and casino assets. Wolfson holds a bachelor’s degree from Fordham University

Lavy Rosenthal – Vice President

Lavy Rosenthal is a Vice President at The Carlton Group focused on equity joint ventures and high leverage, multi‐tranche capital solutions. Prior to joining Carlton, Lavy worked at B+B Capital, a full‐service real estate investment company that owned, developed, and managed residential and mixed‐use properties throughout New York City. While at B+B Lavy had spearheaded the acquisition of over $500MM worth of real estate in the New York City market, with a distinct focus on ground up condominium projects, retail, and for rent product. Lavy holds a B.A. in Finance with a concentration in Financial Engineering from Binghamton University

Joe Riggi – Vice President

Joe Riggi, Vice President at Carlton Group, is responsible for the origination and placement of structured debt and equity financing. Prior to joining Carlton, Joe spent four years at PGIM Investments as Regional Internal Consultant on the mutual and separately managed accounts distribution team. Mr. Riggi has held significant advisory positions at AXA and SunTrust and his responsibilities included financial planning, development of asset allocation models, and portfolio management of investments. Mr. Riggi holds a bachelor’s degree in Finance from Dowling College and currently maintains Dual Citizenship in the U.S. and Italy

Greg Wysocki – Vice President 

Mr. Wysocki is responsible for the origination and placement of structured debt and equity financing. He brings more than 6 years of experience in the investment industry. Prior to joining Carlton, Wysocki held positions with BNY Mellon & PGIM Investments. Greg holds a bachelor’s degree from Hawaii Pacific University and is currently studying for the CFA Level III

Andrew Karaan – Associate 

Mr. Karaan is responsible for the underwriting and placement of structured debt and equity financing for various types of real estate. Mr. Karaan has 5+ years of real estate industry experience and has executed advisory transactions with a market value in excess of $2 billion. Mr. Karaan has a M.S. in Corporate Finance and Investments from Washington University in St. Louis

James Souto – Associate

Mr. souto is responsible for the origination and placement of structured debt and equity financing. He brings more than 5 years of experience in the investment industry. James holds a bachelor’s degree from Rutgers University 

Dan Li – Associate

Kunyang (Dan) Li is an experienced real estate professional in both the capital markets and acquisitions department. Kunyang(Dan) Li is currently an associate at the Carlton Group. He is on both the capital markets team as well as the internal asset management team. For the capital markets team, Mr. Li is involved in capital-raising activities as well as underwriting and origination of deals. For the asset management team, Mr. Li is involved in managing the financial statements of the assets in which the company currently owns. He is adept in using Argus as well as Excel for financial modeling. Prior to  Carlton Group, Kunyang(Dan) worked on Acquisition in a development company in China for 2 years. Mr. Kunyang(Dan) Li was involved in over 2 million SQFT of Affordable housing and Condo development where he demonstrated outstanding analytical skills and interpersonal skills. Mr. Li has a Master of Science in Real Estate Finance and Investment from New York University and a Bachelor of Arts in Russian Language and Literature from Wuhan University.

Aliya Sattaur – Bookkeeping 

Aliya works directly with the managing director of finance as Carlton’s Bookkeeper. Before joining Carlton in early 2018, she served as a Junior Accountant to The Strategic Agency, a sports marketing firm. Aliya has a Bachelor of Science degree from St John’s University


Hospitality Division

Brendan P. Sullivan – Managing Director – Hospitality

Brendan P. Sullivan serves as Managing Director of Carlton Hospitality Group and has executed hospitality-related principal and advisory transactions with a market value in excess of $5 billion. Prior to joining Carlton, Sullivan was president of Stephen W. Brener Associates/InterBank Brener Hospitality, where he was responsible for the company’s three primary business lines: Investment Banking and Principal Activities; Advisory and Brokerage Services; and Strategic Relationships. His major clients included Marriott International/Host Marriott, Ladbroke (Hilton), FelCor Lodging Trust, Thayer Lodging Group and the Port Authority of NY and NJ, amongst others

Mr. Sullivan has also served as the Regional Director  of the Americas for London based Knight Frank Access and was on the Advisory Board for New York University’s Tisch Center for Tourism and Hospitality

Todd Fasanella – Managing Director

Todd serves as Managing Director of the Carlton Hospitality Group focusing on originating, structuring and placing of equity and debt capital and advisory for hospitality transactions. Todd has over 20 years of investment banking and capital markets experience for real estate, hospitality and leisure owners and developer / operators, having structured, marketed and advised on over $25 billion of acquisitions, senior / mezzanine debt, preferred / common equity for cash flow and development projects during his career. Todd also has unique expertise in timeshare related transactions and financings.   Todd previously worked for Imperial Capital, Barclays Capital, Credit Suisse and The Prudential Realty Group. Todd received a bachelor of science in economics and mathematics from The Ohio State University and his MBA in finance and strategy from Yale University

Carlton Group West Palm Beach

Stephen Scorgie – Managing Director

Stephen Scorgie is managing director and head of The Carlton Group’s Florida office. He has over 20 years of Capital Markets experience securing billions of dollars of debt and equity financing for various types of real estate. Scorgie’s experience also includes buying and trading loans and REO as a principal and selling loans as a financial advisor to large financial institutions. He has been with Carlton for 20 years. Prior to working at Carlton, Scorgie was a director at Ocwen Financial, during which time Ocwen was recognized as the largest buyer of distressed commercial and residential loans in the market. Scorgie started Ocwen’s small commercial distressed loan division before becoming the head of business development. He has a bachelor’s degree from the University of Virginia and a master’s of business administration from the University of Virginia’s Darden School of Business

Carlton Group Europe

Carlton Group Italy

Anthony F. Marando – Managing Director

Anthony F. Marando is a Managing Director in Carlton’s Equity/Debt Advisory and Strategic Ventures Departments, responsible for the origination and placement of large corporate and real estate related structured transactions and funds. Marando is a 30 year veteran of the commercial real estate market. Prior to joining The Carlton Group, he personally originated and placed over $1 billion of commercial real estate and corporate transactions throughout his career. He has also been a Licensed NYS Real Estate Broker since 1983. Marando has been happily married for over 21 years and is a proud father of 3 children. He is also an active member in his local residential community. Marando holds a bachelor’s degree in economics from Fordham University and currently maintains Dual Citizenship in the U.S. and Italy

More About The Carlton Group


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