Cantor Commercial Real Estate ('CCRE') has announced the appointment of Michael J. DeMarco as Chief Investment Officer.
This is a newly created position to accelerate the growth of the firm through corporate level acquisitions and other strategic initiatives.
With extensive experience in real estate investments and finance, DeMarco will also help to develop CCRE's corporate strategy. He will report to Anthony Orso, Chief Executive Officer of CCRE.
'We are thrilled to welcome Michael to our senior management team. Michael brings a distinguished track record of working with some of the world's most respected firms and investors, and a unique perspective that will be invaluable as we build upon CCRE's continued success', said Orso. 'I look forward to working closely with Michael and the leadership team to deploy the company's strategy, enhance financial performance and capitalize on opportunities that complement our core origination platform'.
DeMarco added, 'I am excited for the opportunity to join CCRE and to work closely with senior management to support the firm's momentum and to assess opportunities for growth, either organically or through acquisitions. I am confident that we will continue to maintain a leadership role within the industry and look forward to adding value to our stakeholders, our clients and our employees'.
DeMarco joins Cantor from Vornado, where he served as an Executive Vice President and a member of their executive management team. Previously, he was a Partner at Fortress Investment Group, where he was responsible for North American real estate investments, and a senior banker at Lehman Brothers, where he focused on mergers and IPOs, and helped launch their CMBS Program. He also held senior positions at Credit Suisse First Boston and Arthur Andersen.
DeMarco is a Certified Public Accountant, and holds a BBA in Accounting and History from Pace University, and an MBA in Economics from the University of Chicago Booth School of Business.