ARCTRUST Promotes Gary Baumann to ARCTRUST III Chairman
ARCTRUST – a fully integrated real estate company specializing in the development, acquisition and joint-venture funding of investment properties and net lease opportunities – has promoted Gary Baumann, Esq., chief executive officer, to chairman of ARCTRUST III Inc. an ARCTRUST fund.
Part of the company’s 2019 succession plan, Baumann is taking the place of Robert Ambrosi, ARCTRUST’s founder, who will become the lead director at ARCTRUST III. With the promotion, Baumann will provide leadership to the company’s officers and executives and work directly with them on strategic planning and policy decisions.
“I am incredibly grateful to transition into the role of chairman and to build upon the strong foundation laid by Robert,” Baumann said. “I look forward to working with everyone at ARCTRUST in this new capacity, and I remain committed to creating lasting value for our shareholders as we continue to build our next 40-year legacy.”
Baumann has been working with 40-year-old ARCTRUST for more than half that time. He started as vice president of construction 2005 and assumed the role of CEO in January of 2020. In addition to serving as ARCTRUST’s CEO, Baumann, at separate times, held the positions of general counsel and chief operating officer.
Baumann has served the real estate development, finance, and investment sectors through fund creation, strategic capital planning, transaction structuring, and capital raising. As an attorney, Baumann has practiced law in New York and New Jersey and was with the nationally recognized firm of Lowenstein Sandler, as well as the international construction law firm of Peckar & Abramson, P.C.
Baumann earned his Juris Doctor degree from Rutgers University School of Law-Newark. He holds a bachelor’s degree in finance from Kean University, where he graduated magna cum laude.
Along with Baumann’s promotion, ARCTRUST said it is continuing to celebrate its 40th anniversary.
Since its inception, the ARCTRUST Group of Companies, which includes ARCTRUST Private Capital, has been responsible for the development, acquisition, and joint-venture funding of more than 500 transactions with an aggregate value in excess of $5 billion.
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