ARCWheeler is a joint venture between ARC Properties, Inc., of Clifton, New Jersey and Wheeler Brothers Holdings, LLC, a Philadelphia-based company. Combined, the principals of ARCWheeler have been responsible for the acquisition and development of more than 150 projects with an aggregate value in excess of $3 billion.
The two real estate companies joined forces in 2003 for the purpose of developing competitively in urban growth markets that have evolved over the last five years due to general population shifts back to major cities.
This shift has been fueled primarily by the “baby boomer” generation, who in great numbers have invested their wealth in urban lifestyles where, as a result, increased housing and services are required in cities throughout the United States. ARCWheeler recognized this shift in 2003 and has focused its mission statement on fulfilling these real estate needs in various cities, particularly in the northeast United States and Florida.
Robert J. Ambrosi Managing Principal
Mr. Ambrosi is President and Founder of ARC Properties, Inc., as well as Chairman and CEO of ARC Corporate Realty Trust., Inc., which is an unlisted real estate investment trust and member of NAREIT. Mr. Ambrosi has more than 25 years of experience in the acquisition, development and management of real estate projects internationally and has been responsible for the acquisition and development of more than 200 projects with an aggregate value in excess of $2 billion. He began his real estate career as a real estate investment analyst for the Mutual Life Insurance Company of New York. From 1976 to 1978, he was Vice President of Marcil Properties, Inc, a Canadian-based investment company that concentrated on the acquisition of U.S. real estate on behalf of foreign-based investors. Mr. Ambrosi has a Bachelor of Science degree in Engineering from the New Jersey Institute of Technology, a Masters degree in Finance from Rutgers University and a Senior Certificate in Real Estate from New York University. He is also a founding member of Franklin Bank and a member of the advisory board of the NJIT School of Architecture. Both he and ARC Properties, Inc., have received several prestigious industry awards including the 1991 ICSC Award for the Adaptation and Reuse of Historic Buildings, the 2001 National Phoenix Award by the Department of Environmental Protection for the redevelopment of a contaminated site, the 2003 Outstanding Lifetime Achievement Award from the New Jersey Institute of Technology, and was a finalist as the Year 2000 Ernst & Young Entrepreneur of the Year.
Marc Perel, CPA
Mr. Perel is Executive Vice President of ARC Properties, Inc., and ARC Corporate Realty Trust since 1985. From 1984 to 1985, Mr. Perel was employed by Secured Properties, Inc., a real estate investment company. From 1977 to 1984, Mr. Perel was with Zimmerman & Co., a certified public accounting firm, where he became head of the firm’s real estate department in 1980 and a partner in 1984. During that period, he was responsible for due diligence, property audits, investor reporting, tax planning and investment analysis. In addition to his accounting experience, Mr. Perel has experience in and continues to be involved with real estate development and property management. Mr. Perel has a Bachelor of Science degree in Accounting from Long Island University and is a Certified Public Accountant.
Harold B. Wheeler
Managing Principal
Mr. Wheeler is a co-founder of Wheeler Brothers, LLC, and Mid-Atlantic Associates, LLC, both real estate investment companies established in 1988. Mr. Wheeler has been involved in real estate acquisitions and development since 1984 and has participated in over 3-million square feet of transactions. Up until 1995, retail real estate transactions were the primary focus; however, since that time Mr. Wheeler has focused more heavily on large, urban mixed-use transactions in the New York to Washington corridor and south Florida. Mr. Wheeler graduated from George Washington University in Washington, D.C., with a degree in economics and pursued some graduate work in the same area. He is involved in many political circles and has served by appointment on the Mayor’s Economic Advisory Council for the District of Columbia. He is involved in many local charitable organizations including serving a term as fund raising Chairman for a major United Way organization in Washington, D.C., and in June of 2007 he was appointed to the Board of the Preservation Alliance of Greater Philadelphia.
William Wheeler
Mr. Wheeler together with Harold Wheeler, is co-founder of Wheeler Brothers, LLC, and Mid-Atlantic Associates. His primary responsibilities within these organizations were to oversee all of the entitlement, development and asset management functions since the company’s inception in 1988. Mr. Wheeler attended George Washington University where he studied Finance. He is involved in several social organizations including a term as Chairman of the local Cub Scouts in Philadelphia.
Roger D. Friedman
Mr. Friedman is former President of the Mallard Group where he was responsible for the development and sales of luxury single-family homes and condominiums in the greater Philadelphia area with sales in excess of $70 million per year. The company later expanded its operation to California and Florida. During that time he also served as the President of the Home Builders Association of Philadelphia and Suburban Counties. Mr. Friedman holds a Bachelor of Science Degree in Business Administration and attended both the University of Pennsylvania Real Estate School and the New York University Real Estate School for continuing education credits. He has also served on the Board of Directors of the American Heart Association and the Board of Directors of Big Brothers and Sisters.
Timothy E. Aho
Principal
Mr. Aho began his career in Southern California as a real estate economist with a firm that specialized in commercial and tourist-related development. His experience in recreational property development lead Mr. Aho to the hospitality industry where he held senior positions with such firms as Marriott, Interstate Hotels and Prime Hospitality. He has developed over 120 hotels, acquired both individual properties, entire chains and negotiated management agreements relative to all types of hospitality properties. More recently, he has shifted his focus to sourcing, evaluating and acquiring commercial real estate and development of residential and mixed-use projects primarily in the southeast. He has both a BA and MBA from Case Western Reserve University and was a candidate for a PhD in Economics from UCLA.
John Voneiff
Principal
Mr. Voneiff has been an operations manager and senior engineer in his own machine business since 1982. He joined ARCWheeler in 2004 to head up the southeast division of the company. As a lifelong Baltimore resident, Mr. Voneiff brings experience and relationships, particularly in the Baltimore-Washington market, to ARCWheeler for future growth. He has a degree in Chemistry from the University of Richmond and a BS in Engineering.
