Arcturus is comprised of a seasoned team of individuals with extensive experience across the various real estate asset classes, including senior investment professionals, asset managers, analysts, and property operations personnel. The firm is led by managing principals Jon Mayblum and Ross Satterwhite, who collectively have over 50 years of experience acquiring, financing, and operating U.S. real estate.



Jonathan Mayblum

Jon Mayblum’s expertise includes managing a team of senior real estate professionals applying a hands-on approach to analyzing and resolving clients’ issues.


Working with companies burdened by underperforming assets and portfolios, Jon collaborates with management to maximize asset performance and value. He applies his business and legal background to provide strategic advice to all stakeholders, including debtors and creditors, in complex and distressed situations. He has substantial expertise in management, operations, negotiations, and structuring complex real estate projects.

Before forming Arcturus, Jonathan spent 18 years with the Ruben Companies (formerly Lawrence Ruben Co.) the last ten years of which he served as President. As President, he oversaw more than 7 million square feet of prime commercial and residential properties in New York, Washington, D.C., and Boston. Jonathan was responsible for the day-to-day operations of the business, which included managing a team of over 50 professionals, including leasing, construction, operations, and financial professionals. He structured numerous joint ventures and investments with leading institutions, including Goldman Sachs, Cerberus Capital Management, Soros Fund Management, Vornado Realty Trust and Related Companies.

Among his many accomplishments, Jon was a co-founder of Workspeed Holdings, LLC, the leading provider of web-based workflow solutions which are in use in over 200 million square feet of commercial real estate throughout the United States. Customers include CB Richard Ellis, SL Green, Maguire Properties, and Macklowe Properties.

Jon graduated summa cum laude from Goizueta Business School – Emory University and Cornell Law School.


Ross Satterwhite

Ross Satterwhite’s expertise includes working with clients on deal structuring, negotiations, underwriting, and finance, as well as issues related to corporate management of real estate companies.


Ross has led over $10 billion of investment activity, including properties, portfolios, existing joint-ventures, fund-level partnerships, and public and private operating companies. He has been involved in the financing and restructuring of over $5 billion of debt, participated in public company mergers, managed a portfolio of real estate related venture capital investments, and helped develop two substantial real estate operating platforms.

He has worked with and advised institutional owners, foreign investors, public and private REITs, and high net-worth investors on property acquisitions and dispositions, valuations, loan restructurings, capital raising, joint venture formation, new development, and asset repositioning. He also has public company experience including mergers and acquisitions, compensation structuring, investor relations, SEC compliance, and corporate governance activities.

Earlier in his career, Ross served as Senior Vice President of Investments for Equity Office Properties and was a member of its management committee where he helped build and lead a team responsible for setting and implementing the firm’s investment strategy, and originate, structure and close over $4 billion of real estate transactions. He was also a founding partner of Callahan Capital Partners, served as Head of North America for Macquarie Office Trust, and started off his real estate career with Citicorp in its corporate finance group. Ross currently sits on the board of two U.S. multifamily investment funds with assets in excess of $2 billion.

Ross is a graduate of Colorado College (B.A.) and the University of Michigan (MBA).

Key Executives

Arcturus Chris Adelman

Chris has specific expertise as an operating and transactional executive overseeing the US and global expansion, through internal and external teams and stakeholders, of world recognized brands. He has identified and financed opportunities, structured and negotiated operating partnerships, joint ventures and other alliances and built and overseen best in class operating and development teams for real estate focused businesses. Sectors have included TMT, investments, real estate and leisure and hospitality. He has worked in Europe, Asia, Middle East and Americas with government officials, significant partners and other third parties. He has overseen the deployment of over $1.5 Billion in capital spending and the creation of businesses with over 6 Million square feet of real estate. In addition to leading growth businesses, he has reengineered operating companies as well as put in place disposition and value maximization strategies for companies, real estate and other asset classes.

Before joining Arcturus, Chris has been an advisor in a number of businesses, including large real estate multi-use developments, live event venue transactions and various early stage companies.

Chris was Executive Vice President of Live Nation. He oversaw various aspects of the company’s business development for North America, including real estate and new venue identification and structuring, mergers and acquisitions and structuring various partnerships with professional sports teams and casino operators. He oversaw the real estate integration of the Live Nation-Ticketmaster merger.

Before Live Nation, Chris had his own advisory business, advising operating investors as well as operating companies in TMT, leisure and hospitality and real estate. Clients included Onex Capital, Tudor Capital, GE Capital, the Dubai government, Live Nation, Clarity Partners, AIG Capital, Loews Cineplex and Yo Sushi.

Chris was the Executive Vice Warner Brother International Theaters, the leading, state of the art multiplex cinema operator in the world. With the CEO, he oversaw aspects of operations and P&L responsibility, identifying, starting and managing joint venture businesses (also as board member) in Spain, Italy, Japan, Portugal, Taiwan, England, Denmark, China and Germany. During his tenure, the company grew from 300 to over 1,200 screens.

Previous to Warner Brothers, Chris ran worldwide business development for the Hard Rock Café, worked in corporate finance at Bankers Trust in Europe, was a management consultant focused on privatizing businesses in Eastern Europe and worked in business development, corporate treasury and investor relations for Lorimar-Telepictures leading to its merger with Warner Brothers in 1989.

He graduated with Highest Honors from Hobart College and has an M.B.A. from UCLA. Chris is an Emmy-nominated composer and winner of a Thomas Watson fellowship.

Arcturus Michael Denis

Michael Denis oversees the execution of Arcturus’s advisory engagements and investment management activities. His broad expertise spans all property types throughout the U.S. and includes transaction sourcing and execution, underwriting and investment analysis, and due diligence of existing portfolios and potential new transactions. He advises high net worth and institutional clients seeking to formulate investment strategies and make new investments, address issues with existing assets/portfolios, and restructure/generate liquidity in complex situations.

Prior to joining Arcturus in 2011, Michael worked at a Washington D.C. based private investment and development firm where he underwrote and executed new acquisitions and development transactions, structured joint ventures, oversaw value-creation plans, and helped build out the company’s property management and general contracting affiliates.

Michael is an officer of a private charitable foundation and holds a Bachelor of Arts from the University of Virginia.


Chris Forero’s expertise includes working with clients on deal structuring, underwriting and finance, as well as issues related to corporate management of real estate companies.  He has worked with and advised institutional owners, foreign investors, development companies, public REITs, and high net-worth investors on property acquisitions and dispositions, valuations, capital raising, joint venture formation, new development, and asset repositioning. He also has public company experience including portfolio and property acquisitions, debt and equity raising.

Before joining Arcturus, Chris worked on a variety of multifamily development projects (rental and for-sale) with New Boston Fund and Altman Development Companies.  Chris worked with development teams to put together development analyses and worked with regional banks and a variety of potential investors to obtain debt/equity financing.  Additionally, Chris led efforts to analyze a variety of asset management scenarios to determine future capital needs.

Earlier in his career, Chris worked in the Real Estate Investment Banking Division at Citigroup where he completed a variety of transactions for their top client, New Plan Excel Realty Trust, which included two portfolio acquisitions totaling $1 billion, $150 million equity raise and $250 million debt issuance among other corporate advisory assignments.  After two years of capital advisory to New Plan Excel, Chris joined their Acquisitions team where he underwrote and acquired over $500 million of neighborhood and community shopping centers.

Chris graduated from the Goizueta Business School at Emory University.

Arcturus Eli Kramer

Eli Kramer


Mr. Kramer’s expertise is based on his experience as a principal in real estate development companies since 1976, constructing over 6,000 units of housing in addition to developing retail and office properties. His expertise includes a deep knowledge of the legal and business issues related to the acquisition and entitlement of residential units; infrastructure development; construction; sales and marketing; zoning issues; and property management.

He has advised clients on projects in various stages of development and utilized his skills working with local government agencies to obtain and maintain entitlements, develop project repositioning plans, and devise sales and marketing programs.

Mr. Kramer and the multi-family team have provided strategic advice to clients on over 3,000 multi-family units, and have developed over 15,000 multi-family housing units. In addition they have managed thousands of rental units and numerous condominium associations. In connection with their residential development projects, Mr. Kramer’s team was directly responsible for the financing activities, arranging in excess of $1.5 billion in financing for both construction and permanent loans.

Mr. Kramer serves on the Board of Directors of Sun National Bancorp (NASDAQ-SNBC), Vineland, NJ. As a Board member, he also serves on the Executive, Audit and Compensation Committees as well as the Chairman of the Independent Directors.

Mr. Kramer received a Bachelor of Science degree in Management Science from Stevens Institute of Technology, Hoboken, NJ.

Jonathan Martin

Jonathan Martin


Jonathan Martin is a lifelong hospitality real estate executive with proven expertise in strategic investing and maximizing value of premium real estate assets throughout the hospitality property cycle. Before joining Arcturus Jonathan was the Principal & Co-founder of Anfield Hotel Advisors LLC (“Anfield”), a privately held real estate investment firm with focus on creating value for investors in the hotel space.

Throughout his career, Jonathan has displayed a strong record of increasing revenues and controlling costs in complex, global, and multiple site operations. He has been recognized for collaborative and creative leadership abilities and extensive relationships with key influencers across the hospitality industry while maintaining a deep institutional market knowledge on a national basis that has anticipated change in the value of assets for early investment decision-making.

Prior to founding Anfield Jonathan was Vice President, Hospitality Asset and Investment Management, at AEW Capital Management’s (“AEW”) Partners Funds group for over eleven years. AEW is a global real estate investment management company, which has $78 billion worth of assets under management globally. While at AEW he was responsible for originating, underwriting, structuring, closing, and asset managing over $1 billion of the fund’s hospitality assets including independent, Hilton, Starwood, Marriott, and IHG branded hotels in the U.S.

Before joining AEW in 2007, Jonathan served as Director of Real Estate for Fairmont Raffles Hotels International (FRHI) in Toronto, Canada. At FRHI Jonathan was responsible for servicing disposition needs of the corporate real estate team.

Following the acquisition of Fairmont Hotels & Resorts by Colony Capital and Kingdom Hotels International in 2006, Jonathan managed the due diligence processes to enable sale of numerous Fairmont Hotels & Resorts’ owned real estate assets.

Dispositions were valued at over CDN$2.5 bn.

From an operational perspective, Jonathan has over 15 years of senior hotel operations experience with FRHI, The Ritz Carlton Hotel Company, and an independent luxury property in Ireland.

Mr. Martin is a graduate of University of London (B.S.) and Northeastern University (MBA) and has dual Irish and U.S. citizenship.

Arcturus Fred Moseman

Fred Mosesman


Mr. Mosesman’s expertise in residential development expertise includes entitlement issues, project and market due diligence, construction, and operations. Mr. Mosesman has applied his skills on behalf of clients in determining governmental requirements, analyzing market trends and competition, assessing horizontal infrastructure improvements, and assembling and managing development teams to execute strategic plans.

Mr. Mosesman has been in the residential real estate development industry for the last 29 years. His expertise includes operations, management, acquisitions, zoning/entitlements, residential construction, sales and marketing.

From 1999 to 2007, Mr. Mosesman was the Executive Vice President and Chief Operating Officer for the New Jersey Division of D.R. Horton (NYSE: DHI), one of the nation’s largest residential home builders. In this capacity, Mr. Mosesman was responsible for the day-to-day operations of the division.

Mr. Mosesman has been responsible for the development of thousands of residential homes, which include mid-rise condominiums, townhomes, and single family homes, in the New York, New Jersey and Pennsylvania area.

Mr. Mosesman currently serves as a code committee member for The New Jersey Home Builders Association. This committee is responsible for the review and recommendation for all building codes adopted by New Jersey Department of Community Affairs.

Mr. Mosesman also currently serves as a Board of Director and Treasurer for the Manalapan Community Center Committee, a nonprofit corporation involved in the fund raising and future construction of a community teen center for the township of Manalapan.

Mr. Mosesman received his Bachelor of Science degree in Accounting from Brooklyn College, Brooklyn, New York.

Jamie Selonick

Jamie Selonick


Jamie Selonick has over 30 years of experience developing, re-developing and operating retail properties. He has been involved in all aspects of design, entitlement, construction, and leasing of more than 4 million square feet of new and renovated space. Jamie has also evaluated and devised operating and leasing strategies for retail centers in the process of being repositioned.

During the course of his career, Jamie developed a number of large, regional malls with multiple department store anchors. In developing these projects, he has been responsible for spearheading multi-year processes to obtain permits and approvals, in the face of strong local opposition; negotiating anchor store agreements; and taking P&L responsibility for design, construction and leasing. Several of the projects involved high levels of complexity – notably the vertical expansion of an active, 1 million sf, enclosed mall and, in advance of construction of a new project, remediation of a heavily contaminated brownfield site.

Prior to joining Arcturus, Jamie had significant tenure at Cadillac Fairview, Corporate Property Investors and The Related Companies.

Jamie graduated from the University of Rochester and received an MBA from Northeastern University.

Arcturus Al Whitehouse

Al Whitehouse


Al has more than 30 years of hospitality experience with significant expertise in the areas of developing business plans, acquisition, development, operations, capital renovations, rebranding, expansions and hotel management. He has advised clients on multiple hotel portfolios that have included select service hotels, independent luxury branded properties and full-service hotels across the United States. He has also worked with lenders and special servicers, lead consulting efforts for clients with troubled loan portfolios, provided strategies for workouts and completing capital projects, rebranding, expansions and sale strategies.

He has worked for several management companies, operating hotels as a general manager, regional multi-property manager and as chief operating officer with full portfolio responsibility for 50 properties. His hospitality real estate experience has included working with international private equity firms and family offices in the acquisition and management of hundreds of hotels. In his hospitality real estate acquisition roles, he was responsible for identifying opportunities, securing equity and debt for the transaction, completing all aspects of underwriting, negotiations with partners and sellers, transaction closing and takeover of properties.

Before joining Arcturus, Al was Principal and Co-Founder of Anfield Hotel Advisors, LLC with Jonathan Martin. Prior to co-founding Anfield Hotel Advisors, Al was Principal of Acquisitions at Sage Hospitality where he focused on acquiring value add hotel opportunities and new management contracts helping Sage grow their portfolio. He was responsible for acquiring multiple portfolios of select service hotels, independent luxury branded properties and branded full-service hotels throughout the United States. Prior to Sage, Al served as Chief Investment Officer for Dallas’ Prism Hotels & Resorts, managing a team responsible for all business development including acquisitions, new management contracts, and consulting services.

Al received a Bachelor of Science in Hotel Administration from Cornell University and an MS Information Systems from the University of Denver.