Managing Principals

Josh Zegen

Managing Principal, Co-Founder

Mr. Zegen co-founded Madison Realty Capital in 2004 and is responsible for overseeing the origination and structuring of all of MRC's investment activities, as well as raising institutional capital and portfolio management. Since MRC's inception, Mr. Zegen has closed real estate transactions totaling in excess of $9.0 billion. At the firm, Mr. Zegen serves on several investment committees related to both the debt and equity platforms. Prior to founding MRC, he founded and was president of Alpine Commercial Capital, a mortgage advisory firm that successfully closed over $500 million in real estate financings. Prior to forming Alpine, Mr. Zegen was an investment banker in Salomon Smith Barney's financial sponsors/private equity group where he focused on leveraged buyouts, equity and debt financings, mergers and acquisitions and private placement transactions. He is a co-founder and board member of The New York Private Equity Network ("NYPEN"). Mr. Zegen graduated cum laude from Brandeis University with a Bachelor of Arts degree in economics.

Brian Shatz

Managing Principal, Co-Founder

Mr. Shatz co-founded Madison Realty Capital in 2004 and is responsible for structuring all of MRC's investments, risk and portfolio management, raising institutional capital, and asset management. Since MRC's inception, Mr. Shatz has closed real estate transactions totaling in excess of $9.0 billion. Mr. Shatz serves on several investment committees related to both the debt and equity platforms. Prior to co-founding MRC, he established Bluegrass Growth Fund Partners, LLC, a private investment fund which focused on investing in structured equity and debt investments for U.S. public companies. Mr. Shatz began his career at BlackRock where he worked closely with fixed income portfolio managers and developed institutional client relationships with some of the country's largest pension funds. Mr. Shatz graduated cum laude from Brandeis University with a Bachelor of Arts degree in economics.

Adam Tantleff

Managing Principal

Mr. Tantleff joined the firm in 2005 and is responsible for overseeing the raising of institutional capital as well as investor relations. Mr. Tantleff is responsible for raising institutional equity, both domestically and internationally, on behalf of MRC. These investors have consisted of sovereign wealth funds, public and corporate pension funds, insurance companies, union funds, endowments and foundations, family offices and high-net-worth individuals. Prior to joining MRC, Mr. Tantleff was an equity partner at Suffolk Capital Management, a multibillion-dollar institutional money manager. At the time of his departure from Suffolk Capital Management, Mr. Tantleff held the dual roles of senior equity research analyst and director of marketing where he dealt directly with the firm’s investors which were mainly Fortune 400 pension funds. Mr. Tantleff graduated from George Washington University with a Bachelor of Business Administration degree in small business management.

Team

David Speiser

Managing Director, General Counsel

Mr. Speiser joined the firm in 2012 and is responsible for the negotiation and execution of all firm investments, as well as overseeing the legal aspects of MRC's administration and organization. Prior to joining MRC, Mr. Speiser was a Senior Vice President at Related Companies, where he was responsible for overseeing legal affairs and operational matters for numerous transactions, including Related's 12 million square foot Hudson Yards development on the far West Side of Manhattan. Mr. Speiser earned a Bachelor of Arts degree, cum laude, from Binghamton University and a Juris Doctor degree from New York University School of Law, where he was a member of the Law Review.

Julie Breslin Furda

Managing Director, Chief Compliance Officer

Ms. Furda joined the firm in 2005 and is responsible for implementing the firm's overall compliance program and monitoring the day to day execution of policies and procedures which are necessary to ensure compliance with all federal and state securities laws and the firm's code of ethics. Ms. Furda also maintains contact with MRC's investors and clients on an ongoing basis and is tasked with monitoring client portfolios to ensure assets are invested in accordance with the Firm's investment guidelines and governing documents. In addition, Ms. Furda is responsible for internal operations. Prior to joining MRC, Ms. Furda worked for a wealth management firm, assisting high net worth individuals with their financial planning needs, through stocks, bonds, mutual funds and insurance products. Ms. Furda graduated from Columbia University with a Bachelor of Arts degree.

Greg Hersly

Managing Director, Chief Financial Officer

Mr. Hersly joined the firm in 2007 and is responsible for oversight of MRC's cash management function, leverage positions for all assets in the firm's portfolios, tax structuring, accounting and overall financial reporting. Mr. Hersly oversees all data for each asset in the firm's debt and equity portfolios, and the compilation of deal level and firm level performance metrics. Prior to joining MRC in December 2007, Mr. Hersly was managing director and chief operating officer of Alpine Commercial Capital, where he oversaw day-to-day operations and originated in excess of $500 million in commercial real estate loans during his three and a half years. He is a co-founder and is on the board of directors of NYPEN and NYPEN Real Estate. Mr. Hersly graduated from Cornell University with a Bachelor of Science degree in economics and business management.

Shea Taylor

Managing Director, Human Resources

Ms. Taylor joined the firm in 2016 and is Managing Director of Human Resources. She is responsible for the implementation and supervision of the Human Resource function for MRC's 60+ employees. Ms. Taylor has twenty years of Human Resources experience, having held senior level Human Resource roles at both SL Green Realty Corp. and Jones Lang LaSalle. She has achieved the following Professional Certifications: SPHR, CCP, and CBP. Ms. Taylor received her Bachelor of Arts degree from the University of Houston. 

Jay Heydt

Managing Director, Sales & Leasing

Mr. Heydt joined the firm in 2016 as Managing Director of Sales & Leasing. His role encompasses overseeing the firm's residential leasing portfolio, pricing, customer service, and brokerage relations. Mr. Heydt also assists with business development initiatives, including sourcing new deals, and JV opportunities. Prior to joining MRC, Mr. Heydt was Senior Managing Director for Citi Habitats, where he spent his entire 14 year career overseeing the largest division of the company including 200 agents, along with owner representation throughout NYC in the leasing execution of over 500 buildings. Mr. Heydt earned a Bachelor of Arts degree from University of Rhode Island's Harrington School of Communication and Media.

Aryeh Friedman

Originations & Acquisitions

Aryeh Friedman joined the firm in 2017 as Managing Director of Debt Originations & Acquisitions. He is responsible for sourcing new debt and equity opportunities, loan originations, purchasing of non-performing debt and the acquisition of development properties. Prior to joining MRC, Aryeh was a consultant for the Canada-based Romspen Investment Corp. where he was responsible for all investment opportunities along the East Coast of the United States. In his career as a lender, Aryeh has sourced and closed over $2 billion in debt transactions across the country. Mr. Friedman received his B.A. degree from Yeshiva University and his Master of Science degree in Real Estate from New York University.

Raphael Chejade-Bloom

Senior Vice President, Marketing

Mr. Chejade-Bloom joined the firm in 2018 as Senior Vice President of Marketing. He oversees strategic planning and implementation of MRC’s corporate marketing, events, and business development initiatives. He manages external agencies, including digital marketing, creative, government relations and PR, ensuring measurable results for the vertically integrated portfolio. Mr. Chejade-Bloom also manages special projects for the firm, including enterprise-level technology solutions and operations. Previously, as Managing Partner at Gerber Group, he oversaw the expansion of the company’s global portfolio of innovative dining concepts, lounges, and bars, before joining The Marketing Directors, a new development advisory firm, as Vice President of Corporate Strategy. Mr. Chejade-Bloom earned a Bachelor of Arts degree in Public Communication from American University.

Allen Konstam

Director, Design & Development

Mr. Konstam joined the firm in 2017 as Director of Design & Development. He oversees MRC’s extensive residential portfolio, as well as supervising the continued development and design of MRC’s ground up construction and value add properties. During his 15 years in the construction industry, Mr. Konstam has held various positions, including Director of Development for Heritage Equity Partners, responsible for building roughly 1 million square feet, as well as zoning and code consulting for well-known commercial properties, among them Madison Square Garden, 56 Leonard, and the International Gem Tower. Mr. Konstam received his Bachelor of Science degree from Touro College.

Katie Scallon

Director, Design & Development

Ms. Scallon joined the firm in 2016 as Director, Design & Development specializing in the planning and execution of complex, value-add commercial development projects. Prior to joining MRC, Ms. Scallon held several senior positions at Jamestown, most recently serving as Senior Vice President, Development at the 6 million square foot Industry City campus in Sunset Park, Brooklyn and as Property CEO for the 1.4 million square foot Innovation and Design Building redevelopment in Boston’s Seaport District. Before joining Jamestown, Ms. Scallon managed the $30 million New York Healthy Food Fund at Low Income Investment Fund; the FRESH zoning and tax incentive program at the New York City Economic Development Corporation; and a variety of projects at Selldorf Architects. Ms. Scallon received an M.S. in Real Estate Development from Columbia University and a B.S. in Architecture with honors from Arizona State University. Ms. Scallon is a Licensed Real Estate Broker in New York State and a LEED Accredited Professional.

Shoshana Carmel Liss

Director, Operations

Ms. Carmel Liss joined the firm in 2006 and is responsible for servicing all the assets in the firm's debt portfolios, assisting in cash management, and serving as a liaison to MRC's various leverage providers. In addition, Ms. Carmel Liss works with MRC's third-party administrator and accountants on financial reporting and assists in the preparation of the firm's financial statements. She manages the closing process for all new transactions, as well as various activities relating to post-closing maintenance. Prior to joining MRC, Ms. Carmel Liss worked in the Operations and Management group for a mortgage lender offering both residential and commercial loans. Ms. Carmel Liss graduated Summa Cum Laude from Yeshiva University, Sy Syms School of Business with a Bachelor of Science degree in Finance.

Siobhan O'Sullivan

Director, Loan Servicing

Ms. O’Sullivan joined the firm as Director, Loan Servicing in 2017, specializing in the optimization of policies and procedures for technical due diligence on development projects. She ensures that all transactions meet or exceed industry standards, including loan documents, as well as credit and compliance requirements with borrowers and leverage providers. Ms. O’Sullivan has over twenty years of asset management experience with MidFirst Bank, Eurohypo AG, Credit Lyonnais and Chase Manhattan, specializing in technical services, and construction loan administration. Ms. O’Sullivan received her Bachelor of Arts degree from St. Thomas Aquinas College. She is a member of the Real Estate Lenders Association.

Marc Zegen

Originations & Acquisitions

Mr. Zegen joined the firm in August of 2007 and is a Vice President of Debt Originations & Acquisitions. He is responsible for the sourcing of new debt and equity opportunities, loan originations, purchasing of non-performing debt, and the acquisition of development properties. Since joining the firm, Mr. Zegen has sourced and closed over $2 billion in debt transactions as well as over $500 million in property acquisitions. Mr. Zegen also assists in asset management of properties that the firm owns outside the NY area. Prior to joining MRC, Mr. Zegen worked at Buildcorp Australia Development, a Sydney, Australia based condominium developer. Among other industry recognitions, Mr. Zegen has been named to Commercial Observer’s 25 Under 35: The Lenders and Debt Brokers To Watch. Mr. Zegen received his Bachelor of Arts degree from Brandeis University.

Mark Gormley

Vice President

Mr. Gormley joined the firm in 2012 and is a Vice President of Acquisitions, Underwriting and Asset Management. He is responsible for sourcing, negotiating, and structuring transactions. Since joining MRC, Mr. Gormley has closed over $5 billion in new debt and equity transactions. Mr. Gormley also assists in asset management, financing, and disposition of debt and equity transactions in the firm’s portfolio across the United States. Prior to joining MRC, Mr. Gormley worked with a New York City-based real estate economist focused on CMBS research. Mr. Gormley received his Bachelor of Arts degree with a concentration in Economics from Brown University.

David Baharestani

Vice President

Mr. Baharestani joined the firm in 2014 and is a Vice President of Acquisitions, Underwriting and Asset Management. He is responsible for sourcing, negotiating, and structuring transactions. During his career with MRC, Mr. Baharestani has led the evaluation and execution of over $1.3 billion in debt transactions, and over $450 million in property acquisitions. Prior to MRC, Mr. Baharestani worked at Spring Hill Capital Partners for 5 years, where he was involved in $1.4 billion of CMBS investments, and in the real estate group at Lehman Brothers. Mr. Baharestani received a Masters in Business Administration from the Leonard N. Stern School of Business at New York University and a Bachelor of Arts degree from Wesleyan University.

Mark Simon

Originations & Acquisitions

Mr. Simon joined the firm in 2012 and is a Vice President of Debt Originations & Acquisitions. He is responsible for the sourcing of new debt and equity opportunities, loan originations, purchasing of non-performing debt, and the acquisition of development properties. Mr. Simon is a member of ICSC, Mortgage Banker’s Association, National Multifamily Housing Council, and CRE Finance Council. Prior to joining MRC, Mr. Simon held positions with Thor Equities and Fortuna Realty Group. Mr. Simon received his BBA from George Washington University.

Bradley Ross

Originations & Acquisitions

Mr. Ross joined the firm in 2018 and is a Vice President of Debt Originations & Acquisitions for the firm's first West Coast based location. He is responsible for the sourcing of new debt and equity opportunities, loan originations, purchasing of non-performing debt, and the acquisition of development properties. Mr. Ross has over a decade of experience sourcing and underwriting real estate investment and lending opportunities nationwide, including senior, mezzanine, and structured bridge debt financing. Prior to joining MRC, he served as a senior originator at Calmwater Capital, a real estate debt fund. He also spent three years at their parent company Karlin Real Estate, an opportunistic investment firm operating on behalf of a high net worth family office. Mr. Ross sits on the Board of the UCLA Real Estate Alumni Group and the Los Angeles Mortgage Association and was elected as one of Southern California's "Tomorrow's Leaders" by Real Estate Forum Magazine. Mr. Ross is a graduate of the University of Michigan (B.A.) and the UCLA Anderson School of Management (M.B.A.), and is a licensed California real estate broker.

Ben Kramer

Vice President, Finance & Accounting

Mr. Kramer joined the firm in 2014 after having been employed with Ernst & Young and WeiserMazars. His responsibilities at MRC include assisting in the oversight and process of the accounting functions for all equity and debt deals across the firm, general oversight of REIT compliance, reporting and testing, assisting in deal structuring to minimize potential tax consequences, and reviewing and approving all tax returns. Mr. Kramer is a New York State Certified Public Accountant. Mr. Kramer received his Masters in Taxation from St. John's University and graduated from Touro College with a Bachelor of Science in Accounting.

Ricky Braha

Originations & Acquisitions

Mr. Braha joined the firm in 2015 and is a Vice President of Debt Originations & Acquisitions. He is responsible for the sourcing of new debt and equity opportunities, loan originations, purchasing of non-performing debt, and the acquisition of development properties. Mr. Braha also assists with commercial and retail leasing for MRC’s equity portfolio. Prior to MRC, Mr. Braha lead acquisitions and leasing for JTRE Holdings; which accumulated approximately $100MM of retail focused assets. Mr. Braha received his Bachelor of Arts degree from Florida International University.

Aidan Brownlie

Design & Development

Mr. Brownlie joined the firm in 2014 as a Senior Project Manager of Design & Development. He focuses on MRC’s Manhattan condominium portfolio and is involved in all phases of the development process including entitlement, design, permitting, construction, cost reporting and analysis, oversight of marketing and sales, and liaising with buyers and owners during construction and through to occupancy. In his first four years with the firm, Mr. Brownlie has successfully delivered over $120M of condo sales. Prior to joining the firm, Mr. Brownlie worked for Macklowe Properties and AEC Engineering. Mr. Brownlie received a Bachelor of Engineering degree from McGill University and holds an E.I.T. certification.

Zach Kadden

Design & Development

Mr. Kadden joined the firm in 2015 as a Project Manager of Design & Development. He focuses on MRC’s adaptive reuse commercial development projects as well as ground up developments, which include mixed-use and mixed-income components. Mr. Kadden’s experience and education span real estate development, design, construction, legal, land use planning and policy. Mr. Kadden earned a Bachelor of Arts degree from the University of Michigan and a Juris Doctor degree from Benjamin N. Cardozo School of Law. He is a member of the New York State Bar.