Arthur Falcone Americrest Real Estate Group

Arthur Falcone - Americrest Real Estate Group

Title Managing Partner & Director- Other Titles Held CEO & Co-Chairman, Falcone Group CEO, Miami Worldcenter Group

Fields/Specialties -Residential & Commercial Development, Land Acquisition, Repositioning, Financing

Arthur Falcone has over 30 years of executive experience and a proven track record of success. Mr. Falcone brings tested leadership, an entrepreneurial spirit and unparalleled expertise of all components of real estate to his role overseeing the Americrest Real Estate Group (AREG). His diverse and extensive experience in analyzing, purchasing, financing, developing and managing all real estate product types makes him the perfect person to lead AREG's unique and comprehensive service platform.

Mr. Falcone also serves as Chief Executive Officer and Chairman of the Falcone Group, a vertically integrated real estate and land development organization. Mr. Falcone has successfully established the group as an internationally-recognized real estate corporation with over 30,000 residential lots developed and over one billion dollars in sales.

Mr. Falcone began his business more than 30 years ago, investing in fast food, hotels and health clubs in New York State, and at the age of 22 he became the youngest operator of a McDonald's franchise. He quickly became the owner of more than 100 McDonald's, Wendy's and other family-style restaurants throughout New York, Florida and California as well as the owner of a New York Days Inn Hotel. In 1986, Falcone partnered with his brothers, Robert and Edward, to form the homebuilding and land development companies, Transeastern Homes and Transeastern Properties. Transeastern began purchasing residential and mixed-use properties from distressed and bankrupt sellers and capitalizing on foreclosures against distressed housing debt brought on by the national recession in the late 1980's and early 1990's. As the economy rebounded, this asset base fueled Transeastern's growth, and within 15 years Transeastern had become the largest private homebuilder in the state of Florida and one of the top 25 homebuilders in the United States. In 2005, as they saw the homebuilding market peaking, the brothers sold Transeastern to Technical Olympic USA (TOUSA) in one of the largest private transactions in the history of homebuilding. Under Mr. Falcone's leadership the group also recently completed the sale of Century Communications - its fullservice TV, internet, alarm and communications company - for $25 million.

Other substantive holdings and development projects include a $500 million distressed equity fund which is currently buying distressed United States homebuilding companies at a fraction of prior valuations; Miami Worldcenter, an 18 million square foot, mixed-use, masterplanned development in Miami, FL; and Two Liberty Place, a 1.2 million square foot mixed-use, office and residential tower in Philadelphia, PA.

Mr. Falcone serves on the Board of Directors for Nova Southeastern University and was inducted into the school's Entrepreneur Hall of Fame in 2006. He also serves on the Crohn's and Colitis National Foundation as well as the SOS Children's Villages Florida Board of Directors.

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