Michael Jacobs, as President and Chief Operating Officer oversees the operations of the Company. In this role, he works closely with AVR’s in-house teams, external management companies, hotel brands, and partners to increase value across the AVR portfolio. In addition, he leads the firm’s financial operations, planning, and technology functions. During his tenure with AVR Realty Company, Michael has had a wide range of responsibilities including the acquisition, disposition, and asset management of properties nationwide including office buildings, shopping centers, hotels, and multifamily apartments. Michael is also actively involved in our new development projects centered on Long Island.

Michael previously worked within the real estate private equity industry where he was focused on executing real estate investments across various property types and geographies. Throughout his career Michael has completed over $1.5B in transactions across the country. Michael received his M.B.A. from the Stern School of Business at NYU where he was a Stern Scholar. He received a B.S. in Management from Binghamton University.

Lily Ann Marden

Lily Ann Marden, as Vice President – Head of Capital Markets secures the financing for AVR’s real estate portfolio. She has raised and closed over $3 billion of debt and preferred equity through a variety of sources including commercial banks, commercial mortgage-backed security lenders, insurance, and other financial institutions. Throughout her long career at AVR, she has overseen the structuring, marketing, negotiating, and closing of all loan transactions as well as on-going relationships with lenders and servicers. In addition, she shares responsibility in the oversight and structuring of major transactions as well as asset management. She also oversees tax certiorari proceedings, insurance risk management and employee benefits.

Lily Ann was previously on the real estate lending team at a major New York City bank and received her BA from the University of Massachusetts in Amherst and MBA from New York University.

Thomas F. Perna, P.E.

Tom Perna, as Director of Land Development, facilitates the planning and development of raw land for residential, commercial or industrial purposes. Tom is unparalleled in his ability to effectively navigate the increasingly complex field of environmental rules and regulations, approval and zoning processes necessary to successfully guide a project from initial site selection through the construction stage. An Engineer by trade, Tom began his career with AVR over 30 years ago and is presently overseeing projects in New York’s Hudson Valley and Long Island regions.