New York Community and Business Updates for the Week of December 19, 2025

New York Community and Business Updates for the Week of December 19, 2025
New York Community and Business Updates for the Week of December 19, 2025

**New York People and Company News – Week of December 19, 2025**

**ACRE Launches Wealth Solutions Platform**
ACRE, a leading vertically integrated residential real estate investment firm, has launched ACRE Wealth Solutions—a new platform designed to support registered investment advisors (RIAs), family offices, financial advisors, and their clients. Emily Conte has been appointed as Managing Director and Head of Global Wealth Solutions. In this newly created role, she will lead ACRE’s efforts to serve the wealth management channel.

**Arrow Real Estate Advisors Expands Team**
Arrow Real Estate Advisors has appointed Michael Weinreb as Director. His hiring supports Arrow’s continued growth in the multifamily and investment sales sectors throughout New Jersey and the broader Northeast.

**Cresa Adds Experienced Brokers from Lee & Associates NYC**
Cresa, a global leader in occupier-focused commercial real estate services, has brought on Kenneth Salzman, SIOR, MSRE, and Seth Rosen as Principal and Vice President, respectively. Salzman brings over 20 years of experience advising corporations, institutions, and nonprofits across North America, while Rosen joins with an 11-year background in commercial real estate, following a career in financial services.

**Executive Move at Essential Properties Realty Trust**
Essential Properties Realty Trust, Inc. has named Robert W. Salisbury, CFA, as Executive Vice President and Chief Financial Officer, effective January 1, 2026. He will succeed outgoing CFO Mark Patten, who is departing to pursue a new professional opportunity. Salisbury is currently a Senior Vice President within the company’s finance department and formerly served as SVP and Director of Research at Almanac Realty Investors.

**Maplewood Senior Living Names Co-CEOs**
Maplewood Senior Living has promoted longtime partners Shane Herlet and Tom Gaston to Co-Chief Executive Officers. Herlet previously served as Chief Operating Officer, while Gaston held the position of Chief Investment Officer.

**Hudson Companies Appoints Ellen Kackmann as Principal**
The Hudson Companies has appointed Ellen Kackmann as Principal and Co-Head of Development. In her new role, Kackmann will oversee the firm’s affordable housing portfolio and serve on the company’s Leadership Committee. She will focus on developing and implementing best-in-class standards and practices for Hudson’s development operations.

**Christopher Stuckey Joins International Finance Bank in New York**
International Finance Bank (IFB) has welcomed Christopher Stuckey as Vice President – Private Residential Lender in its New York office. Stuckey previously worked at First Horizon Bank, where he developed custom lending solutions for high-net-worth clients in collaboration with wealth management teams.

**Willets Point Affordable Housing Lottery Opens**
Queens Development Group (QDG)—a partnership between Related Companies and Sterling Equities—in collaboration with the NYC Department of Housing Preservation & Development (HPD) and the NYC Housing Development Corporation (HDC), has launched the affordable housing lottery for 880 new homes at Willets Point Commons in Queens. The homes, located in the first two buildings of the development, span from studios to three-bedroom units and cater to households earning between 30% and 120% of the area median income. A portion of the public green space will also open as part of this initial phase.

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