Chairman AND CO-FOUNDER
Michael Dennis is the Chairman of Co-Founder of Azure and is involved on all aspects of Azure’s operations. Mr. Dennis is a commercial developer with more than 40 years of experience. He is currently the CEO of Azure Developments which owns and has developed properties in Canada, the United Kingdom and Germany. These projects include the 300,000 square foot Festival Hall retail complex in Toronto, 450,000 square foot Broadgate West office development in London, 200,000 square foot 43 Neuer Wall retail and office complex in Hamburg and the 250 acre business park Brandenburg, Germany.
He is the former CEO of Canary Wharf in London, the largest private development project in the world where Mr. Dennis oversaw all planning, construction, leasing and financing of the project. Today, Canary Wharf is comprised of approximately 14.1 million square feet of office and retail space in which over 90,000 people work daily. Prior to that, he was the Executive Vice President at Olympia & York responsible for all development in the United States most notably, the development of the World Financial Center in lower Manhattan where Mr. Dennis led all aspects of development for the project. Mr. Dennis has also served as Chairman of the Canadian Government Housing Task Force and Commissioner of Housing for the City of Toronto where he was responsible for the development of thousands of apartment units.
CEO and Co-Founder
Mr. Rosenberg is the CEO and Co-Founder of Azure. He oversees the company’s operations and is actively involved in all aspects of asset management, acquisitions, dispositions and investor relations. Prior to forming Azure, Mr. Rosenberg was a Director at Marathon Asset Management’s Real Estate Opportunity Fund. Marathon is a $10 billion global investment management firm with over $3 billion invested in real estate debt and equity. At Marathon, Mr. Rosenberg was responsible for North American and Western European investment opportunities where he was directly responsible for the purchase of over $4 billion of property. Prior to joining Marathon in 2004, Mr. Rosenberg was an investment analyst dedicated to acquisition and development transactions for Sienna Capital, an investment firm set up as a joint venture with Goldman Sachs’ Whitehall Street Real Estate Funds.
Mr. Rosenberg’s investments to date include common equity, preferred equity, mezzanine financing, and controlling debt real estate projects in the US and Western Europe. Mr. Rosenberg has invested in ground up development, conversions and existing assets in the multi-family, office, condominium, hotel, retail, parking, homebuilding and land sectors.
Chief Financial Officer
Mrs. Papalia is a Certified Public Accountant licensed in the State of New York and is the CFO of Azure responsible for the review and oversight of all accounting and financial reporting and related operations. Mrs. Papalia is also involved in budgeting and asset management oversight.
Prior to joining Azure, Mrs. Papalia was the Director of Accounting at Marathon Asset Management, overseeing all of the Marathon onshore and offshore funds. At Marathon, Mrs. Papalia was primarily responsible for the monthly and annual financial statements, review of tax filings, and accounting controls for the funds. Additionally, Mrs. Papalia was the Controller of the Marathon Singapore, London, and Hong Kong management company offices. Prior to joining Marathon in 2005, Mrs. Papalia spent six years with Deloitte & Touche LLP's audit department where her clients ranged from brokers and dealers in securities, banks, real estate ventures and funds.
Mr. Ferber joined Azure in 2010 and has since been directly involved in the acquisition of more than $1 Billion in real estate assets. Mr. Ferber is head of acquisitions and is also actively involved in all day-to-day operations including overseeing asset management, budgeting and executing business plans, dispositions and financings.
Prior to joining Azure, Mr. Ferber spent four years at Transwestern where he was directly involved in more than $2 Billion of acquisition, disposition, debt and equity transactions. At Transwestern, Mr. Ferber’s responsibilities included sourcing opportunities, underwriting, performing financial modeling and analysis, conducting due diligence and maintaining client relationships. Prior to joining Transwestern in 2005, Mr. Ferber acted as a Project Manager and aided with acquisitions and developments with his family’s business, Ferber Properties, a small development company in San Diego.
Mr. Cautero joined Azure in 2014 as an Associate. His responsibilities include daily asset management and analysis and sourcing new acquisitions. Prior to joining Azure, Mr. Cautero was an Acquisitions Analyst at Magnolia Development, a real estate development firm located in Northern New Jersey. At Magnolia, Mr. Cautero's responsibilities included sourcing new opportunities within the firms parameters, underwriting, and asset management of firms existing portfolio. Prior to joining Magnolia, Mr. Cautero was an Acquisitions Associate at Silverstone Property Group located in New York City. Mr. Cautero's responsibilities at Silverstone included sourcing new opportunities, underwriting, and performing financial analysis.
Mr. Raggio joined Azure in 2015 as an Associate and is focused on the asset management of Azure’s portfolio and acquisitions. Prior to joining Azure, Mr. Raggio was an Analyst at Kushner Companies, a New York City based real estate development company. At Kushner, Mr. Raggio's responsibilities included sourcing and underwriting new acquisitions, the asset management of existing assets within the firm's portfolio, and project management duties for the firms various construction projects throughout the tri-state area. Prior to Kushner, Mr. Raggio was an Acquisitions Analyst at Property Group Partners located in New York City. At Property Group Partners, Mr. Raggio focused on the underwriting and acquisition of office and retail deals in the New York City and Washington D.C. Metro areas.
Mrs. Perrault is part of the Accounting group at Azure supporting the CFO and has over 19 years experience in the financial services industry. Prior to joining Azure, Mrs. Perrault was the Team Leader for the Asset Transfer Department at AXA Advisors New York, NY. Mrs. Perrault’s primary responsibilities included expediting the account transfer process for AXA and external customers, monitoring all incoming transfers from the AXA annuity platform and outgoing AXA Advisors transfers, and providing research support.
Prior to joining AXA Advisors, Mrs. Perrault was the Transfer of Assets Supervisor at MONY Securities Corporation where she managed a staff of eight people.