Our Team

Jonathan F.P. Rose

In 1989, Mr. Rose founded RUGF’s Controlling Entity, Rose Capital, a holding company for a network of real estate firms with a mission to make the landscape of opportunity more equal by undertaking revitalizing urban projects in partnership with government agencies, nonprofits, and community groups. Mr. Rose has played a primary role in the financing and development of over 50 green projects, totaling over $3.2B of project costs, resulting in the development of $3.4M SF of commercial real estate, and over 13,000 units of housing in LICs. His business, nonprofit and policy work all focus on creating Communities of Opportunity that lead to a more socially and economically responsible world. He is a Trustee of the Urban Land Institute, the Natural Resources Defense Council, and Enterprise Community Partners. His work has received widespread media attention from CNN to The New York Times and was profiled in a PBS series on sustainable development. Mr. Rose promotes NMTC financing as an incentive to leverage traditional and soft sources of funding. Rose Capital’s innovative development, planning, investment, construction, and preservation work has won awards from notable organizations including: National Trust for Historic Preservation, Global Green USA, the Urban Land Institute, and the American Institute of Architects. Mr. Rose graduated from Yale University in 1974 with a B.A. in Psychology and received a Master’s in Regional Planning from the University of Pennsylvania.

Mike Arman

As CFO of RUGF and the Controlling Entity, Rose Capital, Mike Arman oversees asset management activities including CDE budgeting, accounting, cash management, and auditing to confirm that procedures align with Rose Capital. Mr. Arman works with the RUGF team in capital raising and deal evaluation and he is a member of the RUGF Investment Committee.

Mr. Arman is CFO of RUGF’s Controlling Entity, as well as the firm’s Chief Compliance Officer. Prior to joining Rose Capital, Mr. Arman was CFO at Procida Funding, a private equity mortgage fund. Prior to Procida, Mr. Arman was a founding member and Managing Director of Hudson Realty Capital, where he served as CFO, managing the firm’s financial assets. Mr. Arman was also a founding member of Newbridge in 2001, one of the predecessor companies of Hudson Realty Capital. Prior to that, Mr. Arman was a VP at Credit Suisse First Bank (CSFB), where he was responsible for financial reporting, integrating information with internal support departments, maintaining 3rd party vendor relationships, and performing asset management duties. Prior to joining CSFB in 1998, Mr. Arman was a Portfolio Financial Manager for the J. E. Robert Companies. As Operational Manager for a regional residential Re/Max broker, Mr. Arman performed all company accounting and operational functions and assisted with the preparation of residential properties for sale. Mr. Arman began his career with Deloitte & Touche as a Staff Accountant, auditing real estate and brokerage firms. Mr. Arman received his M.B.A. from the University of Connecticut and his B.B.A. from Iona College. Mr. Arman is a Certified Public Accountant and a member of the AICPA.

Nina Rifkin

Nina Rifkin acts as an Accounting Manager and Compliance Officer for RUGF, Ms. Rifkin is responsible for RUGF’s compliance with the financial aspects of the NMTC program, including investor reporting, review of QLICB reports and CDFI Fund reporting. Ms. Rifkin’s tasks include CDE and Sub-CDE budgeting and analyses, accounting and auditing requirements, and tracking of community outcomes for TLR/ILR reporting.