As a key management team member of Carl Marks Advisors, with deep restructuring and reorganization expertise, Mr. Claster has held interim executive management roles and served as a financial and restructuring advisor for many client companies. In these roles, he has been involved with numerous in and out of court restructurings, capital raises, and M&A transactions. Mr. Claster also serves as general partner of Carl Marks & Co.’s two small business investment companies and serves on the firm’s investment committees; his years of experience there have led to a keen understanding of the demands upon lenders and investors.
Mr. Claster has overseen numerous aspects of commercial real estate development and management while investing in properties over the past 20 years, including: a major investment on the Philadelphia waterfront; the acquisition and development of several Class-A and Class-B office complexes and numerous multi-unit residential properties throughout the country; and the acquisition and development of several high-profile hotels. Mr. Claster began his career as an attorney with Olin & Philips, specializing in corporate and individual tax law and estate planning.
As an active member of the community, Mr. Claster has served as president of Fresh Meadow Country Club, is a member of many nonprofit boards and serves as a trustee of the Carl Marks Foundation. In his personal and foundation giving, youth development, health, and Israel are among his top philanthropic priorities.
Mr. Claster holds a BBA with honors from Ohio University, a JD from Hofstra University Law School, and an LLM in Taxation from NYU Law School. He is a FINRA General Securities Principal.