Mark Buono is a CMBS and CRE industry pioneer. He is a former Managing Director at Goldman Sachs where he held various roles in the commercial real estate business for 20 years, and a Managing Director and CRE Portfolio Manager at the Global Atlantic Financial Group. He is an expert in CMBS, CRE CDOs, and REITs, CRE Portfolio Management, and Risk Management.
Dr. Buono is currently a visiting professor at the College of Charleston.
Mark is the former commercial real estate portfolio manager of the insurance company Global Atlantic, where he built the portfolio that consists of real estate equity, real estate commercial mortgages, CMBS, and CRE CDOs.
Dr. Buono spent most of his career at Goldman Sachs where he supervised the origination of commercial mortgage loans that were targeted for CMBS. In his role, he was responsible for capital commitment in the origination of commercial mortgage loans and risk management of the commercial mortgage portfolio and was also a member of the Goldman Sachs Bank capital committee.
Dr. Buono was responsible for securitizing commercial mortgage loans, oversight of the commercial mortgage warehouses, and CRE CLO securitizations. He directed the securitization, risk management, and distribution of CMBS, mezzanine debt, and commercial mortgage CLOs.
During the Great Recession, Dr. Buono was responsible for the resolution of the commercial mortgage portfolio in both the United States and Europe.
He joined Goldman Sachs in 1993, initially focusing on mortgage research, specializing in residential mortgage credit risk and commercial mortgage-backed securities, and then becoming a senior trader responsible for secondary CMBS trading and managing a group of traders and research analysts.
Before joining Goldman Sachs Dr. Buono worked at Freddie Mac as the head trader responsible for the pricing and distribution of all the residential mortgages purchased for cash by Freddie Mac, directing a trading desk of five MBS traders.
Dr. Buono started his career as an academic in 1985 as an assistant professor of Finance at Temple University.
Mark earned a Ph.D. in economics from the University of North Carolina at Chapel Hill in 1986 and a B.S. in economics from the College of Charleston.
Publications
• Buono, Mark J. “An Empirical Investigation of the Macroeconomic Explanations of the Inverse Relationship between Common Stock Returns and Inflation.” University of North Carolina. Ph.D. Dissertation 1986. • Buono, Mark J. “The Relationship between the Variability of Inflation and Stock Returns: An Empirical Investigation.” Journal of Financial Research 12 (4). 1989. pp. 329-339. • Buono, Mark J. and B. Kelly Eakin. “Branching Restrictions and Banking Costs.” Journal of Banking and Finance 14 (6). December 1990. pp. 1151-1162.
• Eakin, B. Kelly, Mark J. Buono and Daniel McMillen. “Constructing Confidence Intervals Using the Bootstrap: An Application to a Multi-Product Cost Function.” The Review of Economicsand Statistics 72 (2) May 1990. pp. 339-344. • Buono, Mark J., Russell B. Gregory-Allen and Uzi Yaari. “The Efficacy of Term Structure Estimation Techniques – A Monte Carlo Study.” Journal of Fixed Income 1 (4) March 1992. pp. 52-63.
EXPERTISE
CMBS, CRE CDOs, and REITs
Commercial Real Estate Lending
CRE Portfolio Management
CRE Portfolio Risk Management
EDUCATION
University of North Carolina at Chapel Hill
Ph.D. in Economics
College of Charleston
B.S. in Economics
WORK HISTORY
College of Charleston
Visiting Instructor of Finance and Interim Director of the Carter Real Estate Center
2020-present
Global Atlantic Financial Corporation
Senior Advisory Director
Managing Director/Commercial Real Estate Portfolio Manager
2014-2020
Goldman, Sachs and Company
Managing Director - Special Asset Group
Managing Director - Mortgage Trading
Vice President - Mortgage Research
1993-2013
Freddie Mac
Vice President – Mortgage Trading
Vice President –Mortgage Research
1990-1993
Rutgers University
Assistant Professor of Finance
1988-1989
Temple University
Assistant Professor of Finance
1985-1988
CMBS and CRE Expert Witness
CMBS, CRE CDOs, and REITs,
Commercial Real Estate Lending,
CRE Portfolio Management,
CRE Portfolio Risk Management, SEDA consulting, SEDA financial group, Financial services testifying expert, Financial Industry Experts, Testifying Experts Support, financial expert witness, Dispute Resolution
Contact
Mark J. Buono
1185 Avenue of the Americas
New York, NY 10036
+1 646-626-4555