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His last name rhymes with “Oh My Gosh”

posted Sep 19, 2014, 3:10 PM by Joyce Evans   [ updated Sep 24, 2014, 2:19 PM by Richard D'Ascoli ]
You might know Art Armagost as the Chair of PSAR’s District Council (DC) for the East County. Both PSAR East County and South County DCs meet monthly to encourage local participation and address local issues, including local community service projects and local charities as recipients of donations. Art has served as chair of the 14-member East County DC since June 2013. He jokes that his last name rhymes with “Oh My Gosh.”
 
But did you know that Art is a former stock broker, insurance broker and financial planner who became interested in real estate while writing financial plans for clients so they could afford to buy a home?
 
“I saw real estate as another way to help people, which is something that has been very important to me throughout my life as a Christian believer,” said Art, 61.
 
The youngest of four children, Art’s dad worked as a farmer and coal miner in northern Pennsylvania before moving the family to Fairless Hills, in Bucks County in southeast Pennsylvania, where his dad worked for a chemical manufacturer that supplied the state’s steel factories.
 
Both Art’s mom and dad involved their two daughters and two sons in either Girl Scouts or Boy Scouts. “We went camping at least once a month while growing up,” Art said. “We camped on 10 acres of woodlands, surrounded by corn fields, and my dad convinced the farmer to rent the land for one dollar a year.”
 
At age 3, Art told his mom he wanted to become a minister. Instead, at age 18 after high school, he joined the U.S. Navy. “I loved watching the movie Run Silent, Run Deep, which was a submarine movie with Clark Gable and Burt Lancaster. But, then, I spent my entire Naval career working in aviation, so go figure.”
 
He traveled on eight Naval deployments, four of them aboard the U.S.S. Constellation. Art was among the 5,500 crew assigned to the San Diego-based, Kitty Hawk-class aircraft carrier, nicknamed the “Connie.” He was stationed in San Diego for 23 of his 26 years in the Navy.
 
He met his wife Lynette on a blind date at the Miramar Naval Air Station’s bowling alley. They were married on Aug. 18, 1984. Art has lived in Alpine since January 1982. Lynette retired a few years ago after working for 20 years for CA Technologies.
 
Art retired from the Navy as an avionics master chief in August 1997. After working in financial services, he spent three years with a telecommunications firm. In 2002-2003, he served as president of the Kiwanis Club of Alpine. Ranked the third largest in the California, Nevada and Hawaii region, the club organizes more than 50 events annually. “The Kiwanis members jokingly called me `king’ instead of president, for `King Arthur,’” Art said. 
 
In 2005, he started a career in real estate. In 2012, Art and a friend, Ted Irvine, founded Restic Properties. Restic refers to “residential tenants in common.” Matching investors with homebuyers (tenant investors) to purchase homes, who payoff the investor in a shorter period than a conventional bank loan.
 
Both Art and Lynette are involved in their church, East Valley Christian Fellowship in El Cajon. Art volunteers in the church’s food pantry, which is open five days a week. Lynette leads a weekly prayer meeting for women and organized a clothing drive called the “Worn Again Sale.” Proceeds from the sale were used to purchase medical supplies for a missionary in India.
 
“PSAR agrees with my convictions about helping people,” Art said. “The association is here to benefit all members.”

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Don’t forget to read next week’s story.
Hint: He signed up for accounting class in high school only because it was full of girls; later, he became a CPA.


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