ATLANTA, GA, March 11, 2008-- Bill Brown (photo top right) has joined Lane Northeast, a subsidiary of multifamily real estate firm Lane Company, in the newly-created position of Division Partner.
He will be responsible for new development in an area spanning the metro Philadelphia market, southern New Jersey, Delaware and northern Maryland, including Baltimore.
"Bill has 
a long standing track record as a successful developer of quality multifamily
a long standing track record as a successful developer of quality multifamily developments in the Philadelphia and Baltimore markets, as well as other areas," said Jeff Price, (photo at left) Lane Company's Northeast Regional Partner and President of Lane Northeast. "Bill will help Lane Northeast reach into the Philadelphia market while expanding our platform in Maryland," he added.
Brown was most recently a Development Partner with Oxford Properties. Over his career, he has participated in the development of almost 14,000 units, and held high-level posts with leading firms including Toll Brothers, The Morgan Group and Summit Properties. He lives in the Philadelphia area, where he recently completed two projects.
For over a decade, he lived in Baltimore; he developed a number of properties there, as well as in Wilmington, Delaware and the Philadelphia area."Philadelphia and Baltimore are both excellent, highly-rated markets for continued investment and steady growth," Brown said. "Like much of the Washington to New York corridor markets, these areas are defined by niche opportunities and high barriers to entry."
Lane Northeast currently has an office in Towson, Maryland, where it is building the first phase of The Quarter, a residential development across from Towson Town Center Mall. The first residents are expected to move into Phase I, which includes 150 upscale condominiums and 280 upscale apartments, this fall. When fully complete, The Quarter will have a total of 900 residences for sale and rent.
"The Quarter is a great example of Lane's expanding commitment to the region," Price said. Lane Northeast maintains offices regionally in New Jersey, Maryland and Virginia.Also, last year Lane Company acquired the Munsey, a historic 18-story apartment building in downtown Baltimore. The firm also manages several Maryland apartment communities.
Brown earned his Bachelor of Science degree from Washington & Lee University. He can be reached at bbrown@lanecompany.com.
About Lane Company
Lane Company (www.lanecompany.com) is a vertically-integrated, full-service multifamily real estate company. Its expertise extends to all areas of real estate including apartment and condominium development, investment, property management, construction, asset management, marketing and sales.
With over 30 years experience, Lane Company is recognized as one of the most innovative, efficient and technologically-advanced firms in the multifamily industry. Its goal is to make big things happen by connecting people and communities one home at a time.
Media Contact:
Media Contact:
Terri Thornton,
Thornton Communications,
404-932-4347
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