Lane Company Restructures Top Management

ATLANTA, GA, Jan. 13, 2008 – Lane Company, an award-winning multifamily real estate firm, today announced a change in the firm’s top leadership.

Chairman and company founder George Lane (top right photo) is returning as CEO.

The current CEO, Bill Donges, (bottom left photo) will assume an executive advisory role.

“Bill’s done a great job shepherding us through a strong period of growth,” Lane said. “But unfortunately the real estate market is in a deep contraction.

"While we want him to be free to pursue other opportunities, we are asking him to stay on as an advisor, and to continue to represent us as our ambassador to the real estate community as a whole, including the national trade associations.”

“Working with everybody at Lane Company has been a great experience, but it’s time to get back to basics,” Donges said. “This really is a company with a heart.

"Given the contraction of the capital markets, it’s appropriate for just one person to be both chairman and CEO. George is ready to take the reins again, and I’m going to help any way I can.”

Donges is the incoming Chair of the National Association of Home Builders Multifamily Leadership Board, and is on the board of the National Multi-Housing Council.

He joined Lane Company in 2002 as Chief Operating Officer. He was promoted to CEO in 2005 when George Lane assumed the post of Chairman. During his tenure he spearheaded intensive strategic planning which united several disparate companies into one united Lane Company.

He also increased emphasis on technology, training and safety, while guiding the firm through an expansion into the Mid-Atlantic states, Texas and Florida.

Both Lane and Donges emphasize that Lane Company remains strong in property management and asset management, and is continuing to pursue acquisitions and new development.

Media Contact: Terri Thornton, Thornton Communications, 404-932-4347 Terri@TerriThornton.com