Sean Peterson joins D & A as an account manager in Longwood, FL

LONGWOOD, FL — D & A Building Services Inc., a leading facility maintenance provider, is pleased to announce that Sean Petersen (top right photo)  has joined the Company as an Account Manager in its Landscape Division.

Peterson has more than ten years of experience in the landscape industry. He has an Associate of Applied Science in Turf Management from Abraham Baldwin Agricultural College in Tifton, Ga. Peterson was previously employed by Down To Earth Inc. in Apopka, Fla.

D & A Building Services Inc. is a privately owned facility maintenance provider founded in 1985.

Headquartered in Longwood, Fla., full service offices are located in Jacksonville, Fla., Tampa, Fla., Kansas City, Mo., Madison, Wis., Dallas, Texas, and Detroit, Mich. Services are provided by a staff of 650 to property managers, building owners, local and state governments, Federal agencies, and the military.

The veteran-owned company is an Hispanic-Owned Business Enterprise, and a graduate of the Small Business Administration’s 8(a) program.

D & A wins Jones Lang LaSalle contract for Class A Office Building in Orlando Central Park

LONGWOOD, FL — D & A Building Services Inc., a leading facility maintenance provider, has secured a new contract with Jones Lang LaSalle (NYSE:JLL) for 5900 Lake Ellenor (bottom left photo) , a Class A office building located in Orlando Central Park, Orlando, Fla.

Under its scope of services, D & A is providing full-service janitorial services for the eight-story, 128,000-square-foot building.

Since the early 1990s, D & A has provided facility maintenance services to the property management division of Jones Lang LaSalle, and currently performs a variety of services at seven properties in Florida.

For additional information, please visit http://www.dabuildingservices.com/.

PR Contact: Elaine Ingra, (407) 384-1344 elainei@pr-works.com

Berger Commercial Realty Corp. Announces Promotions and New Hires

FORT LAUDERDALE, Fla. – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the State of Florida, has announced the following two promotions and five new hires:

Promotions

Timothy Hackett (top left photo) has been promoted to Vice President of Property Management and will supervise and manage select client property portfolios. A resident of Fort Lauderdale, Hackett has 14 years of industry experience and previously was Senior Property Manager at Berger Commercial Realty Corp.

Marie Dunn (middle  right photo)  has been promoted to Property Controller. Previously, Dunn was Assistant Controller for Berger’s Fort Lauderdale office and accounting supervisor for its Pembroke Pines office. A resident of Davie, she has 15 years of experience in real estate finance. Dunn’s responsibilities include preparing financial statements for 15 properties on a monthly basis.

New Hires

Emilio Alvarez has been appointed Senior Property Manager and will manage specific client portfolios. Alvarez, formerly a property manager for Lincoln Property Company in Coral Gables, brings 15 years of experience to Berger Commercial Realty. Alvarez resides in Hollywood, Fla.

Joseph Hilton has been appointed Property Manager in Miami-Dade County for Berger Special Assets, the company division that serves as receiver, management company, leasing and sales agent for distressed commercial and multi-family properties on behalf of lenders. Hilton, who resides in Plantation, Fla., brings 10 years of experience to Berger Commercial Realty.

Rosie Rominger has been appointed Accounting Department Supervisor, responsible for providing monthly financials for a 30-property portfolio. Formerly with The Fitzgerald Group, Rominger, who is a resident of Plantation, brings 23 years of experience to Berger Commercial Realty.

Giselle Gordon has joined the company as a Property Manager, bringing 17 years of related experience to Berger Commercial Realty Corp. Gordon resides in Miami.

Jessica Lee has been named Receivership Controller, responsible for preparing financial reports for receiverships managed by the company. Lee has 10 years of experience, most recently with NAI Merin Hunter Codman in West Palm Beach, where she was Corporate Accounting Administrator. Lee is a resident of Pompano Beach.

Founded in 1998, Berger Commercial Realty Corp. is a full service commercial real estate firm. A local, independent and privately-owned firm, Berger can customize services and adapt to clients needs and the ever changing real estate market.

(Lloyd C. Berger, lower right photo), is president of Berger Commercial Realty Corp.)

Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory/investment sales, construction/project management, and retail services. The company established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions.

For more information, visit http://www.bergercommercial.com/.

Contacts:
Jane Grant, (954) 776-1999 ext. 224, jgrant@piersongrant.com
Marielle Sologuren, Pierson Grant Public Relations, 6301 Northwest 5th Way Suite 2600, Fort Lauderdale, FL 33309, v. (954) 776-1999 ext. 226, f. (954) 776-0290, msologuren@piersongrant.com, http://piersongrant.com/

Morrison Commercial Real estate Completes 2 office Building Transactions Totaling 23,420 SF in Orlando

ORLANDO, FL-- Greg Morrison, CCIM, SIOR, Principal and Founder of Morrison Commercial Real Estate, announced the completion of two office building transactions totaling 23,420± square feet.

Damien Madsen (top right photo)  of Morrison Commercial Real Estate was successful in representing the buyer, New Missions, Inc. in closing the sale of the 11,000 square foot office building located at 2500 West Sand Lake Road in Orlando for $1,200,000.

In addition, Lisa Bailey (lower left photo)  and David Young of Morrison Commercial Real Estate represented the landlord, MVRL INVESTMENTS, L.P. in the negotiation of a 12,420 square-foot new lease with Fanueil, Inc. at 7800 Southland Boulevard, Orlando, Florida.

Founded by Greg Morrison, (bottom right photo) a 23-year veteran of the Central Florida commercial real estate market, Morrison Commercial Real Estate is a full-service brokerage firm specializing in the office sector.

Headquartered in Downtown Orlando, our professional experience and extensive knowledge of the Central Florida market enables us to achieve maximum transaction value, and optimal return on investment for our clients.

Morrison Commercial Real Estate provides landlord, owner and tenant representation services in leasing, buying, selling and site selection of commercial property in Central Florida.

Contact: Marylyn Tryon, 407.219.3500, 407.219.3501 fax, mtryon@morrisoncre.com, http://www.morrisoncre.com/

Senior Housing and Healthcare Borrowers Looking Forward to More of the Same as Fed Leaves Interest Rate Near Zero

CHICAGO, IL--Those senior housing/healthcare borrowers who've been wondering how long interest rates will continue to scrape bottom can't say the Federal Reserve Board hasn't been sending clear signals about its intentions.

While acknowledging that extended periods of low interest rates have led to excessive risk-taking in the financial markets in the past, the Fed has remained steadfastly committed to a strategy of keeping rates as low as possible for as long as possible to combat weakness in the U.S. economy, funding expert Jeffrey A. Davis (top right photo) observes.

Davis is Chairman of Cambridge Realty Capital Companies, one of the nation’s leading senior housing/healthcare lenders. He points out that Fed Chairman Ben Bernanke (middle left photo)  is a thoughtful student of the Great Depression of the 1930s, and has repeatedly warned that a much stronger recovery early in the course of that downturn was choked off by the Fed tightening monetary policy too soon.

“Apparently, the consensus view of central bank policymakers is that the recovery is in an early stage and still fragile,” he noted.

The federal funds rate is the rate banking institutions charge each other for overnight loans and is used as the benchmark for the interest paid on credit cards, home equity loans and many business loans.

Effectively, the rate was set by the Fed between zero and 0.25 percent in December 2008 and has remained in this range since then.

 Critics of the Fed’s policy say keeping the rate this low does not really help the economy and only succeeds in subsidizing bank profits. Others argue that the low rates are, in fact, the reason why banks have not been lending.

“But, so far, these are not the ideas that have been driving policy,” Davis observes.

He thinks it’s unlikely that the interest rate level is what’s keeping bankers on the lending sidelines. More likely, concerns about losses on previous loans, coupled with worries about the ability of borrowers to repay new loans in a soft economy, are the larger factors impacting banking decisions at this time.

In the company‘s senior housing/healthcare forecast for 2010, Davis predicts that debt markets will continue to be challenged over the next 12 months, with both lenders and investors continuing to fixate on how well transactions support underlying economics.

“The major national banks will not be in the picture, but regional and community banks could be stepping up to fill some funding gaps for senior housing/healthcare borrowers in the months ahead. And others, including insurance companies, credit companies, and private and institutional equity investors, could become more active as well.

“With demand through the roof, we also anticipate that HUD will have another banner year in 2010,” he said.

Because conditions invariably change, Davis says he is advising clients to take advantage of today’s low rates while they can.

Contact:  Evan Washington, Phone: (312) 521-7603, Fax: (312) 357-1611, E-Mail: ew@cambridgecap.com, Twitter: http://twitter.com/CambridgeCap

HFF arranges $90M refinancing for four phases of Southlake Town Square in Southlake, TX

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.)  has arranged a $90 million refinancing for four phases of Southlake Town Square (centered photo below) , a Class A entertainment and lifestyle center in Southlake, Texas.

The HFF team worked on behalf of the borrower, Inland Western REIT to secure the seven-year, 6.25% fixed-rate loan through MetLife Real Estate Investments. The refinancing is replacing maturing CMBS loans and a bank loan.

Southlake Town Square consists of a six phase mixed-use development that was completed within the last 10 years.

The refinancing is for four phases, which total 507,500 square feet out of the total 841,029 square feet of the entire Southlake Town Square shopping center.

The master development contains more than 150 tenants including: Harkin’s Theatre, CitiFinancial, Barnes and Noble, The Container Store, Banana Republic, Gap, Victoria’s Secret, Brooks Brothers, and a variety of other well-known national brands and restaurants.

 Southlake Town Square is situated between Texas Highway 114 and Southlake Boulevard close to the Dallas/Fort Worth International Airport in Southlake.

“Southlake Town Square is located in one of the most affluent areas in North Texas and enjoys a wide draw due to the unique mix of shopping, dining, entertainment and lodging options.

"The asset is generally regarded as the first and most successful mixed-use town center development in DFW and the State of Texas.

"The asset’s prominence, along with the strong tenant performance and the experience of Inland Western as an owner and manager, made this a very compelling loan opportunity,” said Kevin MacKenzie (lower left photo) , a managing director at HFF involved in the financing.

Inland Western Retail Real Estate Trust, Inc. is a self-managed real estate investment trust that acquires, manages and develops a diversified portfolio of real estate, primarily multi-tenant shopping centers across the United States.

 As of December 31, 2009, the portfolio under management totaled in excess of 46 million square feet, consisting of 299 consolidated operating properties. The company also has interests in 11 unconsolidated operating properties and 11 properties under development. For further information, please
see the company website at www.inlandwestern.com.

Contacts:

Kevin C. MacKenzie, HFF Managing Director, (214) 265-0880, kmackenzie@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

HFF closes $13.7M sale of and arranges financing for BJ’s Wholesale Club in Franklin, MA

BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of a 108,510-square-foot BJ’s Wholesale Club in Franklin, Massachusetts and arranged the acquisition financing.

HFF’s Coleman Benedict (top right photo) and Ben Sayles exclusively represented the seller, National Development, and procured the 1031 exchange buyer in the $13.667 million, off-market transaction. HFF senior managing director Fred Wittmann (bottom left photo) subsequently secured a $7.5 million, fixed-rate acquisition loan through Flagship Bank.

The property was constructed in 2000 and BJ’s occupies the facility under the terms of a long-term lease. Located at 100 Corporate Drive in Franklin, the property is situated on 17.53 acres of land located immediately adjacent to Interstate 495 (I-495), which provides regional access via Exit 17 (Route 140).

 In addition to its convenient access, the property is also highly-visible from I-495 (with ADT in excess of 81,500 vehicles). The asset is well poised to cater to the family-friendly towns of Franklin, Hopkinton, Medfield, Foxboro, Medfield and Walpole.

Contacts:
Coleman J. Benedict, HFF Director, (617) 338-0990, cbenedict@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

HFF arranges $3M refinancing for Glen Creek Park Apartments in Salem, OR

PORTLAND, OR – The Portland office of HFF (Holliday Fenoglio Fowler, L.P.)has arranged a $3 million refinancing for Glen Creek Park Apartments, (top left photo)  an 86-unit multi-housing community in Salem, Oregon.

HFF associate director Tom Wilson worked on behalf of the borrower, Glen Creek Park Apts, LLC to secure the 10-year, 5.56% fixed-rate loan through HFF’s correspondent Fannie Mae DUS lender, M&T Realty Capital Corporation.

“The refinance allowed the borrower to secure long-term financing at a favorable fixed-rate in anticipation of a rising interest rate environment,” said Wilson.

Glen Creek Park Apartments is located at 351-359 GlenCreek Road NW approximately 44 miles southwest of downtown Portland via Interstate 5. The property is currently 99% leased

Contacts:

Thomas F. Wilson,  HFF Associate Director, (503) 224-0444, twilson@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

Rhodes+Brito Architects Appoints Jessica James Chan Business Development Marketing Manager in Orlando

ORLANDO - Rhodes+Brito Architects in Orlando has appointed Jessica James Chan, (top left photo) CPSM as business development marketing manager.

Ruffin Rhodes, (bottom right photo) co-founder and partner at Rhodes+Brito Architects, said Chan has more than 12 years of experience in business development and marketing. She was most recently marketing director at The Jordan Companies in Orlando.

Chan earned her bachelor’s degree in Health-Business Management from the University of Central Florida
.

Rhodes+Brito Architects, which opened in Orlando in 1996, currently employs a staff of 17, including seven registered architects.

The firm served as lead architect for the Florida A&M University College of Law facility in downtown Orlando.

For more information,  contact:
Ruffin Rhodes, Rhodes+Brito Architects, 407-648-7288 ruffin@rbarchitects.com;
Maximiano Brito, Rhodes+Brito Architects, 407-648-7288 max@rbarchitects.com;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 (fax: 4410)

Stirling Sotheby’s International Realty Expands Southwest Orlando Market Coverage

 ORLANDO - Stirling Sotheby’s International Realty has expanded its focus on the southwest Orlando market.

Roger Soderstrom, (top right photo) founder and owner of Stirling Sotheby’s International Realty, said Southwest Orlando Performance Director Diane Travis has opened an office in Stirling Sotheby’s International Realty’s World Marketing Center in the south tower penthouse of The Plaza located on Orange Ave. at Church St. in downtown Orlando.

In addition, Travis has opened a new southwest area branch office in Bay Hill on Apopka Vineland Rd.

“This move greatly expands our market coverage in Orlando,” Soderstrom explained.

For more information contact:
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

NAI Realvest Arranges First North American Operation for Global Leader in Crowns Industry – Pelliconi Group

ORLANDO, FL. – NAI Realvest, a leading commercial real estate services provider in the central Florida area announced the, Industrial Team of Robert Blackwell (top right photo) SIOR, principal in the firm, Sean DuPree (lower right photo) CCIM and Jim Murr (bottom left photo)  recently negotiated the lease of 86,000 square feet of industrial space for Pelliconi Group’s first location in North America.

 Pelliconi Group is a worldwide leader in the production of plastic and metal caps, crowns and closures for the bottling industry. Rick Leighton, (middle left photo)  senior vice president of Corporate Services for NAI Global, assisted in the transaction.

Pelliconi Group’s decision to locate in Orlando will result in 24 new jobs, and the facility’s location at 2501 Principal Row in Orlando Central Park in south Orlando will serve as a manufacturing base for crowns that will be shipped to two nearby bottlers.

After evaluating other potential locations, Pelliconi eventually chose Orlando for several key reasons, according to Blackwell.

“Orlando provides a central location for Pelliconi to distribute to their clients’ bottling facilities, the international airport makes it easy for Pelliconi management to reach their U.S. based facility and the Metro Orlando Economic Development Commission provided the expertise, services and resources that were critical to an international firm locating a new facility in the U.S,” Blackwell said.

“My relationship with Pelliconi Group started a few years ago, and working closely with their team and members across the NAI Global network, we were able to identify a site that met their industrial needs and positioned them closely to their customers’ bottling locations,” said Leighton.

The Pelliconi Group, based in Bologna, Italy, has three production plants in Bologna and Chieti, Italy, as well as in Cairo, Egypt. Foreign subsidiaries in France, the UK and Germany, and a worldwide network of sales and distribution has allowed them to become the world’s largest producer and exporter of crown corks. The new Florida facility will help introduce the Pelliconi Group’s products and services across North America.

NAI Global manages a network of 325 offices and 5,000 professionals in 55 countries across the globe. NAI specializes in representing large corporations with multi-market real estate requirements and was recently rated the best performing network in the 2009 Watkins Research Group survey of corporate real estate executives.

NAI Realvest is located at 2200 Lucien Way, Suite 350, in Maitland, Florida. For more information visit http://www.nairealvest.com/.

For more information about this press release, contact
Robert Blackwell, SIOR, NAI Realvest 407-875-9989, rblackwell@realvest.com;
Patrick Mahoney, President NAI Realvest 407-875-9989, pmahoney@realvest.com;
Larry Vershel Communications 407-644-4142, lvershelco@aol.com.

Foreclosure Filings Sink 21% In South Florida In 1st Quarter 2010

MIAMI, FL--Foreclosure filings in South Florida slipped by 21 percent to less than 20,000 actions initiated the tricounty region in the first quarter of 2010 on a year-over-year basis compared to more than 25,000 filings during the same period in 2009, according to a new report from CondoVultures.com.

The quarterly drop was exacerbated by a 20 percent decrease in foreclosure filings in March 2010 following a 19 percent drop in February and a seven percent drop in January, according to the report.

All three South Florida counties experienced a decrease in foreclosure filings - also known as a Lis Pendens or a Notice of Default - between January and March of 2010 with actions tumbling by 33 percent Miami-Dade County, 22 percent in Palm Beach County, and 12 percent in Broward County, according to the report based on the Condo Vultures® Foreclosure Database™.

The Foreclosure Database™ is updated every business day with the latest foreclosure filings initiated with the clerks of court in Miami-Dade, Broward, and Palm Beach counties.

"The federal government programs coupled with the pure financial feasibility of working with troubled borrowers to keep them in their homes is translating into lenders filing fewer foreclosure actions in South Florida," said Peter Zalewski, (middle right photo) a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures® LLC. "Lenders now know that a foreclosure action will take 18 months and at least $100,000 to complete in South Florida, which is three times longer and twice as expensive as back in 2007 when the crisis first began.

Once the bank owns a troubled property, the residence usually sells for about the same amount as a comparable short sale, which can be completed in a fraction of the time.

"Bankers are smart people so it is no surprise to see a change in strategy and the drop in foreclosure filings given the pure economics of the situation."

Contact:  Peter Zalewski,  800-750-0517,  peter@condovultures.com    

Wyndham Hotel Group CEO Honored for Industry Contributions

PARSIPPANY, N.J. (April 6, 2010) – Eric Danziger, (top right photo)  president and CEO of Wyndham Hotel Group, part of the Wyndham Worldwide family of companies (NYSE: WYN), has been recognized by the Pacific Area Travel Writers Association International with the award for Lifetime Contribution in the Hospitality Industry.

The award celebrates the many contributions Danziger has made to the business over the course of his 30-year career, including the creation of Doubletree’s now famous chocolate chip cookie and the expansion of the early Starwood Hotels and Resorts portfolio, which during his three-year tenure as the company’s president and CEO, grew from 20 hotels to nearly 600.

Most recently, Danziger has continued Wyndham Hotel Group’s evolution to a true global hospitality company, placing a renewed focus on operational excellence and strategic global growth and appointing seasoned hoteliers to the company’s key leadership roles.

“I have always had an unwavering passion for the hotel business,” said Danziger. “I truly believe in the power of hospitality and travel and I look forward to the new heights to which we will take this great industry in the future.”

Danziger is the recipient of the 1999 Peace Award of the American Friends of Tel Aviv University and the 2005 Northern California Ernest and Young Entrepreneur of the Year award for Real Estate and Hospitality.

CONTACT: Christine Da Silva, +1 (973) 753-6590, christine.dasilva@wyndhamworldwide.com

Barcelona Hotel Group, Dow Hotel Company Enter Agreement to Acquire Hotels

PHOENIX, AZ---Barcelona Hotel Group, a financial investment group, and Dow Hotel Company, LLC (DHC), a hotel ownership, investment and management company  announced that they have signed a letter of intent to acquire and operate hotels.

Under terms of the agreement, Dow will become a Strategic Alliance Member (SAM) and co-invest with affiliates of Barcelona to acquire first-class, full-service hotels over the next 12-18 months.

Barcelona REIT One (BR-1), a private real estate investment trust, or an affiliate of BR-1, will acquire and own the properties.

The closed-end fund, managed by Barcelona, expects to acquire up to $450 million in hotel assets. BR-1 is the first in a planned series of Barcelona-administered hotel investment funds.

As a SAM, Dow will invest in BR-1, along with institutional investors. Dow will be responsible for sourcing acquisition candidates and will operate as a third-party manager for all properties it presents and that are acquired.

Also as part of the agreement, Murray Dow, (top right photo)  president, Dow Hotel Company, has been named to the Board of Directors of Barcelona Hotel Group.

“We believe that the next several years will create exceptional opportunities to acquire hotels, reposition them and take advantage of an economic upswing,” said Richard Harkin, president of Barcelona Hotel Group.

“The industry is in the worst downturn in operating results in more than a generation. Hotel values have declined and hundreds of properties are in default.

"While there are other acquisition funds formed or forming, we believe that co-investing with a proven, well-regarded independent management company like Dow will more closely align the owner and operator and allow us to take greater advantage of the opportunities that lie ahead in the hotel industry.”
 
 Barcelona Hotel Group Contact:  Dick Harkins, Phone: 480-951-4135, harkins@barcelonahotelgroup.com
Dow Hotel Company Contact:  Jerry Daly, Chris Daly Dick Harkins, Phone: (703) 435-6293
jerry@dalygray.com

Concord Hospitality Ranks Among Top 20 Management Companies in Industry Survey

RALEIGH-DURHAM, NC—Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators, today announced that it now ranks among the industry’s top 20 third-party management companies, according to the latest survey conducted by Hotel & Motel Management.

In a space of 12 months, the company moved up in the rankings from 40th in 2008 to 17th in 2009 of 104 U.S. management companies listed. Concord currently owns and/or operates a total of 70 hotels, eight of which are in the greater Pittsburgh area, with two more under construction and several in the pipeline.

“We more than doubled the size of our portfolio of owned and managed hotels during the past five years, our fastest rate of growth in our 24-year history,” said Mark G. Laport (top right photo) , president and CEO of Concord.

“A significant part of that growth occurred in the Pittsburgh area, where we are about to open our ninth hotel—a 110-room SpringHill Suites in Bakery Square.” (lower left photo)

The adaptive reuse and new construction project in downtown Pittsburgh is part of a mixed-use development being built in a former Nabisco cookie plant.

Contact: Chris Daly, Senior Vice President, Daly Gray Public Relations, ph: 703-435-6293, Follow us on Twitter: http://twitter.com/dalygray

ARA Finance Taps Former Cushman &Wakefield Executive Tom MacManus for President and COO Position

BOCA RATON, FL— Boca Raton, FL-headquartered ARA Finance, a joint venture of Apartment Realty Advisors (ARA) and CWCapital LLC  has hired Tom MacManus as President and Chief Operating Officer. MacManus will report to the ARA Finance Executive Committee, comprised of ARA and CWCapital senior executives, and will be based out of the Boca Raton, FL office of ARA.

MacManus joins ARA Finance with 30 years of industry experience.šš He previously served as Executive Vice President and head of New York City-based Cushman & Wakefield‘s Debt & Equity Finance practice.š He served in a leadership role in the firm’s acquisition of Sonnenblick Goldman in July of 2007 and was subsequently appointed Chairman and Chief Executive Officer of Cushman & Wakefield Sonnenblick Goldman – the New York-based investment banking group.š Prior to his positions at Cushman & Wakefield, he held various senior leadership positions during his nine year career with GMAC Commercial Mortgage Corp. (GMACCM).š

“We are very pleased to have someone of Tom’s caliber leading ARA Finance.š He’s a results-driven leader who will excel at taking this platform to the next level in terms of lending and lending sources,” said ARA founding principal and ARA Finance Management Committee member, Marc deBaptiste. (top right photo)

National Contacts:
Amy Holland or Lisa Robinson, Apartment Realty Advisors, (404) 495-7300,     
aholland@ARAusa.com
lrobinson@ARAusa.com, http://www.arausa.com/