Essex Realty Group Brokers the Sale Of Multi-Family Apartment Building in Skokie, IL

7381 North Damen Avenue apartments, Rogers Park Neighborhood, Chicago, IL

Kate Varde

CHICAGO, IL,  April 18, 2014 - Essex Realty Group, Inc. is pleased to announce the recent sale 7381 N. Damen Ave., a 32 unit courtyard building located in Chicago’s Rogers Park neighborhood. 

The Property is situated on the northwest corner of Damen and Fargo Avenues.

The property was significantly renovated including the individual units, kitchens, bathrooms and common areas. 

In addition various amenities were added to the property including space built out for future use as a gym and a three-room office with a full kitchen and bathroom.

Doug Imber and Kate Varde of Essex represented seller and Jim Darrow and Jordan Gottlieb also of Essex represented the purchaser in the transaction. 

The sale price was approximately $2,400,000. Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

For a complete copy of the company’s news release, please contact:

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

HFF secures $21.25 million acquisition financing for Hudson’s Bay Centre in Denver, CO

Hudson's Bay Centre, central business district, Denver, CO

DENVER, CO – HFF announced today that it has secured $21.25 million in financing for Hudson’s Bay Centre, a Class A, 172,912-square-foot boutique office building in Denver’s central business district.

Josh Simon

               Working on behalf of the borrower, a 50/50 partnership between MDC Realty Advisors USA, Inc. and Artis REIT, HFF placed the seven-year, 3.76 percent, fixed-rate loan with Principal Real Estate Investors.  Loan proceeds were used to acquire the property.

               Hudson’s Bay Centre is located at 1600 Stout Street along the mile long 16th Street Mall in the Midtown East section of Denver’s central business district.  The transit-oriented, 20-story property, which is currently 96.4 percent leased, is adjacent to the 16th and Stout Station RTD light rail station and a half of a block away from the 16th and California Station.

               The HFF team representing the borrower was led by director Josh Simon and real estate analyst Leon McBroom.

               MDC Realty Advisors USA, Inc. through its affiliated company Hannay Realty Advisors is a private commercial real estate company that focuses on asset and property management in the United States.  Hannay Realty Advisors currently manages approximately 12 million square feet of commercial properties and has offices in Phoenix, Denver, Los Angeles, Orange County, San Francisco and Las Vegas.

Artis REIT (TSX: AX.UN), is one of the largest diversified commercial real estate investment trusts in Canada.  Artis REIT’s management team has extensive experience in construction, development, and management of commercial and other properties in Canada and the United States. Over the last 10 years, Artis has executive an aggressive but disciplined growth strategy, building a portfolio of office, retail and industrial properties in Canada and select U.S. markets with a major concentration in Western Canada. 

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Banner Essex Strategic Apartment Fund II LLC Acquires Ansley Falls Apartments in Charlotte, NC

  

Ansley Falls Apartments, Charlotte, NC

Milton Pinsky

NORTHBROOK, IL – Banner Essex Strategic Apartment Fund II announced that it has acquired the 274 unit Ansley Falls Apartments located in Charlotte, NC.

  Ansley Falls is strategically located in the Pineville submarket, only 5 miles from downtown Charlotte, 3 miles from the airport, and has convenient access to multiple highway systems and desirable retailers. 

The Fund purchased the Class-A asset, built in 2010, in joint venture with an affiliate of The Hartford (NYSE: HIG).  The Seller was an affiliate of Sherman Residential, also of Northbrook, IL.  Dean Smith and John Heimburger of ARA Carolinas brokered the transaction.

According to Milton Pinsky and Doug Imber, sponsors of the Fund, “Ansley Falls is an outstanding asset and is consistent with our criteria of acquiring well-located properties in select Midwest and Sun-belt markets that exhibit strong population, job and wage growth, along with a business friendly climate.

“ Additionally, joint-venturing with The Hartford further strengthens our platform, while simultaneously providing better  diversification to our Fund.” 

Doug Imber

They added that “Financing the property with a modest 60% loan to value from Freddie Mac enhanced our borrowing terms as well as our risk adjusted returns.”   

This is the Fund’s second acquisition, after its 2013 purchase of the 192 unit Wellington at Willow Bend Apartments in Plano, Texas.  The fully integrated real estate operating company was founded in 1989 and has since acquired and operated 40 multifamily properties totaling nearly 8,500 units across nine states.

For a complete copy of the company’s news release, please contact 

Doug Imber at 773.305.4902 or email him at dougimber@essexrealtygroup.com

Southeast Food Distribution Moves Corporate Office to Miramar Park of Commerce in Florida

Miramar Park of Commerce, Miramar, FL

Richard Bauer

MIRAMAR, FL – Southeast Food Distribution, a leading distributor of dry, frozen and refrigerated food products in the Southeast, has moved its corporate office from Miami Gardens to the Miramar Park of Commerce, the largest locally owned and managed Business Park in South Florida. 

With the move to the Park, the company will house all corporate functional areas under one roof.

 “Miramar Park of Commerce provides a well-maintained and flexible environment and offers Southeast Food Distribution and its three operating divisions: Southeast Frozen Foods, Southeast Wholesale Foods, and The American Logistics Group/TALG, many benefits by now being located in one of the largest commerce parks in the region to conduct business" said Rich Bauer, President/CEO of the company.

Maridee Bell

 “Our new offices will be strategically located between both our Southeast Frozen Foods’ distribution center and our Southeast Wholesale Foods’ distribution center,” Bauer adds. 

 “We chose MPC for its strategic location and its aesthetically pleasing and safer environment. The location also provides a good labor pool and access to many hotels and restaurants for our visitors and associates.”

“Large regional companies such as Southeast Food Distribution not only require specific space needs but also easy access to major roadways, and we’re able to offer that here at the Park,” said Maridee Bell, vice president of Sunbeam Properties, developer of the Park.

Bell and Ryan Goggins of Sunbeam Properties, along with Jonathan Kingsley of Jones Lang LaSalle, represented the Park in the transaction. Representing Southeast Frozen Foods were Lee Katsikos of The Katsikos Group and Michael Sigerman, PA.

 For a complete copy of the company’s news release, please contact:

Jenna Leon

Pierson Grant Public Relations

954-776-1999, ext. 242

jleon@piersongrant.com

Sky by Crown Apartments Breaks Ground in North Sydney, Australia

Crown Group CEO Iwan Sunito and North Sydney Mayor
Jilly Gibson at ceremonial ground-breaking of
 Skye by Crown apartments

NORTH SYDNEY, AUSTRALIA– North Sydney’s transformation from weekday business hub to thriving residential village has stepped up a gear as an iconic apartment development breaks ground.

 Skye by Crown, the latest development from Sydney-based property developer Crown Group, set to become one of North Sydney’s iconic apartment buildings, officially commenced construction after a ground breaking ceremony held today. 

Designed by Japanese-Australian architect Koichi Takada, the 20-storey building will feature 242 apartments, an expansive foyer, ground-floor retail outlets, a top-floor gym and infinity-edged rooftop pool with stunning views over North Sydney.

More than $200 million worth of apartments at Skye by Crown have been sold since its launch last year, including a penthouses sold for $3.38 million and $3.465 million.

 Crown Group CEO Iwan Sunito together with Mayor of North Sydney Jilly Gibson turned the first sod on site.  The successful demolition of a pre-existing office building paved the way for construction of Skye by Crown to begin on schedule.

Crown Group CEO Iwan Sunito said the company’s vision for Skye by Crown was to create an icon in Sydney for decades to come.

“Skye by Crown has been an exceptional project from the start – from the first stages of development and design selection through to one of the most successful sales launches in Crown Group’s history,” Sunito said.

For a complete copy of the company’s news release, please contact:

Hwee Peng Yeo

Director of Asian Markets

Glodow Nead Communications

Level 21, Centennial Tower

3 Temasek Avenue

Singapore 039190

Jim Ackerman to Join Hartman Simons as a Partner in Atlanta, GA

  

Jim Ackerman

 ATLANTA, GA (April 17, 2014) – Hartman Simons & Wood (Hartman Simons), an Atlanta-based law firm specializing in commercial real estate, has hired retail real estate veteran Jim Ackerman as a partner. He will join the firm on April 21.

Ackerman comes to Hartman Simons after nearly 15 years at The Sembler Co., a retail development and services firm that operates throughout the Southeast. He serves as general counsel and vice president of leasing in the firm’s Atlanta office.

“This is truly an outstanding hire for Hartman Simons,” said Gil Y. Burstiner, managing partner of the firm. “Retail real estate is a huge part of our practice, and Jim will bring a tremendous amount of expertise and experience to our many clients in this recovering and growing sector.”

Prior to joining The Sembler Co., Ackerman was a retail leasing broker at Coldwell Banker, a real estate attorney at the law firm of Sutherland Asbill & Brennan, and an attorney and regional real estate director at Eckerd Corp. He has a business degree from Emory University and a law degree from the University of Georgia.

  

 For more information check out our website at http://www.hartmansimons.com and our blog http://hartmansimons.typepad.com.

For a complete copy of the company’s news release, please contact:

                                                                                                                                                                                                                                 

Stephen Ursery •The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309

O: 404-549-7150  • M: 404-405-2354

thewilbertgroup.com

Franklin Street Sells Freestanding Sprint in South Tampa, FL for $1.25M, All Cash

  

Sprint Building, 3432 W. Kennedy Boulevard.
between Dale Mabry Highway and S. MacDill Avenue, South Tampa, FL

Rafeal Wright

 TAMPA, FL (April 17, 2014) —Franklin Street announces the sale of a freestanding Sprint in South Tampa for $1,250,000, representing $325 per square foot.

Rafeal Wright, CCIM and Jonathan Graber, CCIM represented the buyer, a local investor. The seller is a national investor.

“The demand for triple-net property located in infill areas with credit tenants has always been very strong,” Wright said. “Sprint, the third-largest wireless network operator in the US, has been able to take advantage of the location’s strong traffic counts and great visibility.”

Sprint has operated in the location since 1998, currently paying a market rent with one of the top performing locations in the region.

“Retail values have rebounded over the past 12 to 24 months as the economy has improved,” Graber said. “Property performance has improved, interest rates have remained at all-time lows, and a lack of new construction has kept supply low.”

Jonathan Graber

 The freestanding Sprint is located at 3432 W. Kennedy Blvd. between Dale Mabry Highway and S. MacDill Ave. The telecommunications holding company serves more than 55 million customers and is a global 100 company.

For a complete copy of the company’s news release, please contact:

           Kelsy Pazur
813 839 7300 ext. 337
 Kelsy.Pazur@FranklinSt.com  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

MG Properties Group Completes More Than $80 Million In Multi-Family Acquisitions in California

Sterling Village, Vallejo, CA

Mark Gleiberman

San Diego, CA –MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of four multi-family properties in California totaling 770 units.

 “These acquisitions are an extension of the company’s strategy of growth throughout the western United States in markets where it has a long operating history and benefits from efficiencies of scale due to its existing portfolio,” according to Mark Gleiberman, MG Properties Group’s President.

 “As active value-add operators with a long-term investment horizon, each of these acquisitions has a unique fit within our existing portfolio and they are good examples of the types of compelling investment opportunities we are seeking in today’s market,” Gleiberman adds.

For a complete copy of the company’s news release, please contact:

www.BrowerMillerCole.com

HFF named to market for sale The Shoppes at Chino Hills in Chino Hills, CA

The Shoppes at Chino Hills, Chino Hills, CA

Bryan Ley

IRVINE, CA - HFF announced today that it has been named to market for sale The Shoppes at Chino Hills, a 388,000-square-foot, trophy lifestyle center located in Chino Hills, California.

HFF is marketing the property on behalf of the seller, a private Southern California-based investment group.  HFF handled the prior sale of this property in 2010 from a bank consortium group led by Bank of America to the current owner.

The Shoppes at Chino Hills was originally developed by Opus West in 2008.  Located at 13800-13920 Village Center Drive in Chino Hills, the property is part of a larger master-planned project that includes the Chino Hills Civic Center, Chino Hills City Hall, Chino Hills Police Station and the public library.

 The 94 percent leased property was designed by Altoon + Porter architects and is anchored by XXI Forever, H&M, Trader Joes, Banana Republic, Victoria's Secret and Barnes & Noble.

The HFF investment sales team representing the seller is led by senior managing director Ryan Gallagher, managing director Bryan Ley and associate director CJ Osbrink.

Ryan Gallagher

“This is a true trophy asset with enormous curb appeal and a great line-up of tenants.   It is centrally located and well known within the region as a top tier shopping destination,” said Gallagher.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

PM Hospitality Strategies Opens First Westin in Delaware

     

Westin Wilmington

                       

 WILMINGTON, DE, April 17, 2014—Officials with PM Hospitality Strategies (PMHS), a leading, national hotel management company, along with officials from a joint venture ownership group comprised of Buccini/Pollin Group and Westport Capital, today announced that the 180-room Westin Wilmington will open April 17.

Joseph Bojanowski

Connected to the Chase Center on the Riverfront in Delaware, the hotel is the first Westin-branded hotel in the state and the first new-build hotel in Wilmington since 1980.  PMHS will operate the hotel under a long-term agreement.

            "The opening is another important step in the revitalization of Wilmington's riverfront, and we are delighted to play a role," said Joseph Bojanowski, president of PMHS.

 "This project has allowed us to showcase all of our management skills from planning to brand selection, from construction oversight to pre-opening.  With the opening of this four-star hotel, Wilmington and the Chase Center are well positioned to be major players in the meetings and convention industry in the Mid-Atlantic region.” 

            “The new Westin may well be the most important Wilmington project in recent memory," said Michael Purzycki, executive director of the Riverfront Development Corporation of Delaware, the state-funded, non-profit corporation which owns and operates the Chase Center. 

Michael Purzycki

 "A catalyst for Chase Center business, it is a symbol of Riverfront’s dynamic future, and surely will further enhance Wilmington’s reputation as an attractive, regional visitor destination.”

“We are thrilled to debut Westin Hotels in Wilmington’s dynamic Riverfront district, which has been transformed into a leading entertainment and cultural center,” said Brian Povinelli, Global Brand Leader for Westin Hotels & Resorts and Le Meridien. 

“Business and leisure travelers are invited to recharge and revitalize at The Westin Wilmington with the help of all the Westin brand’s signature programs and amenities, designed to send them home feeling better than when they arrived.”

The hotel's full-service restaurant, River Rock Kitchen, serving locally sourced and seasonally selected small plates, is led by chef David Lattomus and also will offer the Westin brand’s signature SuperFoodsRX® menu.

For a complete copy of the company’s news release, please contact:

Chris Daly, Jerry Daly

 media

 (703) 435-6293

 chris@dalygray.com

Charles Dunn Co. Completes $1.63 Million Sale of 24-Unit Multifamily Property in Los Angeles

  

844 and 846 West Martin Luther King Jr. Boulevard Apartments, South Los Angeles, CA

  

Mario Gallo

 LOS ANGELES, CA, April 16, 2014 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $1.63 million sale of a fully occupied, 24-unit multifamily property located at 844 and 846 W. Martin Luther King Jr. Blvd. in south Los Angeles.

Ramin Gheitanchi and Mario Gallo of Charles Dunn Company represented buyer, Full Moon Management LLC. Gheitanchi also represented the sellers, Hertz Family Trust and MSM Trust. The closing cap rate was 5.9 percent.

Built in 1924 and 1925, the two 12-unit sister buildings are located across the street from the Los Angeles Memorial Coliseum and just south of University of Southern California (USC). 

There are 21 studio units and three one-bedroom units.

Ramin Gheitanchi

“The sellers needed a quick closing due to a balloon payment coming up on their loan,” said Gheitanchi. “We procured an all-cash buyer that made a non-contingent offer and closed escrow in less than 30 days.

"The buyer is a long-term holder who plans to renovate the property and add value by bringing the rents up to market rates.”

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

 www.charlesdunn.com

CBRE Orlando Lists Three Prime Properties in Maitland Center Office Submarket

  

ORLANDO, FL -- CBRE, as exclusive advisor, is pleased to offer Maitland Green I & II together with Southpoint Executive for sale in the prestigious Maitland Center office submarket, one of the most established suburban submarkets in the Southeast.

Maitland Center’s large concentration of institutional developers and owners has historically been a strong draw for credit tenants.

Investment Highlights

Ron Rogg

 Leasing Momentum—The Portfolio has consistently demonstrated its desirability within the market by attracting 14 new tenants including 125,092 square feet since mid-2012, and a total of 134,493 square feet when accounting for renewals and expansions.

  

 Credit Tenant Base—137,967 square feet, approximately 50 percent of the portfolio, is occupied by credit tenants, including two government credit tenants and seven public companies with a combined market cap of more than $60 billion.

  Predictability of Cash Flow —The average remaining lease term for the Portfolio is 4.0 years, thus providing investors with predictable cash-flow while maintaining the opportunity to take advantage of market rent growth in the future. There is less than 4% rollover in the first year of the analysis, while averaging only 8.1% annual rollover during the first three years. The five largest tenants (128,249 SF) have an average remaining lease term of 4.9 years.    

  

 Value Enhancement—The Portfolio is poised for significant value enhancement through the marking to market of certain in-place tenant leases. Average in-place rents are below the weighted average future market rent projections, allowing an investor to unlock significant value from the re-leasing of future rollover and leasing of vacant space.

 Upside Potential—With no new large office building construction in the entire Orlando MSA, the Portfolio's approximately 60,708 square feet of vacancy will be perfectly positioned to capture tenant demand.

 Barriers to Entry—There are no remaining available land sites within Maitland Center that will support large office building construction, which results in product scarcity, and promotes strong, sustainable rent growth.

 Positive Job Growth—Orlando leads the State in number of jobs created and on a growth percentage basis.

 Unencumbered/Market Financing—The property is offered unencumbered by existing financing. The combination of credit occupancy, strong in-place income, and upside potential will enable investors to maximize returns through aggressive financing alternatives.

For a complete copy of the company’s news release, please contact:

Ronald J. Rogg, CCIM

Executive Vice President

+1 407 839 3194

ron.rogg@cbre.com

CoreNet Global Southern California Chapter Names 201402915 Board of Directors

Kelly Reenders

Southern California – The Southern California chapter of CoreNet Global, the world’s leading association for corporate real estate (CRE) and workplace professionals, service providers and economic developers, announced the appointment of its 2014-2015 Board of Directors.

 The board is led by Chair Kelly Reenders, economic development agency administrator, County of San Bernardino, and President David Callahan, senior vice president, Avison Young. 

The Southern California chapter represents the third largest CoreNet Global chapter in the nation. For 2014 the chapter will be focused on adding significant value to its corporate real estate members through education, peer-to-peer networking and industry leadership.

“Supporting the corporate real estate function as well as building our base in Southern California remains central to our focus this year. We’re committed to being a source of education, networking and career advancement for our industry.

David Calllahan

“We have a full slate of educational programs critical to advancing the business goals of our members and we’re working to bring together resources to tackle issues impacting today’s workplace,” said Reenders.

Callahan added, “CoreNet will continue to provide a forum in which corporate real estate professionals are encouraged to share ideas, experiences and best practices with their peers. 

“As an organization, we are always searching for new ways to deliver value to our members.  This year, we’ve added several strong corporate real estate executives to our board.  Their input, based upon real world experiences, will prove valuable in shaping the direction of the chapter.”

Serving on the 2014-2015 Board are the following industry professionals:

•             Immediate Past Chair/Treasurer: Tommaso Trinchieri, CBS Corporation.

•             Immediate Past President/Summit Liaison:  John Clement, VenturePoint Property

•             Secretary: Fernando Villa, Allen Matkins

•             VP Sponsorship/Chair Elect: Elise Luckham, First American

•             VP Special Events-REmmys/President-Elect: Megan Hebdon, City of Ontario

•             VP Special Events - Golf: Frances Pawlak, Herman Miller

•             VP Education/Professional Development: Karen Vincent, Cushman & Wakefield

•             VP Young Leaders/ Mentorship: Chirs Bald, Unisource Solutions Inc.

•             VP Communications Jessica Thompson, Spaulding Thompson & Assoc.

•             VP Social Media: Emilie Cope, EdgeCore Real Estate Group

•             VP Los Angeles: Rachael Zanetos, Brookfield Office Properties

•             VP Los Angeles: Laurel Harrison, Gensler

•             VP Inland Empire: Joe Cesta, CBRE

•             VP Orange County: Jo-E Immel, Snyder Langston

•             VP Orange County: Jeff Manley, Cresa

•             VP Orange County: Russell Tieman, Experian

•             VP San Diego: Alex M Perry, Northern Trust

•             VP Ambassador / Membership: Scott Steuber, Avison Young

•             VP Ambassador / Membership: Gary Gerson, Irvine Company

•             VP Ambassador / Membership: Terri Johnson, Avery Dennison

•             VP Ambassador / Membership: Peter Kristensen, Warner Bros. Studios

CoreNet Global Southern California Board of Directors 

Two of the chapter’s most popular events will be held this year. They include the CoreNet Global Southern California Golf Tournament, to be held May 29 at the Resort at Pelican Hill, and the REmmy Awards and Charity Gala, to be held November 6 at the Vibiana in downtown Los Angeles.

 The Southern California chapter of CoreNet Global is focused on advancing real estate knowledge, connecting people, and promoting personal excellence through programs focused on the needs of its 400 local members.

For information about members, programs or sponsorship, contact the chapter office at 714.282.8480 or go to www.sccorenet.org.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Marcus & Millichap Lists Development Opportunity on Biscayne Boulevard in Miami, FL Priced at $6 Million

The land is located on Biscayne Blvd. between NE 30th and NE 31st Street
 at 3023 Biscayne Boulevard in Miami, FL.

  

MIAMI, FL, April 16, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced it has received the exclusive listing for two land parcels totaling 20,240 square feet in downtown Miami, FL. The asset is priced at $6,000,000.

Ryan T. Shaw

Ryan T. Shaw, a Senior Associate in Marcus & Millichap’s Miami office, has the exclusive listing to market the property on behalf of a local private party seller. 

“The property is located within blocks of new luxury development projects including: Paraiso Bay, Biscayne Beach and Icon Bay as well as class-A office buildings. 

“With several national retailers located nearby and easy access to the interstate, it is the prefect mixed-use development opportunity for national tenants entering the market. The residential component will capitalize on the demand of renters who wish to live where they work and play,” says Shaw.

The zoning, under Miami 21, is T6-36A-O. The zoning allows for a development of 242,880 square feet with a total height of 36 floors. The zoning buildable units is approximately 69 units.

 The land is located on Biscayne Blvd. between NE 30th and NE 31st Street at 3023 Biscayne Boulevard in Miami, FL.

For a complete copy of the company’s news release, please contact:

Kirk A. Felici

First Vice President/Regional Manager

Miami, FL

(786) 522-7000

MBA to Host 2014 Strategic Markets & Diversity Conference in Washington, DC

Debra W. Still

WASHINGTON, D.C. (April 3, 2014) – The Mortgage Bankers Association (MBA) announced today that it would host the 2014 Strategic Markets and Diversity Conference, June 25-27 at the Westin City Center in Washington, DC.  

The conference is designed to bring together industry leaders, community organizations, hiring and recruiting specialists and others interested in increasing diversity among real estate finance company personnel, vendors and homebuyers.  More information can be found here.

At the same time, MBA also announced the members of its appointed Board of Directors Diversity and Inclusion Committee as well as four strategic areas of focus that will drive the group’s work in 2014.

Committee Members are:

Debra W. Still, CMB, President & CEO, Pulte Mortgage (Chairman)

Gary Acosta, CEO, Community Asset Solutions

Teresa Bazemore, President, Radian Guaranty Inc

Brad Blackwell, EVP, Wells Fargo Home Mortgage

Byron Boston, President & CEO, Dynex Capital, Inc

E.J. Burke, EVP, Key Bank Real Estate Capital

Daryl Carter, CEO, Avanth Capital Management, LLC

Craig Chapman, CEO, Salataris

Teresa Bazemore

Kyung Cho-Miller, VP & Assistant General Counsel, Chase

Bill Cosgrove, CMB, CEO, Union Home Mortgage

Rodrigo Lopez, CMB President & CEO, Amerisphere Multifamily Finance, LLC

Don Maxwell, Principal, Genesis

Betty Shaw, SVP – Head of Mortgage Lending, Bank2 Native American Home Lending

David Willmarth, VP, OSM and ISD Business Solutions, Pulte Mortgage LLC

For a complete copy of the company’s news release, please contact:

   

John Mechem

(202) 557-2924