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GMAC Chief Takes Seat On USOL Holdings Board

AUSTIN-GMAC Commercial Mortgage boss Robert Feller says his company stands behind the provider of telecom services to apartment complexes, but has "a vested interest in its success.

By Tim Green | Updated on December 11, 2001

AUSTIN-The largest shareholder of USOL Holdings Inc. has puts its president and chief executive on USOL’s board of directors. USOL provides telecommunications services to multifamily living communities through its U.S. Online subsidiary.

Robert Feller of GMAC Commercial Mortgage Corp. replaces Mark Sampson on the USOL Holdings’ board. Sampson is managing director of corporate finance at Newman & Associates, Inc., an investment banking firm owned by a subsidiary of GMAC Commercial Holding Corp.

The GMAC unit gained USOL shares through a deal in which USOL’s The Residents Club was to develop a private-label Internet service portal for GMAC. The Residents Club has been discontinued.

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