 |  Jonathan A. Schein
President & CEO
Real Estate Media GlobeSt.com | 5/21/03: A few weeks ago, this column mentioned AIMCO, the multifamily REIT that had replaced American Airlines in the S&P 500. At the time, I mentioned that the move was a good sign for the real estate industry as an investment class. Well, S&P has done it again. The provider of independent research, indices and ratings recently announced that, based on strong demand, REITs have been added to more than 4,000 US companies ranked according to its Earnings and Dividend (so-called "Quality") Ranking System. The Ranking appraises growth and stability based on per-share earnings and dividend records over the most recent 10 years. In fact, 93 REITs meeting these criteria have been added. If you think about how poorly the economy has performed over the past two years and how some experts glumly predict the future of the economy, then this a terrific indicator of a stable and mature industry. REITs are not just real estate companies that are owned by the public, they are institutions that are maintained literally from the bottom up from the maintenance staff to the CEO. It's great to know that the secret is finally out. | | To receive the weekly Executive Postings email, register for our free daily NewsBlast in the upper righthand corner of this page. To post executive news, email a photo (JPEG) and brief employee biography to our site manager Michael Gilliard. This section of the page is updated daily. To announce an opening please click on Post-A-Job. | | |
 |  Leonard
| MARCUS & MILLICHAP
(ATLANTA, SEATTLE) The firm elects John M. Leonard, regional manager of the firm's Atlanta office since 2002, and Gregory S. Wendelken, regional manager of the Seattle office since 1998, to vice president positions. Wendelken joined the company in 1984, while Leonard came aboard in 1995. | |  Aldridge
| GE REAL ESTATE
(CHICAGO) The firm names Jeffrey P. Aldridge Jr. and 15-year industry veteran Sean C. O'Malley directors in the central region of the company's north america debt business. Both will operate out of GE Real Estate's Chicago office and will focus on real estate investors and borrowers in IL, MI, MN and WI. |  |  McNamara | GRUBB & ELLIS CO.
(CITY OF INDUSTRY, CA) Both Amy McNamara, who was with Grubb & Ellis from 1994 to 2002, and Jim Wynne, who worked for the company from 1998 to 2002, have rejoined as vice presidents with the firm's Office Group. They were previously at Insignia/ESG. |  DeJohn | WG PROJECT MGMT.
(HOBOKEN, NJ) 20-year industry veteran Mike DeJohn joins the company as a principal. He was previously a project director at Quartararo & Assoc. DeJohn is also the 2003-2004 president of the NYC chapter of corenet global, the corporate real estate network. |  Lamb | BAKER STOREY McDONALD MGMT.
(NASHVILLE, TN) 14-year industry veteran Kimberly Lamb joins the company as president and VP of property management, while nine-year veteran Sheldon Griffin has recently joined Baker Storey McDonald Properties in the capacity of senior associate. | |
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 |  | | SELECTLEADERS Asset Mgr. of Residential Investments NEW YORK CITY For more information, click here. | Responsibilities include: develop and implement annual business plans and monitor assets in accordance with the plan, including oversight of joint venture partners. Additionally, prepare annual property valuations with quarterly updates, monthly asset management reports. Position will establish procedures for effectively managing the portfolio and document in a manual and assist the underwriters in their evaluation of market rents, expenses, cap rates, etc. | | CONFIDENTIAL Acquisitions NEW YORK CITY For more information, click here. | Source and underwrite nationwide commercial and residential real estate investments and debt opportunities through network of principal, broker and lender contacts. Responsibilities include negotiating transaction documents, conducting due diligence and preparing financial analyses. Must be proficient in Argus and Excel. Five years minimum experience required. | | STRUEVER BROS. ECCLES & ROUSE
Asset Mgr. BALTIMORE, MD For more information, click here. | Ideal candidate will carry the responsibility for a portfolio of properties and is ultimately accountable for the performance of those assets. Will oversee operations; financial management and contact management functions; and will be the main contact person for all property management activities related to the area.
| | CIM GROUP Mgr. of Finance HOLLYWOOD, CA For more information, click here. | Three to five years in a progressively responsible finance role within the real estate development industry required. Must have experience negotiating/managing construction project financing, deal related financing, and/or corporate credit facilities in the real estate industry. Cash management/treasury experience is also preferred. An MBA is preferred for this position.
| | NATIONAL TRUST FOR HISTORIC PRESERVATION Real Estate Asset Mgr. WASHINGTON, DC For more information, click here. | Provide overall asset management of the fund's portfolio of historic tax credit equity investments, beginning during the closing process and continuing throughout the recapture period. Monitor all aspects of the investments, including compliance with Section 47 and operations of real estate to insure general partner meets its responsibilities outlined in partnership agreements of the Banc of America historic tax credit fund and other funds to be established. | |
| To receive the weekly Executive Postings email, register for our free daily NewsBlast in the upper righthand corner of this page. To unsubscribe click here. To post executive news, email a photo (JPEG) and brief employee biography to our site manager Michael Gilliard. This section of the page is updated daily. To announce an opening please click on Post-A-Job. |
