GlobeSt.com: There are cosmetic changes and then there is the meat behind them. Where's the beef?

Smith: Our focus became more on acquiring value-added office and hotels, while before it was more driven by location. Also, my whole focus for the past eight years has been on private equity.

GlobeSt.com: And a more national push. Correct?

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.