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GMH Adds Controller; Bleznak Forms Firm

PHILADELPHIA-In unrelated executive shifts, Andrew Bleznak leaves Amerimar to form Abco Properties, and GMH Communities Trust hires a former KPMG exec to oversee financial reporting.

By Marita Thomas | Updated on August 30, 2006

PHILADELPHIA-Abco Properties sets up shop here. In a separate, unrelated top-level management shift, Newtown Square-based GMH Communities Trust, which has suffered a series of delays in financial reporting adds a new corporate controller.

Andrew Bleznak, former VP of locally based Amerimar Enterprises Inc., has left to form his own firm, Abco Properties. Bleznak tells GlobeSt.com Abco plans to acquire and develop office and retail properties, “primarily in the tri-state area. On the office side, we’re targeting acquisitions that have elements of stability and traditional value-added opportunities,” he says.

“We have access to significant capital sources and also have a retail partner and a development property in mind,” he adds, declining to identify the type or location. Bleznak was with Amerimar for the past nine years, and says, “it’s been a wonderful experience, but I wanted to form my own company, and the time seemed right.”

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