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Lane Co. Makes CEO Change

ATLANTA-Chairman George Lane takes over for Bill Donges, who held the title since 2005.

By Carl Cronan | Updated on January 13, 2009

ATLANTA-Lane Co. has made a change to its top-line leadership. George Lane, chairman and founder of the locally based multifamily real estate firm, is resuming the title of CEO from Bill Donges, who held that position for the past three years and will remain with the company in an executive advisory role.

“It’s just a reflection of the times,” Donges tells GlobeSt.com in explaining the change. “The reality is that you have fewer projects and you don’t need as big an executive staff. We mutually agreed that this is the right move.”Donges adds that while Lane Co. remains active in property and asset management, the number of its multifamily projects has diminished greatly from previous years, largely due to capital markets contraction. This past fall, Lane broke ground on The Montage, a 19-story luxury apartment building in Downtown Orlando.

“Bill’s done a great job shepherding us through a strong period of growth, but unfortunately the real estate market is in a deep contraction,” Lane stated in a release. “While we want him to be free to pursue other opportunities, we are asking him to stay on as an advisor and continue to represent us as our ambassador to the real estate community.”

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