Hotel Asset Managers Association Lori E. Raleigh, president of The Travelers Group, a hotel investment and asset management advisory firm based in Naples, Fla., has been elected president of the Board of Directors of the Naples-based trade organization. Raleigh is co-editor and author of Hotel Investments: Issues & Perspectives, published by the Educational Institute of the American Hotel and Motel Association.
GVA North America The-based branch of the GVA Worldwide international strategic real estate alliance has named a new roster of officers for 1998. The officers include Jean Laurin of GVA Devencore Ltd., president; Rand A. Diamond of GVA Williams Chicago, vice president; and T. Richard Bryant Jr. of GVA Goodman Segar Atlanta, treasurer.
Cencor Realty Services Marshall Mills, a financial management professional with more than 12 years of experience, has been promoted to CFO of the-based commercial real estate management and development firm. In his new role, Mills will be in charge of directing the company's accounting functions, as well as the development of its financing and acquisition strategies.
Amstar Group The Denver-based national real estate investment andcompany announced a major management reorganization to diversify its investment opportunities. Former senior executive officer Joe Crawford assumes the responsibility as COO. Former senior investment manager Brad Broyhill will replace Crawford as executive director.
Amresco The Dallas-based residential mortgage banking group appointed 25-year veteran of the mortgage industry Peter J. Levasseur president of AMRESCO Residential Mortgage Corp., the Irvine, Calif.-based division of the company. With the company since 1996, Levasseur previously served as managing director of capital markets at AMRESCO Residential Credit Corp. Before joining AMRESCO, he was senior vice president of Home Savings of America.
Coldwell Banker Commercial Corp. Jerry D. Anderson, CCIM, a 27-year veteran of the commercial real estate industry, has been appointed senior vice president for the Parsippany, N.J.-based corporation as national director of the Coldwell Banker Commercial" program.
CORFAC International The Chatham, N.J.-based Garibaldi Group announced that CORFAC International, a global network of independent commercial real estate companies, has recently appointed Peter Blanchard, principal of The Garibaldi Group, to chairman of its Referrals Committee. In his new role, Blanchard will be responsible for generating strategies that will enhance the number ofreferrals exchanged by CORFAC International affiliates.
AMB Property Corp. The San Fransisco-based firm has announced that David S. Fries has joined the senior management team as managing director and general counsel. In his new position, Fries will be responsible for general corporate issues and the structuring of complex transactions.
SL Green Realty Corp. The New York real estate trust has appointed Ann Isley chief financial officer. Prior to joining SL Green, Isley was the corporate treasurer of Massachusetts Mutual Life Insurance.
Concorde Realty Partners The newly formed New York real estate firm has named Johnathan W. Cappo senior vice president. In his new position, Cappo will direct the acquisition and asset management activities for the company.
John Burnham & Co. The San Diego-based real estate firm has promoted Steve Bollert to senior vice president. Affiliated with the company for over 10 years, Bollert had been specializing in the leasing of laboratory facilities and industrial properties.
Pension Real Estate Association Founder and CEO of Boston-based Property & Portfolio Research Inc. Susan Hudson-Wilson has been elected chairman of the Pension Real Estate Association (PREA). Hudson-Wilson previously held the positions of vice chairman and treasurer with the PREA board. NREI caught up with her to ask her a few questions about PREA's future and her role in it.
NREI: What about your background makes you well suited for your newfound position?
Hudson-Wilson: My company, Property & Portfolio Research, is a small independent business conducting research for institutional clients. So, I have two dimensions that help me "see the way" for PREA: I am a researcher and so I am totally committed to the educational mission of the organization, and I am the owner and operator of a small, rapidly growing firm, so I can be helpful to the staff of PREA on matters related to operations.
NREI: What are PREA's goals for the immediate future? Hudson-Wilson: PREA is currently running a capital campaign to replenish its pool of monies available to fund member initiatives, principally focused on the applied research, education and information needs of the institutional investment community. We are intending to raise $350,000 to ensure that when the membership comes up with great ideas for sponsoring research, developing new institutes, helping to cover the cost of the development of reporting standards, expanding the publication or the web page offerings, or other member-serving projects, we arein a position to evaluate the ideas and then get them done!
NREI: What changes do you hope to effect by heading PREA?
Hudson-Wilson: PREA recently went through an extensive and thoughtful strategy development process which produced some very meaningful plans for the organization. Some of these plans concerned the manner in which the organization is administered and others concerned the definition of our constituency and mission. We are in the process of putting the plans into motion, and I am highly focused on ensuring that the will of the Board is fulfilled. We affirmed our primary mission as a "safe place" to learn about all aspects of institutional real estate investment, and we recognize that, in order to accomplish the learning, our membership must be diverse and welcome all participants in the global real estate investment community.