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12/04/07
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ATLANTA (Dec. 04, 2007) – LNR Property Corporation’s Commercial Property Group, the company’s real estate development and investment division, is pleased to announce the appointment of David Welch as the new President of the Mid-Atlantic Region.
In this position, Welch is responsible for sourcing new acquisition and partnership opportunities, underwriting investments, developing projects and overseeing the marketing and sale of land and investment properties in the six-state region from Georgia to Washington, DC.
“We are very excited to have David as a part of the LNR team,” said Dana Sanders, chief operating officer for LNR Commercial Property Group. “His knowledge of development, especially in the markets along the Atlantic seaboard, will be a great asset to energize this region’s activities.”
Prior to joining LNR Commercial Property Group, Welch served as a senior executive with ProLogis, where he lead its operations in Atlanta, Georgia, Baltimore, Maryland and Washington, D.C.
At ProLogis, Welch was responsible for the development of nearly five million square feet of industrial buildings and the acquisition of five million square feet of industrial product and more than 1,000 acres of land.
“I am pleased to have the opportunity to further my career by obtaining a position with such a well-known and respected company in the real estate industry,” Welch said.
A commercial real estate broker for 11 years, Welch has held other high-ranking positions with CB Richard Ellis and The Carey Winston Company, where he specialized in the sales and leasing of industrial building and land in the Washington, D.C. metropolitan area.
Welch received his Bachelor of Science in Business Administration from the University of Kansas and an MBA from The George Washington University.
He holds a certificate of designation from the Commercial Investment Real Estate Institute and is a member of numerous real estate organizations, including; the National Association of Industrial and Office Properties, Society of Industrial and Office Realtors, the Real Estate Group of Atlanta and the Commercial Board of Realtors of Atlanta.
About LNR
Headquartered in Newport Beach, Calif., LNR Commercial Property Group is a private company that operates as the real estate development and investment division of LNR Property Corporation, a $3 billion company with corporate headquarters in Miami Beach, Fla. LNR is a market leader in the master planning and development of commercial properties and is invested in large commercial developments and redevelopment transactions that range in size from $10 million to more than $100 million. Supported by 15 offices across the United States, LNR has been responsible for the successful development, redevelopment and repositioning of more than 1,000 properties in 33 states during the last 15 years. Its expertise extends to a range of property types including office, industrial, retail, apartments, hotels, land and military base reuse. Additional information on LNR’s Commercial Property Group can be found at www.lnrcpg.com.
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