CT REALTY INVESTORS APPOINTS NEW VICE PRESIDENT OF MULTI-FAMILY ACQUISITIONS

ALISO VIEJO, CA – July 12, 2010 – (RealEstateRama) — Aliso Viejo, Calif.-based CT Realty Investors has announced that Dean P. Washle has joined the company as vice president of multi-family acquisitions. Washle will be responsible for locating, analyzing and evaluating multi-family opportunities for potential acquisition.  He will also conduct market surveys, investigate local economic factors, government policy and regulations, and evaluate their effects on long-term investment potential.

A real estate veteran with 18 years of experience in real estate brokerage transactions, land acquisitions, and commercial and residential development, Washle previously served as vice president of multi-family and land investments for Lee & Associates’ Riverside office.  He was also senior vice president of multi-family and land investments for Grubb & Ellis’s Ontario office.  Prior to his career in real estate brokerage, Washle developed single-family housing tracts and custom homes, apartment projects, condominiums, and several restaurants and retail centers.

Washle, a member of the American Industrial Real Estate Association and the Orange County Apartment Association, is also a California licensed real estate broker and salesperson and a California licensed general contractor.  He attended California State University at Long Beach where he studied industrial technology/construction management and engineering.  Washle is a 20-year resident of Anaheim Hills, Calif.

Since 1994, CT Realty Investors has raised capital and invested in a broad base of real estate investments through 10 independent CT-sponsored and managed Funds.  During its history, CT Realty Investors has cycled $2.5 billion worth of product in 170 transactions.  The focus of CT’s investment activities is to acquire well-located assets with the potential to enhance their value through a solid, hands-on approach.  Asset types are industrial, suburban office, retail, mixed-use, multi-family and self-storage properties primarily in the purchase range of $5 million to $75 million.

In addition to its focus on commercial real estate investing, CT operates four separate discretionary Funds that own and operate self-storage facilities throughout the southland.  CT, in its joint venture with CT/KDF, is also an active sponsor in the business of placing New Markets Tax Credits via its allocation from the U.S. Treasury Department (“NMTC”).

Contact:
Donna Hahn
Hahn Communications
(949) 458-3983
donna (at) hahnmarketing (dot) com