KBS Realty Advisors and KBS Capital Advisors revealed the hiring of Marc DeLuca as KBS' eastern regional president. DeLuca, a 19-year industry veteran, will be responsible for all acquisitions, dispositions and asset management activities for KBS in the Northeast, Mid-Atlantic and Southeast. He replaces the retiring Chuck Lindwall, who was responsible for KBS' eastern region since the company was founded in 1992. DeLuca since 1999 was with Clarion Partners in Washington, D.C.
where he most recently served as managing director, responsible for acquisitions and dispositions for the Mid-Atlantic region, spanning Delaware to South Florida. During DeLuca's tenure with Clarion he invested in all property types, acquiring more than $4 billion in product since January 2006 and closing more than $2.2 billion of loans.
"We are very excited to welcome Marc DeLuca to our team," said KBS CEO Charles Schreiber. "Marc has some very big shoes to fill as Chuck Lindwall had been the driving force for nearly all of our eastern region activity since our company was formed."
"We are confident in Marc's ability, having proved his acquisitions, asset management and team-building skills during his long tenure with Clarion, which is a very well-respected investment advisor," Schreiber said. "Marc is no stranger to the KBS portfolio, as he has bid on many of the same properties we have. Marc also beings a great deal of expertise in eastern region markets, which will be a great complement to our existing market leaders." Tags: