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| News RELEASE |
Justin Long Named Acquisition Associate
of KBS Realty Advisors
Formerly Senior Investment Analyst, Long Will Assist Chris Aust to Source, Underwrite and Secure Assets in the Southeast Region
Newport Beach, Calif., May 6, 2010: Justin Long, senior investment analyst at KBS Realty Advisors since 2008, has been named acquisition associate of the company’s Southwest Region. The Laguna Beach, Calif., resident will now work with Christopher Aust, who joined KBS earlier this year as Southwest senior vice president and director of acquisitions and dispositions, to source, underwrite and secure commercial real estate assets in the fast-growing region encompassing southern California, Arizona, Colorado, Nevada and New Mexico.
One of the nation’s largest commercial real estate investment advisors and buyers, KBS-affiliated companies currently own 18 commercial office and industrial properties in the five-state Southwest Region totaling more than 2.8 million square feet.
As a KBS senior investment analyst, Long supported the company’s Central Region asset management team and national industrial portfolio, and was ultimately responsible for the analytical duties for more than 17 million square feet of commercial real estate. He developed annual business plans, valuations, monthly reforecasts, disposition analyses and client investment packages, among various other analytical products, and directly supported the Underwriting, Financing and Portfolio Operations/Client Reporting departments.
“Justin’s analytical acumen, work ethic and strong interpersonal skills will be a valuable addition to our investment efforts. During his tenure with KBS, he has demonstrated a unique ability to collaborate with various members of our extended real estate investment team – from regional presidents and asset managers to property managers and leasing brokers. The level of enthusiasm and analytical clarity that Justin brings to his new role will be essential to the on-going significant growth of our acquisition platform,” explained Aust.
Prior to KBS, Long was an acquisitions and due diligence associate with PASSCO Companies, LLC, of Irvine, Calif. During his four-year association with the company, he assisted in the acquisition of more than 1.5 million square feet of retail space with a market capitalization of more than $420 million.
About KBS Realty Advisors
Headquartered in Newport Beach, Calif., KBS Realty Advisors, is a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber. Since 1992, KBS has completed transactional activity of approximately $16.5 billion via 19 separate accounts, six commingled funds and two private equity REITs. KBS has offices in Newport Beach, San Francisco, Chicago, Boston, Dallas, New York, Washington, D.C., Atlanta and Los Angeles. For more information, visit www.kbsrealty.com.