KBS Realty Advisors and KBS Capital Advisors have named Marc DeLuca as eastern regional president. In his new role, DeLuca, who replaces the retiring Chuck Lindwall, will be responsible for all acquisitions, dispositions and asset management activities for KBS in the Northeast, Mid-Atlantic and Southeast. Previously, DeLuca worked at Clarion Partners where he most recently served as managing director. KBS Realty Advisors is a private equity real estate firm while KBS Capital Advisors serves as exclusive advisor for KBS’ publicly registered non-traded REITs.
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–KBS Realty Advisors and KBS Capital Advisors announce 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 J. 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.”
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992. KBS Realty Advisors and its affiliated companies have completed transactional activity of more than $26 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs. For information, visit www.kbsrealty.com.