McCann Realty Hires Texas Based Vice President of Acquisitions

RICHMOND, Va. and DALLAS, June 25, 2013 /PRNewswire-USNewswire/ -- B. Todd Marney has joined McCann Realty Partners ("MRP") as Vice President of Acquisitions.  Marney's chief responsibilities will be overseeing MRP's acquisition and related asset management activities in Texas focusing on the Austin, Dallas/Ft. Worth, Houston and San Antonio markets.

From 2005 to 2012, Todd served as Senior Vice President of Acquisitions and Asset Management for Eliason Real Estate Group.  Prior to joining Eliason, he worked in asset management with Invesco Real Estate and Prentiss Properties Trust in Dallas, Texas.  During his tenure with Eliason, Marney successfully created a national-scope acquisition and asset management platform and acquired over 5,000 core, core-plus and value-add apartment units with total market value of over $450 million.

"I am very excited about this opportunity to join MRP and direct their acquisition program in Texas," Marney said. "We are currently looking at multiple opportunities in several Texas markets."

"Todd's experience and background are a perfect fit for MRP.  We are thrilled with the acquisition skill set and market knowledge that he brings to our company," said MRP's Chief Investment Officer Brand Inlow.  "With Todd aboard, we are continuing our acquisition program in Texas while also looking to acquire more assets in the Southeast and Mid-Atlantic regions."

MRP is currently seeking apartment acquisitions in the Mid-Atlantic, Southeast and Texas.  For more information, please contact Brand Inlow, Chief Investment Officer, at (804) 290-8870 or Todd Marney, Vice President of Acquisitions, at (214) 363-6200.

McCann Realty Partners and its principals have decades of diverse experience and a very strong track record in the apartment industry. With offices in Richmond, Virginia and Dallas, Texas, MRP teams with institutional capital sources to acquire, develop and manage apartment communities in the Southeast, Southwest, Mid-Atlantic and adjacent regions. The Company is in the market continuously to acquire both Class A and value-add apartment communities of 150 units or more. MRP is also currently developing apartment communities in Dallas, Houston and Orlando.

Since inception, MRP has acquired 23 apartment communities totaling more than 5,850 homes in transactions valued at approximately $485 million. MRP has also completed or has under development 7 communities totaling 2,182 homes with an estimated completed value of $240 million.  For more information, visit www.mrpapts.com.

Contact: Fleet Wallace, McCann Realty (804) 290-8870

SOURCE McCann Realty Partners



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