ATLANTA, April 20, 2016 /PRNewswire/ -- RCG Ventures announces Mark Worley has joined the executive team as President and Chief Operating Officer. Mr. Worley will lead RCG as it continues to establish itself as the premier leader of value-add real estate in the country.
"I am very pleased to join RCG Ventures," Mr. Worley said. "The company is the leading firm in commercial real estate services and has a well-established strategy to strengthen its market position. I look forward to working with my fellow colleagues to help the company continue its success and value creation."
Mr. Worley brings over 25 years' experience to the role, most recently as President (South) at Brixmor Property Group. While at Brixmor he oversaw approximately 29 million square feet of community and neighborhood shopping centers in the Southeast.
"Mark is a wonderful addition to our team," said Brad Garner, RCG's Chief Financial Officer/Chief Investment Officer. "We will benefit significantly from his extensive, far-reaching experience and proven strategic insight."
Previously, Mr. Worley was Senior Vice President, Southeast Region of New Plan Excel Realty Trust Inc., a predecessor of Brixmor Property Group. In addition, Mr. Worley has held various positions over his real estate career with his primary focus on leasing and redevelopment. Over the last 15 years of his career, Mr. Worley has run a fully complemented team to include leasing, property management, legal, construction and accounting.
"Mark's passion for the industry, strategic vision and deep client relationships will strengthen our operation and take us to the next level," said Michael McMillen, RCG's Chief Executive Officer.
About RCG Ventures
RCG Ventures, an affiliate of Argonne Capital Group, is an Atlanta-based privately funded real estate investment group that acquires shopping centers, redevelops assets, and develops commercial real estate in the Continental United States. The company's primary focus is acquiring and repositioning value-add anchored shopping centers in secondary and tertiary markets.
Founded in November of 2003, RCG Ventures has steadily grown its portfolio through direct equity investment in shopping centers. In addition, the company selectively enters into joint ventures with institutional partners and with owners in search of an equity partner. Since inception, RCG has acquired 149 assets totaling approximately $1 billion of Invested Capital. RCG's current portfolio includes approximately 90 assets in 20 states, and approximately 9 million square feet.
RCG recently closed on its fourth real estate fund in April of 2016, and plans to acquire $250 million of assets in this fund.
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SOURCE RCG Ventures