Matthew T. Akin Named President of McCann Realty Partners

RICHMOND, Va. and DALLAS, Sept. 14, 2012 /PRNewswire/ -- Matthew T. Akin has joined McCann Realty Partners ("MRP") as a Principal and President.  His responsibilities will be overseeing MRP's day to day operations with particular focus on acquisition, disposition and development programs.

Mr. Akin has 23 years of multi-family real estate experience, the last 17 with UDR, Inc., a large national Multi-Family Real Estate Investment Trust with a total capitalization of $10 Billion (formerly called United Dominion Realty Trust).  His wide-ranging experience includes more than $7 billion in acquisitions and dispositions, as well as joint ventures, development, asset management, redevelopment, and finance and accounting.

MRP's Co-Founder and Principal John P. McCann will become Chairman.

"I am very excited about this opportunity to join MRP and its strong and experienced management team who I have known for many years," said Matt Akin. "John McCann and his partners have done a tremendous job building MRP's acquisition and development platform and capacity to access capital. We will continue to grow our portfolio through opportunistic acquisitions and a seasoned development and construction team while building on MRP's track record of providing outsized returns to our investors."

"Matt's leadership, experience and professionalism are a perfect fit for MRP," said John McCann.  "His addition as President allows us to plan, prepare and execute our company's growth strategy for many years to come.  As Chairman, I intend to remain active in our daily business for the foreseeable future and I am excited that Matt has chosen to join us.  Matt is the right choice to help lead MRP.  His skill set and background will enhance and complement our teams' ability to create value for our partners and investors."

McCann Realty Partners and its principals have decades of diverse experience and a very strong reputation in the apartment industry.  John McCann was a former long-time CEO of United Dominion Realty Trust and a past board member of the National Multi-Housing Council.  With offices in Richmond, Virginia and Dallas, Texas, MRP teams with institutional capital sources to acquire, develop, redevelop and operate 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.  MRP is also currently developing apartment communities in Dallas, Houston and Orlando. 

For more information about acquisitions, please contact Brand Inlow, Chief Investment Officer, at (804) 290-8870 or Denise Fansler, Vice President of Acquisitions, at (214) 363-6200.  For more information about development, please contact Mark Wood, Director of Development, at (214) 363-6200.  Please visit www.mrpapts.com.

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

SOURCE McCann Realty Partners, LLC