COSTA MESA, Calif., Dec. 4, 2017 /PRNewswire/ -- Leading crowdfunding real estate investment platform, Rich Uncles, LLC, today announced the appointment of John H. Davis as its new chief financial officer and Jean Ho as its new chief operating officer and chief compliance officer.
"We are excited to welcome John Davis as our CFO," stated CEO Harold Hofer. "John brings decades of high-level accounting and audit experience, specifically focused on SEC-reporting REITs. John's presence on our team will promote seamless interaction with our outside audit firms, and his long track record in real estate ownership and finance will add further value to our REITs."
Mr. Davis comes to Rich Uncles after more than four decades with KPMG LLP, one of the world's four largest accounting firms, where he had served as a partner since 1988. In addition to his experience with public companies, including REITs, Mr. Davis is also a licensed certified public accountant in Colorado, and a member of the American Institute of Certified Public Accountants, the California CPA Society and the National Association of Real Estate Investment Trusts. He received his bachelor's degree in business administration from the University of Wisconsin-Whitewater and his master's degree in business administration from De Paul University.
Ms. Ho joined Rich Uncles, LLC in 2016 as the company's chief financial officer, where she has helped lead the acquisitions of 29 commercial properties across two Rich Uncles-sponsored REITs: Rich Uncles Real Estate Investment Trust I and Rich Uncles NNN REIT, Inc. Prior to joining Rich Uncles, LLC, Ms. Ho held positions as chief operating officer and chief financial officer of Soteira Capital, LLC, chief financial officer of MKA Capital Advisors, LLC, and with KPMG LLP, where she specialized in real estate, financial services, and high net wealth personal financial and estate planning. A certified public accountant since 2002 and a member of the California State Bar since 1996, Ms. Ho received her bachelor's degree in economics from UCLA, Juris Doctor, cum laude, from California Western School of Law and an LL.M. in taxation from University of San Diego School of Law. She is also an adjunct professor for the Graduate School of Finance at California State University, Fullerton.
In addition to the appointments of Mr. Davis and Ms. Ho, today Rich Uncles also announced that it has moved into its new corporate headquarters at 3090 Bristol Street in Costa Mesa. "The move is an exciting development for Rich Uncles," stated Hofer. "Our company has significantly grown in scale over the last three years, and our larger facility will allow for continued expansion and innovation across all departments."
About Rich Uncles
Rich Uncles was founded in 2012 with one purpose: to make access to commercial real estate investing available to everyone. Through its on-line, direct-to-consumer platform, Rich Uncles has achieved this by offering non-millionaires the opportunity to own commercial real estate with low barriers to entry, including $500 initial investment amounts. Five years later, Rich Uncles, LLC now manages 38 revenue-producing commercial properties which comprise over $261 million in value (as of September 30, 2017, 17 properties comprising approximately $126.6 million in assets are owned by Rich Uncles NNN REIT, Inc., and 21 properties comprising approximately $134.4 million in assets are owned by Rich Uncles Real Estate Investment Trust I). The investor response to Rich Uncles' technology platform has been remarkable; men and women from all origins have used Rich Uncles' platform as a means of investing in commercial real estate for the very first time, while seasoned investors have regarded Rich Uncles as the best possible complement to their already diversified, professionally managed portfolios.
3090 Bristol Street, Suite 550, Costa Mesa, CA 92626
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