FOR IMMEDIATE RELEASE
Contact:
Amy Holland Lisa Robinson
Apartment Realty Advisors Apartment Realty Advisors
(678) 553-9366 (678) 553-9360
www.ARAusa.com www.ARAusa.com
Apartment Realty Advisors (ARA) Expands into Washington State Market
Jim Claeys, Former CBRE Veteran, Tapped to Run Regional Office
Seattle, WA (September 10, 2007) — Apartment Realty Advisors (ARA), the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, today announced its expansion into Washington state with the opening of their 16th office in Seattle. “Expansion into the very hot Seattle market, current ranked as a top 5 market in the nation, has been in the works for a while, largely driven by clients who are either in that market or want to be in the market. We listened to our clients, studied the market, and methodically searched the market for the right candidate to run the operation. We found that in Jim Claeys, “said ARA partner Jeff Patterson.
Former CBRE veteran, Jim Claeys will lead the Seattle office and expand the operation into the Portland market. “We are thrilled to have a professional of Claeys’ caliber to open and operate ARA’s Pacific Northwest office. He not only brings an unparalleled combination of talent, knowledge and track record to the company, but as a Seattle native, he has developed extensive relationships that can only be attained from living and working in the market,” said Richard Robinson, ARA president.
ARA’s unique business model and national platform convinced Claeys to make the move from CBRE, where he was a top multifamily producer for the past three years. “The decision to join ARA was an easy one,” said Claeys. “Their business model of shared relationships and knowledge ensures that my team and I are working collaboratively with ARA professionals across the country; not in competition with them, which translates into a heightened level of service to our clients.”
About Apartment Realty Advisors (ARA)
Apartment Realty Advisors (ARA) is the largest privately held, full-service investment advisory brokerage firm in the nation that focuses exclusively on the multihousing industry. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace resulted in $8.4 billion in real estate transactions in 2006. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com
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