ATLANTA--(BUSINESS WIRE)--Branch Properties, LLC, (“Branch”), a private real estate investment firm focused primarily on high-quality, grocery-anchored neighborhood and community shopping centers located in the southeastern United States, announced today that it has appointed Richard H. Ross to the position of executive vice president and chief financial officer, effective immediately.
Over the past 40 plus years, Branch and its affiliated companies have acquired, developed and managed over $2.5 billion of commercial real estate, accounting for more than 12 million square feet of leasable space. Branch’s investment acumen, operating experience, market relationships and access to capital enable it to source and execute attractive risk-adjusted investment opportunities on behalf of its investors and partners.
Nick Telesca, President, commented on the appointment, “We are pleased to announce that Richard is re-joining Branch. His extensive real estate and capital markets experience and proven operating capabilities will contribute greatly to our future success. Furthermore, we believe Richard’s recent experience, commitment, and strategic vision position him well to continue to improve our operations and enhance investor value.”
Mr. Ross served as Branch’s Chief Financial Officer from April, 1998 through December 2010. Until September, 2015, Mr. Ross served as Chief Executive Officer and President of Trade Street Residential, Inc. (NASDAQ:TSRE). Prior to that, Mr. Ross served as Chief Financial Officer of TSRE, having previously served as a financial consultant to TSRE since August 2013. In March 2011, Mr. Ross founded Chiron Consulting, LLC, an independent financial and operations consultancy, where he worked until becoming TSRE’s Chief Financial Officer. Mr. Ross also serves as a director of Independence Realty Trust, Inc. (NYSE:IRT) and is a Certified Public Accountant in Georgia and Florida.
About Branch Properties, LLC:
Branch Properties, LLC is a full service, vertically integrated, self-administered and self-managed real estate operating company focused on acquiring, developing, operating and managing well located, grocery-anchored neighborhood and community shopping centers located in the southeastern United States.
