KBS hires new eastern regional president
KBS Realty Advisors and KBS Capital Advisors announce the hiring of Marc DeLuca as KBS’ eastern regional president.
DeLuca, a 19-year industry veteran, will be responsible for all acquisitions, dispositions and asset management activities for KBS in the Northeast, Mid-Atlantic and Southeast. He replaces the retiring Chuck Lindwall, who was responsible for KBS’ eastern region since the company was founded in 1992.
Since 1999, DeLuca worked for Clarion Partners in Washington, D.C., where he most recently served as managing director, responsible for acquisitions and dispositions for the Mid-Atlantic region, spanning Delaware to South Florida.
During DeLuca’s tenure with Clarion he invested in all property types, acquiring more than $4 billion in product since January 2006 and closing more than $2.2 billion of loans.
No stranger to the KBS portfolio, DeLuca has bid on many of the same properties as KBS.
KBS Realty Advisors, based out of Newport Beach, Calif., is a private equity real estate company and SEC-registered investment advisor. KBS Realty Advisors and its affiliated companies have completed transactional activity valued at more than $26 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs.