Cornerstone Names New President

Mark S. Higgins received a major promotion from ""Cornerstone Real Estate Advisers"":http://www.cornerstoneadvisers.com/, with his recent appointment as company president. Additionally, Higgins will chair Cornerstone's Direct Real Estate Investment Committee and continue his work with client investment strategy.

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Higgins ascension to president is part of Cornerstone's growth and expansion plan, and in his new role, he will oversee real estate investments, commercial property portfolios, acquisitions, asset management, and debt vehicles.

Previously, Higgins was the company's chief investment officer for the equity division, and he has been with Cornerstone sine 1996 in diverse roles.

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On the investment front, Higgins will handle debt and equity-based real estate transactions in North America and act as supervisor for the entity's diversified portfolio of commercial properties, including aspects related to equity acquisitions, asset management and disposition, and mortgages.

Cornerstone's CEO, David J. Reilly, said of Higgins' promotion, ""Mark is an extremely talented leader with an extensive background in real estate and a long history of accomplishment within our organization. It's with great confidence that I name him president, knowing that he will provide the kind of strong leadership that will sustain Cornerstone's current and future growth."" Reilly has been both the acting president and CEO during the past five years prior to Higgins' appointment.

Before joining Cornerstone, Higgins worked for clients such as ""HPI Realty Partners"":http://www.hpitx.com/ and Aetna Realty Investors. Commenting on his new position as the company's president, Higgins said, ""Cornerstone's ability to play across the entire real estate capital spectrum, providing a full complement of debt, equity and real estate securities expertise, brings a wealth of opportunity to our clients. I'm looking forward to working with our talented real estate investment professionals to continue Cornerstone's growth and strong performance.""

Cornerstone boasts affiliate and subsidiary offices in the U.S., Europe, and Asia. Around the world, the real estate company employees more than 300 people and has over $32 billion in combined assets.