News

CHICAGO, IL – (June 4, 2013) – Hunt Companies, Inc., announced today that Executive Vice President and Chief Investment Officer Chris Hunt, will become CEO of the firm’s investment division, in addition to his current role as CEO of the development division. Chris Hunt will assume leadership responsibility for Hunt Investment Management, an affiliate of Hunt Companies, Inc. and a SEC-registered investment advisor. He replaces Douglas A. Tibbetts who stays on as Chairman of the investment management division. Ryan Luxon remains President and Glen Weisberg continues as Chief Operating Officer of Hunt Investment Management. In addition, other development company personnel will play a greater role in the sourcing, analysis, and monitoring of development pursuits, targeting investment opportunities for development projects in the core businesses of commercial real estate, infrastructure and P3 ventures. These moves are designed to integrate further the company’s development-investment-management platform. The strategy for the division’s realignment focuses near-term investment activities on development projects and asset management activities while the market opportunities continue to appear strong. Over the past year the company has become the nation’s second largest owner of multifamily real estate (as ranked by the National Multi Housing Council) with 144,200 units in its various portfolios. Hunt’s investment activities also include real estate related energy and infrastructure divisions. “Hunt is an extremely nimble company and we intend to invest strategically and expeditiously where we see the best chances to add value,” Chris Hunt said. “At present, new investment prospects and the most attractive risk adjusted returns appear visible in the development sector where our platform allows us to excel. Organizationally we intend to align our executive team more closely to ensure we seize the opportunities presented in the market today.” Hunt intends to grow its investment business both organically and through timely acquisitions of existing businesses and talented professionals which can complement its platform. ABOUT HUNT Hunt Companies, Inc. is a diversified real estate operator involved in development, investment, and management with a focus on multifamily housing, public private partnerships, military housing, community development, and investment management. Founded in 1947, Hunt is a private company, headquartered in El Paso, Texas, with more than 1,000 employees. Together, Hunt and its affiliates have $16 billion in assets under management and is ranked by the National Multi Housing Council as the nation’s second largest owner of apartments with 144,200 multifamily housing units. The company has developed 89,000 housing units and has investments in 6.5 million square feet of office, retail and industrial properties. Inclusive of multifamily, commercial and land development, Hunt’s project costs have totaled more than $6.4 billion with more than $8.2 billion in construction costs. Hunt Investment Management, a SEC-registered investment advisor based in Chicago, has $3.8 billion of assets under management and manages funds and separate accounts across all real estate sectors in the U.S. and Europe. Hunt has offices throughout the U.S. including Atlanta, Chicago, Columbia, Denver, Honolulu, Los Angeles, Memphis, Miami, New York, Philadelphia, Sacramento, San Francisco, Washington D.C. and international offices in Abu Dhabi, London and Mexico City. Visit www.huntcompanies.com to learn more about Hunt, its heritage and commitment to values that build.