Dallas, TX (April 12, 2011) — Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces the addition of Richard Furr to ARA's Dallas, TX-based brokerage office. Furr will lead the Private Client Services team, specializing in product located throughout the Metroplex.
Furr brings a stellar track record to the table through his previous alliances with both Milestone, where he was Head of Acquisitions and a member of Milestone's Investment Committee, and JPI, where he was an acquisition partner and Divisional Senior Vice President. He has been responsible for over $1 billion of multi-family transactions throughout his 20-year career.
Commenting on his reasons for joining ARA, Furr said, "I know ARA to have the best reputation in the marketplace and to be a true national player. Their teamwork approach is most appealing in that it promotes long-term growth and success in the careers of all members involved... culturally this is a very good fit for me."
"We feel very fortunate to be able to add Richard to our roster" said Brian O'Boyle, principal of ARA's Dallas office. "We have a dynamic team in place and Richard's vast experience and strong relationships will further enhance our capability to provide the best service to our clients. Richard comes to us from 'the other side of the fence' and brings with him a comprehensive understanding of what today's buyers need and want. We're happy that he accepted the position on our team and look forward to his tenure with ARA."
Furr is a graduate of Texas Tech University and received his master's degree in Land Economics and Real Estate from Texas A&M University.
To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, (Linda Dugo, at dugo@ARAusa.com or 214.420.3111.
About ARA
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. 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 has resulted in average annual production volume of $5.5 billion in real estate transactions since 2005. For detailed information on ARA's extensive multihousing investment services, visit www.arausa.com.