ARV Assisted Living Appoints Robert C. Larson as Director.Business Editors COSTA MESA, Calif.--(BUSINESS WIRE)--Feb. 15, 2002 ARV ARV abbr. Bible American Revised Version ARV n abbr (= American Revised Version) → traducción americana de la Biblia ARV n abbr (= Assisted Living Inc. (AMEX AMEX See: American Stock Exchange :SRS SRS, SRS-A see slow-reacting substance. ) today announced that Robert C. Larson has been named a director of the company. Larson replaces Jeffrey D. Koblentz who served as one of two representatives appointed by Prometheus Assisted Living L.L.C., an affiliate of Lazard Freres Real Estate Investors L.L.C. ("LFREI"), to ARV's five-member board. Earlier this month Koblentz resigned from the ARV board, following his resignation from LFREI. Douglas M. Pasquale, ARV's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "We are extremely pleased and fortunate to have an individual of Robert Larson's experience and prominence join our board. He will complement our board very well and will undoubtedly make significant contributions to ARV's continued growth and ongoing success. "I very much look forward to working with him as ARV explores its various strategic opportunities. Jeff made significant contributions to the board during his tenure. We thank him and wish him the very best in his future endeavors." Larson is chairman and managing principal of Lazard Freres Real Estate Investors L.L.C. and a managing director of Lazard Freres & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Larson is a director of several real estate operating companies in which funds managed by LFREI have invested including Brandywine Realty Trust Brandywine Realty Trust (NYSE: BDN) is a real estate development trust (REIT) in the United States that buys, sells, leases and manages approximately 225 commercial properties, no more than 25 industrial parcels of land, mixed-use property, and over 200 acres of undeveloped , and he is non-executive chairman of United Dominion Realty Trust Inc. Larson is also a director of Six Continents PLC and chairman of Larson Realty Group, a privately owned, Detroit-based company engaged in real estate investment, development, management, leasing and consulting. Prior to joining LFREI, Larson served in various capacities over a 26-year career with The Taubman Co., including chairman of Taubman Realty Group (1990-1998), vice chairman of Taubman Centers Inc. (1990 to 2000), CEO (1988 to 1990), and president and COO (1978 to 1988). He retired from active management responsibilities at Taubman in December 1998 and as vice chairman and director in May 2000. From 1956 until 1974 he held various management positions at Inland Steel Co. Larson is chairman of the ULI Foundation; a trustee of the Urban Land Institute; a member of the Executive Committee and immediate past chairman emeritus of the Advisory Board of the Wharton Real Estate Center at the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. ; and a member of the Visiting Committee of the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. Business School. He received a Bachelor of Arts degree in government and international relations from Carleton College. Founded in 1980, ARV is one of the largest operators of assisted living communities in the nation, currently operating 61 communities containing approximately 7,100 units in 11 states. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion