American Realty Board Appoints Butler and White Directors; Board Member Richard Humphrey Resigns.Business Editors DALLAS--(BUSINESS WIRE)--July 2, 2003 American Realty Investors, Inc. (NYSE NYSE See: New York Stock Exchange :ARL ARL - ASSET Reuse Library ) announced Tuesday that the company's board has appointed Henry A. Butler, 51, and Martin H. White, 63, as directors to serve until the 2003 Annual Meeting of Shareholders. White was also appointed to serve as a member of the audit committee. With the addition of the two, the board's membership stands at five directors due to the recent resignation of director Richard Humphrey. Butler is a real estate broker specializing in the major U.S. markets. He has 26 years of experience in commercial real estate. Since 1992, Butler has served at Basic Capital Management, Inc., advisor to ARL until June 30, 2003, in BCM's land sales group, where he has directed a number of important re-zoning projects in Dallas and other large commercial real estate markets. Effective July 1, 2003, Butler provides such services to Prime Asset Management, Inc., the new advisor to ARL. Prior to BCM BCM Baylor College of Medicine BCM Become BCM Business Communications Manager (Nortel) BCM Broadcom Corporation BCM Business Continuity Management BCM Business Contact Manager (Microsoft) , Butler led his own real estate firm with commercial holdings in the Southeast, and was an acquisition specialist and shopping center developer for real estate companies nationwide. White is a licensed California Real Estate Broker and California Investment Advisor. He is the 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. of Prime Consultants Group which specializes in business and residential commercial investments. White is the Regional Director of the Neighborhood Assistance Corporation of America (NACA NACA National Advisory Committee for Aeronautics NACA Network of Aquaculture Centres in Asia-Pacific NACA National Action Committee on AIDS (Nigeria) NACA National Advisory Council on Aging NACA National Association of Consumer Advocates ) a private non-profit residential housing lender. He also has a long business history as both a commercial and residential developer in both private and local government. Both Butler and White also serve as directors of Transcontinental Realty Investors, Inc. (NYSE:TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers. ) and White serves as a director of Income Opportunity Realty Investors, Inc. (AMEX AMEX See: American Stock Exchange :IOT). Butler also served as a director of IOT until June 30, 2003. American Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio if equity real estate located across the U.S., including office buildings, apartments, hotels, shopping centers, and developed land. The company also has interest in mortgage loans and real estate-related entities. For more information on the company, go to www.amrealtytrust.com |
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