Carl Willgeroth Named C.O.O. at Evergreen Realty Group.

PASADENA, Calif. -- Carl F. Willgeroth, 58, has been appointed Chief Operating Officer of Evergreen Realty Group, LLC, according to President Luke V. McCarthy.

"Carl will take over the No. 2 position in the company to handle all operational matters, leaving me free to pursue acquisitions for our 1031 Exchange programs, our REIT, collegiate living communities and senior housing/assisted living sector," McCarthy said.

"For the past 30 years, Carl has headed his own firm or been a chief executive with other partners in evaluating, acquiring and selling multi-family apartments, office buildings and a wide range of other properties," McCarthy pointed out. "He also has extensive dealings with institutional partners in real estate, a field we plan to enter this year," he added.

For the past nine years, Willgeroth has been a Managing Member of Buena Vista Realty Advisors, a fund established by Salomon Smith Barney. He was a Managing Member of The Sammis Company and Sares Regis Group in Newport Beach, CA for the prior 20 years. Those two organizations acquired approximately $3.2 billion in commercial space, land development projects, apartments purchase, apartments constructed and condominium conversions before disposing the last of the portfolio in 1998.

Willgeroth received a Bachelor of Arts degree in history in 1970 and a Masters degree in finance in 1971 from the University of Southern California. He is a member of the Urban Land Institute and the International Council of Shopping Centers.

Evergreen Realty Group primarily acquires properties valued at between $5 million and $30 million in the West, Southwest, Southeast and Midwest for Class "A" apartments, mid-rise office buildings, single-tenant industrial complexes and self-storage properties.