Swig names chief investment officer.

Kent M. Swig, president of Swig Equities, LLC, is pleased to announce that Paul R. Sygrove has been promoted to executive vice president and chief investment officer at Swig Equities. Previously he served as executive vice president and director of investments.

This promotion reflects the recent successful acquisition program and refinancing activity of Swig Equities. Since 2002, when Sygrove first joined Swig Equities, the firm has purchased over $2 billion of real estate properties comprising over 4 million square feet of commercial office space and over 1,500 units of residential apartments. In addition, the firm has closed in excess of $200 million of permanent financings over the past 24 months.

"Paul's talents are reflected in the many successes that Swig Equities has achieved. He has brought dedication, hard work and leadership to the firm, and I am extremely pleased to recognize his many accomplishments with this promotion," Swig said,

"I appreciate the confidence that Kent has shown in me and our teams and I look forward to the continuation of building a very successful real estate investment company based on the growth that the company has accomplished in the past three years," Sygrove said.

Swig Equities, LLC, is a real estate development, investment and management firm based in New York City with offices in San Francisco.

The firm is an active purchaser and developer of prime residential and commercial buildings as well as operating companies and securities. Over the past few years, Swig Equities has purchased and/or is in the process of developing in excess of $2 billion of properties, which includes the purchase of 110 William Street, 90 Broad Street; the purchase and renovation of 80 Broad Street; the purchase and renovation of historic 48 Wall Street; the purchase and renovation of 44 Wall Street, a 350,000 square foot office building; the purchase of 770 Lexington Avenue.