Tarragon names Rothenberg COO.Tarragon tarragon (târ`əgŏn), perennial aromatic Old World herb (Artemisia dracunculus) of the family Asteraceae (aster family), of the same genus as wormwood and sagebrush. Realty Investors, Inc. announced the appointment of Robert Rothenberg to its Board of Directors and to the post of Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (COO). As COO, Mr. Rothenberg will be responsible for all Tarragon operations, including management of close to $1 billion in multi-family and commercial properties. Mr. Rothenberg is the Managing Member of Ansonia LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which, together with Tarragon, its majority partner, acquired and repositioned approximately 2,600 apartment units in Connecticut over the last three years. Mr. Rothenberg has more than 16 years of broad-ranging experience in real estate acquisitions, development and management, ranging from luxury, high-rise residential property development in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. to industrial building rehabilitation in the Midwest. He will be based at Tarragon's headquarters in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Eileen Swenson, CPM, has also joined Tarragon as President of Tarragon Management, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Tarragon Realty Investors. In her new role, Ms. Swenson will be responsible for oversight of Tarragon's residential portfolio. Prior to joining Tarragon, Ms. Swenson was the founder and President of Accord Properties Associates, which has managed the Ansonia apartment portfolio as well as other privately owned properties. Swenson has managed over $1 billion worth of real estate in her 19-year career. In related moves, Saul Spitz spitz Any of several northern dogs, including the chow chow, Pomeranian, and Samoyed, characterized by a dense, long coat, erect pointed ears, and a tail that curves over the back. In the U.S. joined Tarragon as Executive Vice President, Acquisitions and William Thompson, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , joined Tarragon as Executive Vice President and Chief Information Officer. Spitz will identify new properties for acquisition in Florida and the northeast and will supervise the disposition of seasoned properties in the Tarragon portfolio. Prior to joining Tarragon, Thompson served as Chief Financial Officer for Accord Ventures. Thompson's experience includes property accounting, assetmanagement and financing. Tarragon also announced that it has agreed to acquire Accord Properties Associates and affiliates in which Rothenberg, Spitz and Swenson are equal partners for a combination of cash and Series A preferred stock having a total value of approximately $600,000. The acquisition, which is expected to close in January 2001, will free the Accord partners to devote full time to their new positions at Tarragon and will give Tarragon a toehold in third-party, fee management. "The appointment of these four, seasoned executives is a milestone for Tarragon -- as significant for the future as the recognition that we now own or control real estate having a market value of almost one billion dollars," said William S. Friedman, President and Chief Executive Officer of Tarragon. |
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