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John Preotle and Warren Lane.

John Preotle and Warren Lane formerly of Dean Witter Realty, have announced the formation of Preotle, Lane & Associates, a real estate investment and management company.

The two said they were taking the step because they believe the time is right to identify and undertake the purchase of income-producing property. The firm will act as principal in the transactions, which could include outright acquisition and ownership of property or the purchase of loans, Messrs. Preotle and Lane said.

Preotle has been in the real estate business for over 20 years, and Lane for over 15. For the last 10 years, they have held director and managing director positions with Dean Witter Realty and the real estate subsidiary of Dean Witter Financial Services. In addition, Preotle held the titles of managing director and executive vice president of Dean Witter Financial Services Group.

In addition to their investing and management activities as principal, Preotle and Lane said they would take on a limite number of consulting and advisory clients and would also consider a few select asset management assignments.
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Title Annotation:announce creation of Preotle, Lane and Associates real estate investment and management company
Publication:Real Estate Weekly
Article Type:Biography
Date:Feb 24, 1993
Words:176
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