As a 25-year veteran of the acquisitions and development field,Pecar was previously a senior executive with Melvin Simon &Associates and O'Connor Management in California, where he wasinvolved in the development and acquisition of retail and officeproperties. He will join senior vice president of acquisitionsPhillip Bakalchuk and CIO and co-managing director of the firm'sUrban Strategy America Fund John Dragat.

New Boston is currently developing Vista Club in Orlando andGallery Arts condominiums in Miami. Vista Club is a 246-unit condohotel project set to open in the fall that is being developed inpartnership with Buena Vista Hospitality Group. It features unitsranging in size from 330 sf to 567 sf that are priced from $165,000to $235,000. The Gallery Arts condominiums is a 187-unit project atNE 24th Street near Biscayne Boulevard that is being developed inpartnership with locally based HH Development.

The company also recently acquired the Preserve at Deer Park, a448-unit garden-style apartment community in Lutz. The complex iscomprised of 45 two and three story walk-up buildings.