Two new VP of asset management positions have been created as a follow-up to that course-correction, an AFR spokesman tells GlobeSt.com. Daniel DeCarlo and Richard Eiseman will fill them. DeCarlo previously served as assistant VP of budgeting and planning, while Eiseman was managing director of office sales and leasing for the Midwest region. Both will report to Fred Arena, SVP of asset management.

The move follows an asset-by-asset review, which relegated 237 properties to a held-for-sale category and identified 911 properties that are not being put up for sale. Of those, approximately 265 have significant lease-up potential. Pote promised they, and especially the 26 large assets among them that aggregate more than one million sf, would be the primary focus of efforts to "do whatever it takes to move the bottom line."

Other components of Pote's strategy, established when he took office in August 2006, are a strengthening of the bottom line, debt reduction, and increased transparency in financial reporting. The additional three promotions reflect those goals.

Brian Block has been promoted to SVP and chief accounting officer, responsible for the company's financing and accounting functions. Jeffrey Foster was promoted to SVP of real estate transactions and associate general counsel. Bryan Evoy, former assistant VP of acquisition finance, has been promoted to VP of treasury. He will continue to manage relationships with debt providers while also assuming responsibility for AFR's treasury operations.

In a statement announcing the five promotions, Pote says, "The efforts of these executives have been instrumental in the progress our company has made, and they will play an even more important role as we move forward." Future acquisitions will follow the company's initial model, which is centered on triple-net sale/leaseback transactions with financial institutions.