Lunine tells GlobeSt.com that with the US Securities andExchange Commission set to create an exception to its regulationslater this year that will allow commercial real estate brokers tosell any TIC investment, whether it is securitized or notsecuritized, Winston wants to be ahead of the curve in establishingoffices to service the broader brokerage community that will now beable to sell the products offered by TIC sponsors. "The SECexception is going to really open the door for real estate brokersto sell TICs," the new T.R. Winston exec says. "We need to havepeople in markets throughout the country to network with thosebrokers."

Lunine, who will be based in T.R. Winston's Century City office,says that the company initially expects to establish more officesin California and the Northeast, but it is also looking at Floridaand the Midwest as possibilities too. "We really want to go wherethe investors are, and those markets that I mentioned are reallythe hubs where the most activity has been," he says.

Leaving SCI "was a really tough decision because it is such agreat company," Lunine comments. He explains that one of the chieffactors influencing his decision was the chance to sell TICproducts from more than one sponsor. "When you are working for asponsor, the only product you can make available to brokers andinvestors is that sponsor's properties, but working for abroker-dealer, I can not only offer SCI's product, which I willstill be doing, but I can also offer every other sponsor's productas well."