Caley, an 18-year veteran of the commercial real estate industry with more than 12 years of experience in investment real estate transactions, will oversee the acquisition and disposition process for the various commercial real estate investment programs sponsored and advised by Grubb & Ellis Realty Investors. These include 1031 tenant-in-common exchanges, the Grubb & Ellis Wealth Management Program, Grubb & Ellis Healthcare REIT and Grubb & Ellis Apartment REIT.

The company says that in addition to Caley's involvement in acquisitions and dispositions, it will leverage his expertise in strategic portfolio management functions to strengthen service to its program investors. As managing director and a founding principal of Meridian Value Partners, Caley was responsible for acquisitions, fundraising and operations. He was based in the Irvine, CA office of Meridian, which also has offices in Boston, Louisville, Melbourne FL, and Washington, DC.

Before his time with Meridian, Caley also spent more than 12 years in acquisitions and dispositions with firms including Rexford Industrial, Argus Realty Investors, Transwestern Commercial Services and Koll General Partner Services.

Grubb & Ellis Realty Investors LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Co. Caley is one of a number of new executives who have joined Grubb & Ellis or its subsidiaries in recent months.

Among the new execs are Greg Coxon, formerly of CB Richard Ellis, president of transaction services for the western region; Glen Esnard, formerly president of brokerage services at Colliers International, president of capital markets; Brett Hunsaker, executive vice president of business development, who joined the company from CBRE; Moody Younger, executive vice president and managing director for Texas, who rejoined the company after a stint with CB Richard Ellis; Chuck Hunt from Eastdil Secured, now executive managing director responsible for the Grubb & Ellis Los Angeles County offices; and James Jones, formerly of CBRE, who joined the company as executive vice president of operations.