SANTA ANA, CA-Grubb & Ellis Realty Investors has named former Meridian Value Partners LLC managing director John Caley to the newly created position of senior managing director of real estate to oversee acquisitions and dispositions. According to Jeff Hanson, president and chief investment officer of Grubb & Ellis Realty Investors, the new position will take advantage of Caley’s “experience in acquisitions of multiple product types in diverse geographies, as well as his established relationships with the brokerage, principal and lending communities.”

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.

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