Gosnell says he's doing "double duty" with both companies forthe next month, then he'll move to Quantum full-time bymid-November. Gosnell joins Quantum partners Augustine Gomez, RyanKealy, Chris Barr and Dave Cornwall in his new endeavor.

Gosnell, who has also held the title of president and CEO at Lee& Associates at one time, says Quantum Capital's associates,one of whom he had hired for Lee & Associates in the early1990s, approached him with the job offer. "They said they werebuying up residential land and commercial properties and theywanted me to handle the commercial side," he says.

Gosnell will have a partnership interest in Quantum Capital andwill focus on acquiring distressed commercial assets. "I'll belooking at improved commercial properties and be dealing with banksto possibly buy their notes or properties," he tells GlobeSt.com,adding that Quantum Capital's investors will dictate the investmentparameters.