LOS ANGELES—AICI has named Kathleen Briscoe as COO and real estate investment officer. In this new position, Briscoe will lead the firm's expanding investment platform, which is looking to invest $50 to $100 million of capital in the next 12 to 24 months.

“Now is an opportune time to make strategic investments in well-located assets where we can add value through repositioning, redevelopment or proactive management,” says Briscoe. “Our investment focus is in the western United States particularly Southern California, Phoenix, the Pacific Northwest and the greater Denver area where we believe there are numerous mid-sized properties that fit our investment profile.”

While expanding its investment platform, the company will target office, retail, multifamily and industrial properties in major West Coast markets. The firm is looking at assets in the price range of $7.5 to $25 million. In pursuing the goal of investing $50 to $100 million over the next 12 to 24 months, the firm will use moderate leverage. The company currently has a portfolio of over a million square feet, which Briscoe will oversee.

Briscoe brings 25 years of experience to AICI, specializing in investment and portfolio management and overseeing and underwriting complex transactions. Prior to joining AICI, she worked as the EVP and head of acquisitions and portfolio management for Lowe Enterprises Investors. She was a shareholder of the parent company, Lowe Enterprises as well, serving on the Investment Committee. While at Lowe, she raised $200 million in equity for the company's Income and Growth Fund. She left in 2007 to join Buchanan Street Partners as EVP and partner.

Briscoe was not available to comment before publication. We will update the story as we uncover further information.