Primo has been on the AMLI Residential Properties Trust board since 1994. Not only has his company been one of the REIT's lenders, it is a joint venture in a Downtown Austin development.
"Even though Quintin has appropriately recused himself from all AMLI decisions involving Capri, and all of AMLI's dealings with Capri were carefully reviewed and approved by the disinterested trustees, the appearance of his independence could increasingly become an issue as the volume of activity between the two companies continued to increase," says AMLI president Allan Sweet in a statement.
Meanwhile, Primo's seat on the AMLI board will be filled by Adam Metz, founding partner of founding partner of Polaris Capital, LLC, another finance company based here. Metz also will be chairman of the board's audit committee.
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