NAI Stoneleigh Huff Brous McDowell Adds President, GM

The new leader, Paul Reitz, effectively is a returning quarterback, who left NAI's predecessor company 11 years ago to form Sinclair Resorts & Hotels. He is overseeing all operations in Dallas and Fort Worth, including recruitment. "There's a tremendous opportunity for growing the business," he says in a press release. Diversification and "new fields of endeavor" are part of the plan. "For example in the near future, we'll explore brokerage opportunities in multifamily and senior housing as well as in property management," he adds.

Reitz, with 21 years' experience, has been a broker, developer, investor, owner and operator of commercial real estate. In 1986, he partnered with Jerry Bruner and Jerry Alexander, with the trio merging the firm in the early 1990s with Huff, Brous, McDowell & Montesi, the forerunner to the firm he's now steering.

"We just thought he was the individual who should be the captain of our ship," Randy Garrett, principal and NAI business manager, tells GlobeSt.com, "and the visionary for our company."

Reitz was selected by a six-partner executive committee that spent four months crafting the plan. Reitz takes the helm with William G. Behr in place as managing partner of the Fort Worth office and Sanders Thompson as managing partner for the Dallas team.

Among Reitz's accomplishments is the restoration of Fort Worth's Art Deco jewel, the Sinclair Building in the CBD. In the past decade, he's assembled a $150-million portfolio of resort properties in Arizona, California, Colorado and Florida.