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RICHMOND, VA-Cornerstone Realty Income Trust Inc. has named Kent W. Colton, one of the real estate industry’s most visible personalities, as a director. He will serve until the company’s annual shareholders meeting in 2002 when he will be up for re-election.

Colton was executive vice president and CEO of the 205,000-member National Association of Home Builders from April 1984 through May 1999.

He is currently a senior scholar at Harvard University’s Joint Center for Housing.

The 57-year-old Colton is president of KColton, a consulting and housing research company in McLean, VA. He serves as a member of the Millennial Housing Commission established by the Congress to examine national housing policy.

Colton is a former executive vice president of the Federal Home Loan Mortgage Corp. (Freddie Mac); staff director of the President’s Commission on Housing; and White House Fellow and Special Assistant to the Secretary of the Treasury.

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