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[IMGCAP(1)]NEWPORT BEACH, CA-Real estate investment management firm Buchanan Street Partners has promoted two of its senior executives as the company’s former president and CEO Robert Brunswick has stepped away from the president’s post and taken on the post of chairman. Tim Ballard, a founder and current chief investment officer, will now also serve as president of Buchanan Street Partners. Dominic Petrucci, current chief financial officer for the firm, will also serve as chief operating officer.

[IMGCAP(2)]Ballard is responsible for all of Buchanan’s investing activities, as well as developing the long-term economic outlook and macro-level investment strategies for the firm’s investment portfolios. He has directed over $5 billion of real estate investments as the firm’s chief investment officer.  Under his stewardship, Buchanan’s investment initiatives have expanded to over 200 properties spanning office, industrial, multi-family and retail assets. The investments, in both debt and equity, include joint ventures with leading national and international real estate operators. In addition, Ballard has been responsible for the formation of five commingled funds and separate accounts specializing in value added investments that manage the assets of public pension plans, life insurance companies, corporate pension funds and high-net-worth investors.

[IMGCAP(3)]Petrucci joined Buchanan Street Partners in 2008 as chief financial officer and “has been instrumental in progressing the firm’s financial and compliance initiatives,” Buchanan says in its announcement regarding his promotion. As COO, he will have overall operational oversight for the firm and is responsible for asset management, finance, investment accounting and reporting, information technology, risk management and regulatory compliance. He has worked in the real estate industry for more than 23 years and has held executive positions at several prominent real estate firms, has led the design and approval process for fund offerings totaling approximately $1.5 billion and has led the investment, development or financing of $1.2 billion of commercial real estate.

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