ADDS CHIEF MARKETING OFFICER TO OVERSEE THIS EFFORT
IRVINE, Calif. – March 2, 2015 – (RealEstateRama) — As part of an ongoing strategy to further grow its existing base of institutional investors, Western National Group has launched an enhanced institutional investor-focused platform and appointed George L. Ochs, a former institutional real estate manager with JP Morgan, as its Chief Marketing Officer.
Ochs will work to expand Western National’s investor base by overseeing the firm’s strategic outreach to corporate and public pension funds, endowments, foundations, and high net worth individuals. He will also be responsible for maintaining and developing relationships with Western National Group’s current investor groups.
“As one of the largest owners and developers of multifamily product in the U.S., we recognize the potential of continuing to align ourselves with institutional investors for whom we can generate attractive yields,” says Michael Hayde, Chief Executive Officer of Western National Group. “Based on our lengthy track record of strong results in this industry, we anticipate strong investor interest over the next 12 to 24 months.”
Hayde notes that, based on Ochs’ tremendous depth of experience in the institutional real estate industry, he will be instrumental as Western National Group continues to grow and expand its multifamily holdings.
According to Ochs, “Western National Group is a well-respected and established leader in the multifamily market. I am excited about the opportunity to work with this dynamic team in order to drive its business forward.”
Ochs brings more than 35 years of institutional real estate experience to his new role as CMO, with deep expertise in development, asset and portfolio management.
Prior to joining Western National, Ochs was a senior manager with JP Morgan for nearly 20 years. Earlier in his career, he held a senior management position at Prudential Insurance.
Ochs is an active member of Institutional Real Estate, Inc. (IREI), the Pension Real Estate Association (PREA), and the Urban Land Institute. He holds an Executive MBA from the University of Colorado, Denver, as well as a General Securities Representative (Series 7) license and a Uniform Securities (Series 63) license.
Western National Group, established in 1958, is a fully integrated multifamily residential management firm headquartered in Irvine, Calif. Western National Group is one of the nation’s largest multifamily owners/developers and is the umbrella organization for five separate entities, which include Western National Properties, the development and acquisition arm of the firm; Western National Property Management, the property management arm; Western National Contractors, the construction arm; Multifamily Ancillary Group, which specializes in optimizing ancillary income for owners; and Resident Group Services, the landscaping services arm. Additional information is available at www.wng.com.
Lexi Astfalk/Jenn Quader
Brower, Miller & Cole