COSTA MESA, Calif., April 2, 2014 /PRNewswire/ -- Cornerstone Realty Group Inc. (CRG), the rapidly growing real estate investment firm, is pleased to announce the appointment of Mr. John Itzel as its President. With over 35 years of experience in finance, development, and brokerage, Mr. Itzel will focus his efforts on the acquisition of value-added real estate opportunities as well as the acquisition and restructuring of tenancy-in-common investments.
"The entire team here at CRG is absolutely thrilled with the addition of Mr. Itzel as its President. John brings with him a solid understanding the of the real estate industry on many important levels. His value as a leader is tantamount to the short and long term success of CRG." stated Rourke Oakland, Chief Executive Officer of CRG.
Mr. Itzel has been a licensed California real estate broker since 1978 and has successfully completed numerous commercial and residential transactions both as a developer and a broker, with a particular emphasis on multi-family and industrial properties. As a senior executive in both the banking and savings and loan industries, Mr. Itzel has been directly involved in the origination and closing of over $5 billion of commercial real estate transactions in traditional debt, mezzanine finance.
"I'm very pleased to be part of the team here at CRG," stated Mr. Itzel, "The current market conditions provide an incredible amount of opportunities for investors. Now more than ever is the time to acquire under-valued, under-performing properties and breathe new life into them. Enabling these properties to realize their fullest potential will allow us to capitalize on this amazing time in the market."
Prior to joining CRG, positions Mr. Itzel has held include: board of directors for American Spectrum Realty Inc., partner at Hyatt Development, and Sr. Vice President of the Major Loan Division with American Savings to name a few.
ABOUT CORNERSTONE REALTY GROUP INC. CRG is a privately held real estate investment firm located in Costa Mesa, California which specializes in the acquisition of value-added commercial properties as well as fractal interests in tenancies in common purchased at discounted prices. Additionally, CRG owns and operates 1031NetEx.com, a subscription based national platform used to facilitate 1031 exchanges. For more information, please call 855-764-1031 or visit us online at www.CornerstoneRealtyGroupInc.com.
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