RENO, NV - Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces the opening of its newest office in Reno, in Northern Nevada.
The new Reno office marks ARA’s 29th location and further enhances ARA’s national market coverage that spans from California to Massachusetts providing ARA’s clients with coast-to-coast market expertise.
Former Johnson Group Multihousing Investment Sales Leader, Floyd Rowley, CPA, CCIM, who has executed office, retail and multihousing acquisitions and dispositions amounting to more than $135 million in value, will lead the charge for the ARA Reno operations.
According to Las Vegas Principal Christopher Bentley, “ARA’s expansion into Reno is a natural progression of our focus on the state of Nevada. There are great synergies between Reno and Las Vegas as well as the San Francisco Bay Area and a strong need in this market for ARA to plant its flag and compete with other national players there. Also, having a physical presence there will allow our team to be more integrated into the local market and the local community.” ARA’s Las Vegas and Reno offices will work jointly and seamlessly to bring multifamily investment opportunities to their clients throughout the state of Nevada.
Rowley commented, “I am excited to open the Reno office for ARA and to be able to capitalize on these synergies. Reno is emerging from the Great Recession and apartments are driving the recovery in investment sales.”
Floyd is a graduate of Duke University and has been transacting commercial real estate in Reno for over 10 years. Christopher Bentley noted, “as our practice matures Floyd’s experienced presence in Reno will allow us to better service our clients with both regional and local expertise.”
ARA Reno, Nevada Office:
200 S. Virginia, 8th Floor
Reno, NV 89501
M (775) 224-3183
To schedule an interview with an ARA executive regarding the new office or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Britni Barovick at bbarovick@ARAusa.com or 702.966.1160.
About ARA
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace resulted in an annual production volume of $9.5 billion in real estate transactions in 2012. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com