American Realty Investors, Inc. Announces Executive Changes
August 18, 2020 at 05:22 pm
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Effective August 14, 2020, Daniel J. Moos President [since April 2007] of American Realty Investors, Inc., ceased to be and resigned as President, as well as all positions with any United States subsidiary entities. Effective as of August 17, 2020, the Board of Directors of the Company appointed Erik L. Johnson Executive Vice President of the Company. Mr. Johnson most recently was Vice President of Financial Reporting of The Macerich Company in Santa Monica, California, a position he held for more than the past five years, from 2005 through June 2020. Mr. Johnson, a certified public accountant (“CPA”) from 2001-2005, was controller/Chief Accounting Officer of North American Scientific, Inc. based in Los Angeles, California, and from 2000- 2001, he was the controller of Launch Media, Inc. in Santa Monica, California.
American Realty Investors, Inc. is a real estate investment company, holds a diverse portfolio of equity real estate located across the United States, including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company's segments include Residential Segment and Commercial Segment. Residential Segment is engaged in the acquisition, development, ownership and management of multifamily properties. Residential Segment provides services that include rental of apartments and other tenant services, including parking and storage space rental. Commercial Segment is engaged in the acquisition, development, ownership and management of commercial properties, which are primarily office properties. Commercial Segment provides services that include rental of office space and other tenant services, including parking and storage space rental. It invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.