Business & Finance

Advance Realty Expands Land Holdings Division with Hiring of Robert Holmes

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Advance Realty Expands Land Holdings Division with Hiring of Robert Holmes
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Advance Realty, a leading Northeast owner and developer of Class A office, mixed-use and flex-space properties, today announced that Robert Holmes has joined the company as Director of the company's land assets division, part of Advance Land Holdings LLC, a strategic investment arm of the company.

"We are extremely pleased to have Robert join our team and to have his expertise in the real estate and development industries integrated into our land assets division," stated Kevin Tartaglione, senior vice president and chief operating officer of Advance Realty Development. "We see the current market as a time of tremendous opportunity, and the addition of Robert to our investment team will contribute greatly to our ability to devise and execute creative solutions for acquisition, entitlement and development projects."

With more than 18 years in the residential real estate and construction industries, Holmes has extensive knowledge of the entire development process. At Advance, he is responsible for leading the planning, design, entitlement and development efforts associated with the overall redevelopment strategy of Advance Land Holdings LLC.

Advance Land Holdings, LLC specializes in the development of residential, commercial and mixed-use projects and also creates and adds value to a range of diverse land assets through investments. The division acquires, entitles and develops sites through distressed debt securities and by partnering in work-out situations. Through innovative planning and wise use of resources, Advance Land Holdings is an expert at converting vacant land and idle buildings into successful projects by creating a redevelopment strategy for the highest and best use for each asset. The division's expertise and highly professional approach creates maximum returns on investments.

Prior to joining Advance, Holmes was vice president of Baker Residential, where he successfully completed the repositioning of several obsolete waterfront commercial sites for multifamily residential use, valued in excess of $120 million. While at Baker, Holmes was responsible for acquisitions, approvals, and project development for the company's Northern New Jersey division.

Holmes also held a leadership position as vice president with the Gale, Wentworth, and Dillion Group, where he directed the organization's infrastructure related projects in New Jersey and Florida.

Holmes is a graduate of Radford University, where he earned a Bachelors of Business Administration in Operations Management.

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