Gus Remppies Appointed President of Grubb & Ellis Apartment REIT
Grubb & Ellis Apartment REIT, Inc. has appointed Gustav G. "Gus" Remppies president of the company, effective immediately. Stanley J. "Jay" Olander, who had served as president since
Santa Ana, Calif.–Grubb & Ellis Apartment REIT, Inc. has appointed Gustav G. “Gus” Remppies president of the company, effective immediately. Stanley J. “Jay” Olander, who had served as president since
April 2007, will continue to serve as chief executive officer and chairman of the board.
“Gus Remppies has been a recognized authority in the multifamily real estate sector for decades and I couldn’t be more pleased to have him assume the presidency of Grubb & Ellis Apartment REIT,” says Olander.
“His experience and proven track record are exceptionally valuable to our company and, more importantly, to our investors.”
Remppies has specialized in the multifamily housing sector for more than
23 years. Prior to being named president, Remppies had served as executive vice president and chief investment officer of Grubb & Ellis Apartment REIT since its formation in 2005. Remppies has been involved in the formation and senior management of four other non-traded REITs.