Business
Reliance Global Group Names Senior Industry Executive Josh Colter as Chief Investment Officer & Head of U.S. Real Estate
LAKEWOOD, N.J., March 10, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company") today announced the
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"LAKEWOOD, N.J., March 10, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) (\"RELI\" or the \"Company\") today announced the appointment of Josh Colter as Chief Investment Officer & Head of U.S. Real Estate, effective March 10, 2020. Mr. Colter will be responsible for spearheading new acquisitions and dispositions, overseeing the underwriting process, developing capital partner relationships, and will manage the real-estate portfolios that will be purchased by Reliance Global Group. \n Mr. Colter brings over 15 years of domestic and international real estate, private equity, and M&A advisory experience, including having closed more than $1.2 billion of multifamily acquisitions over the past five years. Most recently, Mr. Colter served as Director of Acquisitions & Finance at Robbins Property Associates, a full-service owner-operator of multifamily properties. Previously, Mr. Colter served as Managing Director for Lloyd Jones Capital, a private equity real estate investment, development & management company specializing in multifamily and senior housing. His background with sponsor/operators includes principal investing, asset management, acquisitions, and JV structuring with family offices and institutional groups. His experience includes roles with Exane BNP Paribas, Consultiva, Tavira Monaco SAM, Broad Street Securities Group and Bear Stearns. He graduated from the University of Central FL (B.S.) with a triple concentration in Finance, Accounting, & Economics, and completed a double master’s degree program (MSc) in Financial Economics and Risk & Investment Management from EDHEC Business School in France. Additionally, he is a Young Founder & President of the Mt. Sinai Foundation in Miami Beach, FL. Ezra Beyman, CEO of Reliance Global Group, stated, “Josh is an outstanding and timely addition to the senior management team. Having closed over $1.2 billion in multifamily acquisitions over the past 5 years alone, his experience will be invaluable in accelerating the growth of our multifamily real estate portfolio. Moreover, his involvement within our real estate segment will allow us to allocate greater resources towards our acquisition/roll-up strategy within the insurance segment. Importantly, we believe our business model brings together the best of two worlds. First, we believe multifamily...