Shea Properties Adds Two Real Estate Veterans to Executive Team: Bryan McGowan and J.J. Abraham

Online, June 16, 2011 (Newswire.com) - The company also named J.J. Abraham senior vice president of multifamily development and aquisitions.
McGowan
McGowan, the former managing principal at Koll Company, will be responsible for all financial aspects of the company and highly involved in operations, said Colm Macken, president and chief executive officer of the diversified real estate company. Abraham will oversee Shea's expanding apartment footprint in California by leading the apartment development and acquisitions team at Shea's corporate headquarters in Aliso Viejo.

"We are excited to add executives of Bryan's and J.J.'s caliber to our team," Macken said. "It's an exciting time for us, and we know that under their guiding hands that Shea will continue to set the standard for the highest quality development and operations in office, industrial and retail properties, as well as apartment communities and mixed-use development."

McGowan served Koll for more than 10 years, handling all aspects of asset management, acquisition, finance and accounting. His primary responsibility was the creation, funding and structuring of the company's operating platform.

Prior to joining Koll, McGowan served for seven years as executive vice president and chief financial officer at Donahue Schriber, where he was responsible for forming and capitalizing the company's institutional, private REIT. He also held senior positions in corporate real estate finance at Security Pacific Bank.

During his time with Donahue Schriber and Koll Company, McGowan raised more than $800 million from pension funds for institutional equity capital for the companies.

McGowan is a member of the Urban Land Institute, and holds both a bachelor's and master's degree from the University of California at Davis.

Abraham
Abraham brings more than 17 years of development and acquisitions experience to Shea Properties, and has worked for nationally and internationally recognized companies including Del Mar Development, Legacy Partners, JPI, and Archon Group, a division of Goldman Sachs.

As Vice President at Del Mar Development, Abraham directed all resort development and investment activities for their Baja California operation, including three five-star resort communities. Prior to Del Mar, Abraham served as Vice President of Development for Legacy Partners in Southern California, where he was responsible for the land acquisition, project entitlement and development of seven mixed-use projects including Hollywood & Vine (305-room W Hotel, 375 apartment units, 143 condominiums and 50,000 SF street-level retail), 7950 Sunset (183 apartment units, 13,000 SF street-level retail) and Legacy at Main and Jamboree (290 apartment units, 7,500 SF street-level retail).

Prior to joining Legacy Partners, Abraham was with JPI Partners and was responsible for Jefferson at Bay Meadows in San Mateo (575 apartment units, 14,000 SF street-level retail) and 2 other successful multifamily developments in the San Francisco Bay area.

Abraham received his BBA in Finance, Real Estate and International Business from Southern Methodist University and he is a Certified Commercial Investment Member (CCIM).

About Shea Properties (www.SheaProperties.com)
Shea Properties, headquartered in Aliso Viejo, California, is a diversified real estate company responsible for the acquisition, design, development, construction and management of business parks, shopping centers, apartment communities and mixed-use environments. Since beginning operations in 1969, annual revenues have grown steadily to more than $200 million, while the overall value of the stabilized portfolio has grown from $150 million to more than $2.25 billion. Shea Properties currently owns and operates approximately 6,300 apartment units and 6 million square feet of office, industrial and retail space in California, Colorado and Arizona. The development pipeline holds an additional 2,200 apartment units and 2.5 million square feet of commercial space. In concert with sister company, Shea Homes, the nation's largest private home builder, Shea Properties offers a range of capabilities matched by few other developers in the industry.
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