DAVID MUDGETT APPOINTED PRESIDENT OF LAND INTERESTS, INC. AND PALDIN ASSET PRESERVATION & MANAGEMENT

Real Estate Firms Move on Long-Term Objectives

IRVINE, Calif. , July 27, 2011– Land Interests, Inc. and Paladin Asset Preservation & Management, Inc. have announced the appointment of David Mudgett as President and Chief Operating Officer of both firms. Mudgett has more than 35 years experience in the planning, development, leasing and operations of commercial real estate in the U.S., Mexico and Asia.

“David Mudgett brings a tremendous breadth and depth of experience and knowledge to both companies, with an ability to help us expand the business to a much greater degree than previously possible,” said Erik Frechette, Chief Executive Officer of Land Interests and Paladin. “He fully understands and shares our commitment to clients. We’ve had short-term success in recent years, but have grown to the point where we need the guidance and operational leadership that only a talent like David can provide.”  

Land Interests is a premier full-service real estate management, brokerage and investment advisory firm. Since 2007, it has expanded from a two-person office to a company employing more than 20 full-time professionals, active in 13 state and two countries.   Paladin Asset Preservation & Management provides third party fiduciary services for judicial, lender and equity partner concerns throughout North America. Like Land Interests, Paladin has organized its intellectual capital and expertise to support a wide range of services across numerous real estate categories, including distressed residential, apartment, retail, hospitality, office, and industrial properties. Both companies are headquartered in Irvine, Calif.

“I’m delighted to take on this more direct role with Land Interests and Paladin,” said Mudgett. “After four years of growth, both organizations are poised to expand even more so, and rapidly. Erik has set forth a compelling vision for the two firms. My task is to concentrate on further performance improvements, even as we grow in commercial, retail and industrial development.”

Mudgett is also a Principal at Timberline Commercial Real Estate, which has advised Land Interests and Paladin for the past four years. He began his career at the Rouse Company in Maryland, developing regional malls and a strategic retail plan for what was then the new city of Columbia.

In 1979 he joined Evans Development and was eventually named its Executive Vice President for Leasing and Development, where he led the redevelopment of the 1.5 million-square-foot Bay State West Mall in Springfield, Mass., and the conversion of the Old Post Office Building on Washington’s Pennsylvania Avenue – which is registered in the National Historic Trust – into a specialty retail center.

At The Irvine Company in Newport Beach, he led the Retail Properties Group, a division that managed the development, leasing, construction, management and marketing of more than 30 shopping centers, including the $125 million renovation and expansion of the Fashion Island regional super-mall. During the 1990s Mudgett served as president of Koll Development’s retail division, developing centers in Texas, California and Washington, and was then named president of Koll’s International Division, overseeing commercial and industrial projects in Mexico, China, Taiwan, Thailand and Malaysia. In 2000 he joined longtime associate Kevin Deighan to form Timberline Commercial Real Estate, to acquire and develop retail, office, hotel and residential assets.

“Although we’re now a proven brand at more than 25 financial institutions, the appointment of David Mudgett should signal to clients that we’re seriously looking to the future, and that we’ll provide even greater value through strategic solutions,” added Frechette. “With David managing operations, I’ll be able to dedicate more time to client initiatives, while deliberately implementing the next phase of our business strategies. Together we’re focused on both internal and external execution. And I think our clients will appreciate the operational leadership he brings to the team, with a patient, conservative and effective approach to reaching collective goals.”

“Both firms have a very knowledgeable team of people that clients can trust,” said Mudgett. “But as we grow we need to eliminate surprises, add efficiencies and maintain the reliable and quality service for which these two organizations have become known.”

More information on Land Interests, Inc. is available at www.LandInterestsInc.com and on Paladin Asset Preservation & Management, Inc. at www.PaladinAPM.com. Frechette and Mudgett can be reached at (949) 825-6017.

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Media Contact: 
Mike Hoye P.R.
310.544.8800
mike@mikehoyepr.com

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