ARA Adds New Senior Investment Experts
- Nov 10, 2017
American Realty Advisors has made two strategic internal promotions. Albert Pura was promoted to the position of senior director in the company’s Investment Group. In his new role, he will be responsible for sourcing new investment opportunities in the San Francisco Bay Area and the Pacific Northwest regions. Rick Massa is moving from the Asset Management Group to ARA’s Portfolio Management team and will be overseeing several assets for the firm’s largest commingled fund.
Albert Pura has been an ARA team member for 11 years. In his former position, he was involved in the development and implementation of the overall portfolio management strategy, including acquisition and disposition activity. A 20-year veteran, he previously acted as vice president for RREEF, where he co-managed a private REIT and oversaw fund operations. Mr. Pura has a bachelor’s degree from the University of California, San Diego.
Rick Massa has been with ARA for seven years. He was responsible for supervising asset management activities for real estate investments in the Midwest, Southeast and East Coast regions. Having more than 16 years of real estate investment management experience, ARA’s new operational portfolio manager previously acted as a managing director and partner of Caisson Capital Advisors. He was responsible for sourcing and underwriting investments, fund management and investment consulting. Before that, Massa also served as vice president of acquisitions at Principal Global Investors. He holds both a B.A. degree from the University of Northern Iowa and an MBA from the University of Iowa.
“By adding Rick to our Portfolio Management team, we will be able to apply his strong management skill set to our on-going efforts to deliver superior risk-adjusted returns for our clients. Rick’s industry knowledge is extensive, and his deep understanding of regional markets will add significantly to our existing portfolio management team,” said Scott Darling, ARA’s president, in prepared remarks.
Photos courtesy of American Realty Advisors