DMB Associates, Inc. Appoints Dietrich Knoer as Chief Investment Officer

Scottsdale, AZ, June 11, 2009 --(PR.com)-- DMB Associates, Inc., a private equity real estate investment and development firm, today announced a new addition to its executive leadership team.

Dietrich Knoer has been appointed as Chief Investment Officer. As Chief Investment Officer, Knoer will report to DMB Chief Executive Officer, Eneas Kane, and will play an integral role on the company’s executive leadership team. His responsibilities will cover all aspects of capital structure optimization and ongoing management of capital and financial activities for existing and future investment opportunities. Knoer will also work to establish new relationships with the strongest equity and debt partners in the industry.

“His experience in the financial and capital markets will be instrumental in positioning DMB for opportunity and long-term success,” said Kane. “We are committed to a highly sophisticated and strategic capital platform and to taking advantage of the opportunities that are presenting themselves as the industry consolidates. Dietrich’s role will be vital to that process.”

Knoer has a compelling 17-year proven track record of finance and capital market experience directly within the real estate arena. He most recently served as the Chief Investment Officer at Higgins Development Partners in Chicago where he was responsible for the firm’s capitalization strategy and the origination and management of both equity and debt investor relationships. Prior to Higgins, Knoer was a Senior Acquisitions Officer at JP Morgan Partners in London for the Peabody Group, an $800 million opportunistic fund composed of third party investors.

DMB Associates, Inc. (DMB). DMB is a private equity real estate investment and development firm with real estate holdings through affiliated companies that include current and planned resort/recreational and primary residential communities, signature commercial developments, country clubs, health clubs and spa properties. Founded in 1984 and headquartered in Scottsdale, Ariz., DMB is one of the most active community developers in the West, with properties in Arizona, California, Utah and Hawaii. The firm’s name is synonymous with high-quality real estate developments.

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