The John Buck Company to Focus on Value-Add Opportunities

CHICAGO, May 2, 2018 /PRNewswire/ -- The John Buck Company (JBC) has announced an expanded focus on value-added investment opportunities and has made several leadership changes to align the organization with this initiative. Re-assuming the role he previously held, Chairman John Buck will become CEO. Kevin Hites, Chief Investment Officer, has added the title of President, and Ben Kochalski, Principal, has been appointed to the Board of Directors and Investment Committee. Dirk Degenaars will maintain his role as Chief Operating Officer directing both portfolio and asset management, and Betsy Traczek maintains her role as President of Buck Management Group. In conjunction with these changes, Richard Lindsay, previously CEO and Director of Development, has left the firm to pursue other interests.

"While development remains one of our core strengths, we are particularly excited with our pipeline of value-add turnaround opportunities. We have chosen to adjust our organization to best position the firm to execute these new transactions. We are proud of the many contributions that Richard made to our development activities during his tenure with the firm and wish him the best in his future endeavors," says John Buck.

JBC's active developments will continue to be managed by a team of senior development professionals who are among the longest-tenured in the business with decades of experience in design and construction of high-rise office and residential properties. The firm remains deeply committed to its legacy of ground-up development but will simultaneously expand its focus on value-add investment opportunities.

More About The John Buck Company
Founded in 1981, JBC has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties.

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SOURCE The John Buck Company