Real Estate Industry Executive Joins Silver Companies as President of Silver Capital Real Estate Funds


BOCA RATON, Fla., Aug. 22, 2008 (GLOBE NEWSWIRE) -- Silver Companies, a national real estate investment and development firm, announced today that industry veteran Mark Ambach has joined the company as President of Silver Capital Real Estate Funds.

Silver Capital, LLC, the private equity arm of Silver Companies, organizes funds that invest in residential and commercial real estate. During the last five years, Silver Capital has originated more than $1 billion of equity and debt financing for the acquisition and development of real estate projects.

Silver Capital has established exclusive strategic relationships with firms whose principals have substantial experience in acquiring, developing, operating, managing and financing real estate. As President of Silver Capital Real Estate Funds, Mark will be responsible for working with these partners to identify and evaluate investment opportunities for Silver Capital's funds. He will also direct the funds' asset management activities.

Ambach has more than 20 years of real estate development experience. Prior to joining Silver, Ambach headed his own company -- Ambach Communities -- primarily dealing with acquisition, entitlement, planning and development of unimproved land in Northeast Florida. At the same time, he operated a construction company that built both commercial and residential projects. Prior to this, he served as Vice President for Intervest Company (ICI), managing communities and overseeing development projects. The first 12 years of his career, Ambach worked for Arvida Corporation managing a division responsible for over $100 million in annual home sales before serving his last five years with the company as President of North Florida Operations.

Ambach earned a B.S. in both in Construction Management and Financial Administration at University of Florida, Gainesville. He also holds General Contractor and Real Estate Broker licenses in the State of Florida.

Silver Companies is a diversified real estate investment and development firm founded in 1941. Its highly experienced team works with both affiliated and non-affiliated companies to create opportunities in all facets of the real estate marketplace. Silver Companies is led by CEO Larry D. Silver and operates from co-headquarters in Metro Washington, D.C. and Boca Raton, Florida.

For more detailed information, visit www.silvercompanies.com.

The Silver Companies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5266



            

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