We are deeply saddened to confirm the passing of our Chairman and CEO Doug Shorenstein.
Doug had been ill for some time and fought a courageous battle with his illness. Through it all, he maintained a positive and hopeful outlook, and he remained steadfastly focused on serving his family, his colleagues and his community.
We will miss him dearly.
Shorenstein Investment Partners LLC (“Fund Five”) was formed in 1999 with $281.5 million of committed capital, including $20 million committed by Shorenstein; it was invested over a 29-month period.
Fund Five made equity investments in the following properties:
In April 2001, Fund Five acquired land adjacent to Energy Centre and proceeded to obtain entitlements to build a 466-stall parking garage; the garage was completed in August 2002.