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 Realty Investors, L.P. (“Fund One”) was formed in 1992 with $148 million of committed capital, including $25 million committed by Shorenstein; it was invested over a 23-month period.
Fund One made equity investments in the following properties:
In June 2003, the Fund One investors agreed to commit an additional $12 million in order to fund certain ownership costs relating to Hills Plaza.