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EPR Archived News |
MILE HIGH CAPITAL GROUP SOLDReleased on = July 21, 2005, 4:44 pm Press Release Author = Bryan Hill Industry = Real Estate Press Release Summary = Mile High Capital Group, Ltd. (MHCG), a Denver, Colorado-based real estate developer, has been sold by former owner Rick Dryer Press Release Body = FOR IMMEDIATE RELEASE: DENVER—July
11, 2005—Mile High Capital Group, Ltd. (MHCG), a Denver, Colorado-based
real estate developer, has been sold by former owner Rick Dryer
to a group headed by Andrew McFaul, its COO, and Jeffrey Dietz,
its executive vice president, according Mr. Dryer has resigned his positions as CEO and president of MHCG, as well as resigning from the board of directors as he is no longer a stockholder, the announcement said. Jeff Dietz and Andy McFaul were elected to a new term on the board of directors. McFaul replaces Dryer as Chairman of the Board and CEO. Dietz replaces him as president of the company. McFaul will continue to serve as COO until a replacement is found. MHCG has grown
rapidly in sales volume over the last several years. Sales for 2004
were reported at over $120 million, with over $175 million of sales
so far “As our
reputation, size, and operations grew from greater exposure in the
marketplace, repeat business and word of mouth, I knew that the
company had Dryer turned
over day-to-day operations months ago to Andy McFaul and Jeff Dietz
as a practical matter, he admits, as his responsibilities and affection
for his About Mile High Capital Group, Ltd. Founded 12
years ago as a builder and developer of single-family attached homes,
MHCG develops subdivisions around the country in areas it has identified
as possible high-growth areas with a rental need, and sells its
products usually to non-owner-occupied purchasers. Its products
are a variety of single-family attached or small detached homes,
usually with oversized garages and a specific ### Web Site = http://milehighcapitalgroup.blogspot.com Contact Details
= Jeff Keiffer
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