Granite Peak Partners Names Chief Financial Officer

Granite Peak Partners, Inc., a Santa Barbara-based real estate investment company, has named Steven Hughes as Chief Financial Officer.

Santa Barbara, CA (PRWEB) June 9, 2005 -- Granite Peak Partners, Inc., a Santa Barbara-based real estate investment company, has named Steven Hughes as Chief Financial Officer, according to Pierre Y. Tada, a founding partner with Granite Peak.

Hughes will oversee the financial operations of the firm. He will be also involved in the development of two strategic business units within Granite Peak: industrial-focused syndications catering to real estate investors, and the company's real estate advisory services division for high net worth individuals and family foundations seeking to reposition holdings through 1031 exchanges and portfolio management strategies.

Before joining Granite Peak Partners, Hughes was President of Hughes Financial Resources, Inc., a Santa Barbara real estate consulting firm responsible for financial analysis, acquisition analysis and financial structuring for a variety of projects including senior housing, hotels, apartments, condominiums, office buildings, retail outlets, steel factories and oil and gas properties. Prior to that, Hughes was Chief Financial Officer for JM Consulting Group, Inc., a real estate services/telecommunications consulting company in Santa Barbara.

"Steve brings a strong background in real estate transactions and tremendous peoples skills," says Tada. "He's a welcome addition to our rapidly growing business."

Granite Peak Partners is a full service real estate investment firm providing structured real estate investments and 1031 exchanges to qualified individual, agricultural and institutional investors.

Target properties are in the $5 million to $40 million-price range primarily in the western United States. A portion of its portfolio is invested in apartment/condos and self-storage facilities. Current emphasis is being placed on industrial and flex office properties.

For more information, contact Pierre Tada at 805-892-4900 ext. 203 in Santa Barbara, Greg Yost at 310-821-1600 in Marina del Rey or on the web at www.GranitePeakPartners.com.

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