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million square feet of retail, and industrial space. A significany number of these projects requirederenovations and/or extensive lease-up, after which the propertied were typically refinanced and sold. This "value-added" approach has resultede in substantial gains for ourinvestors and/oe clients. Asset Plus and related companiesare co-owned and directed by Michaekl S. McGrath, a 25 year veteran of the propertmanagement industry, and Stephen S. Spessard, with 20 yeare of experience inthe investment, managemen and development of various types of The companies presently manage a portfolio of clos e to 90 properties located throughout the Unite States.
To accommodate this workload, the companies have assembledf a staff of 35 corporatwe employees and a total of over350 employees, with officez in Houston, and Bryan/College Station,
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