DERMODY PROPS/DP PARTNERS HIRES NEW PRESIDENT

RENO, NEV. – Dermody Properties/DP Partners has hired Douglas A. Kiersey, Jr. as its new president. The 27-year industry veteran will oversee the company's nationwide capital, acquisition, development and property management efforts. He will also chair the company's executive committee. Prior to joining Dermody, Kiersey had worked for ProLogis for 17 years.