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January 13, 2011

Security Properties

Duke

Seattle-based Security Properties, which has acquired or developed nearly 64,000 housing units in 40 states, formed Madrona Ridge Residential, a national apartment property management firm. Gail Duke is managing director. John M. Orehek, president/CEO of Security and CEO of Madrona Ridge, said it will manage Security properties and may eventually offer third-party services. Madrona Ridge will also ensure properties comply with financial, operational and regulatory standards, and offer construction management. The leadership team includes Philissa Sargin, controller, and Bob Krokower, chief financial officer. Duke was senior vice president at Sares-Regis Group and vice president at Belkorp Holdings. She also worked for Riverstone Residential Group and Trammell Crow Residential.

(Editor's note: This item has been corrected to say Bob Krokower is chief financial officer, not CEO.)




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