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Private real estate investor Eastern Federal Corp's new president and CEO is Ned Long, a former Crosland exec. Most recently, Ned was CFO for CampusWorks, a student housing specialist, and before that, EVP of real estate at Pacolet Milliken Enterprises, a family-owned investment company HQ'd in Greenville, SC.
From 2000 to 2010, Ned was CFO and SVP at Crosland, placing $1.6B in acquisition and development loans, $542M in permanent loans, $275M in institutional and private equity capital, and $107M in line-of-credit capacity, the Charlotte Business Journal reports.
For most of the 20th century and into the 21st, Eastern Federal owned and operated movie theaters. The company sold its 230-screen portfolio to Regal Cinemas more than 10 years ago, and now invests in diversified real estate in the Southeast and Mid-Atlantic. [CBJ]
