In his new role, Teaney will be headquartered in the ARA Central office, located in Kansas City, Mo., and will work together with current ARA principal, Mac Crowther, to expand this office’s existing multi-family investment advisory services in the Missouri, Kansas, Iowa and Nebraska markets. ”

“Reid has more than 30 years of experience concentrated in investment and user sales, leasing and executive level brokerage management and is highly regarded in the marketplace,” Crowther said. “He will be a tremendous asset to the ARA team.”

Teaney previously spent more than 20 years with CB Richard Ellis, four years with J.C. Nichols/Highwoods Properties and three years as executive vice president of First Scout Investment Realty Advisors in Kansas City. His client relationships range from individual investors to corporate and institutional real estate entities producing over a billion dollars of volume during his career.

"ARA is the most respected and powerful multi-family platform in the country,” Teaney said. “I am proud to be able to contribute to the ARA Central office's continuing success and growth.”

ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multi-housing industry, is based in Atlanta.