Riley Joins Leading Real Estate Companies of the World Board of Directors

RISMEDIA, August 13, 2008-Leading Real Estate Companies of the World® has named Patrick C. (Pat) Riley to its board of directors to serve a two-year term. Riley, president/COO of Charlotte, North Carolina-based Allen Tate Company, fills a seat vacated by H. Allen Tate, Jr., who recently retired from the board based on his current focus on non-brokerage development activities.

“We are delighted to welcome Pat to his new role on the LeadingRE board of directors,” said President/CEO Pam O’Connor. “He is one of the brightest minds in real estate and has been instrumental in the dramatic growth of the Allen Tate Company throughout the Carolinas over the past two decades.”

According to the company, Riley will continue the legacy created by Allen Tate, a principal catalyst in the formation of LeadingRE in 1997, when multiple networks of independent firms were consolidated to create the organization.

“Allen is an icon in the real estate industry and remains one of LeadingRE’s strongest advocates and champions of the independent brokers,” said O’Connor.

Riley began his career in real estate in 1972 and joined the Allen Tate Company in 1991. He guides all aspects of the 51-year old company as the region’s industry leader. Under his direction, the company posted sales of more than $6 billion in 2007 and ranks fourth among America’s top 500 largest independently owned, non-franchised brokers and eighth among all residential real estate companies.

Riley joins a distinguished board that includes Chairman Harold Crye (Crye-Leike, Inc., Memphis, TN); Vice Chairman William Watson, Jr. (Watson Realty Corp., Jacksonville, FL); Secretary Stephen Baird (Baird & Warner, Chicago, IL); Treasurer Robert Sibcy (Sibcy-Cline Realtors, Cincinnati, OH); Dan Elsea (Real Estate One, Inc., Southfield, MI); Mike Green (Harcourt’s International, Queensland, Australia); Michael Patrick Lyon (Lyon Real Estate; Sacramento, CA); Ron Peltier (HomeServices of America, Inc. Minneapolis, MN); Michael T. Robinson (Weichert Realtors, Morris Plains, NJ); Michael Saunders (Michael Saunders & Company Sarasota, FL); Brenda Shipplett (Long & Foster Real Estate Fairfax, VA) and Arthur Sterbcow (Latter & Blum, Inc./C. J. Brown Realtors New Orleans, LA).

For more information, visit www.LeadingRE.com.

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