Burnham Real Estate Services announces that after 112 years of closely held shareholder control, it has expanded its ownership to include 22 individuals who have tenure with the company and a strong track record for value creation through leadership and economic contributions.

New owners of Burnham Real Estate Services are, in alphabetical order: Scott Abell, Jay Arnett, Bill Ballard, Pete Bethea, John Casey, John Chu, John Hucko, Brent Jacobs, Stath Karras, Lynn LaChapelle, Barry Mahlberg, Ron Miller, Ed Morrison, Jim Munson, Mike Philbin, Pat Rohan, Ed Rosen, Dan Runyon, Kit Sparks, Jon Walz, Mark Wayne and Steve Wolf.

"We believe that by diversifying ownership among proven members of the company, Burnham Real Estate Services will be in an even stronger position to continue its track record for entrepreneurial leadership in the industry," said Stath Karras, Burnham's president and chief executive officer. "We will also enhance our focus on teaming and collaboration at all levels of the company, which is a core element of our culture."

The ownership of Burnham Real Estate Services is now shared by (in alphabetical order): Scott Abell, Jay Arnett, Bill Ballard, Pete Bethea, John Casey, John Chu, John Hucko, Brent Jacobs, Stath Karras, Lynn LaChapelle, Barry Mahlberg, Ron Miller, Ed Morrison, Jim Munson, Mike Philbin, Pat Rohan, Ed Rosen, Dan Runyon, Kit Sparks, Jon Walz, Mark Wayne and Steve Wolf.

Karras noted that the company will continue to expand ownership within the company in future years. "Burnham Real Estate Services has an outstanding group of professionals, many of whom have been affiliated with the company for 20 years or more," he said. "We want to encourage and grow this long-term commitment from our people because we believe it ensures continued stability and enhances our ability to provide our clients with superior service and resources."

Burnham Real Estate Services is one of San Diego's oldest locally founded firms. Its chairman, Malin Burnham, owned the company until 1986. Since then, ownership has been held by a very few key shareholders in upper-level management.

"I am pleased to see Burnham Real Estate Services taking this step to diversify ownership among people who are vital contributors to the company's day-to-day operations and performance," said Malin Burnham. "It gives them the opportunity to share more directly in the company's success and to positively influence decision-making and the continuation of our corporate culture which has always focused on leadership, integrity and teamwork."

Burnham Real Estate Services is a leading Southern California firm offering comprehensive expertise from offices in downtown San Diego, La Jolla, Carlsbad, South San Diego County, Los Angeles and Newport Beach. Company services include transaction services, advisory and consulting, asset services, corporate advisory services, capital markets and development services. The Burnham Web address is www.burnhamrealestate.com.

Submitted by Burnham Real Estate Services.