Scot Clevenger Named Vice President for Encore Equities, LLC

DALLAS, Jan. 29 /PRNewswire/ -- Scot Clevenger has been named vice president of capital markets for Encore Equities, LLC, a subsidiary of Dallas based Encore Enterprises, Inc.  With over 20 years experience in real estate, technology, and financial services, Clevenger will cultivate investor and partner relationships and identify projects that meet the company's investment criteria.

As vice president, Clevenger joins Encore Equities to raise funds through family offices, registered investment advisors, and high net-worth individuals for limited partnerships, joint ventures and the Encore Opportunity Fund II, which is being formed as a real estate investment vehicle to co-invest with Encore Enterprises, Inc. and its subsidiaries. As Encore's third fund, the Encore Opportunity Fund II has a $150 million target with a "green shoe" option up to $250 million.

Clevenger joins Encore Capital from Rainier Capital Management, LLC where as vice president of sales he raised investor capital through financial advisors to be deployed in debt and equity offerings including diversified funds, individual transactions and 1031/Tenant-In-Common projects.

Prior to Rainier Capital Management, Clevenger was the managing principal of a transaction advisory firm that provided services for commercial projects including office, retail, medical, multifamily, development and residential investment programs.

Clevenger graduated from the University of Oklahoma Price College of Business with a Masters in Business Administration. He holds a bachelors degree with honors in Accounting from Southwestern Oklahoma State University

About Encore Enterprises, Inc.

Encore Enterprises, Inc. is a diversified commercial real estate firm with a unique blend of expertise, innovation and efficiency in acquisition, investment, asset management, property management, leasing and development. Founded in 1999, Encore acquires, develops and re-develops mixed use complexes, limited and full service hotels, multi-family projects, retail projects, and manages hotel and luxury vacation condominium resort properties and homeowner associations. Since its inception, Encore has completed over $1 billion of acquisition and development, with a focus on the southern, eastern and midwestern United States. For more information, please visit www.encore.bz.

SOURCE Encore Enterprises