DALLAS – July 7, 2010 – Michael Richardson has been named Chief Operating Officer of Encore Equities, a subsidiary of Dallas-based Encore Enterprises, Inc. In this newly created role, Richardson will focus on the broker/dealer and EB-5 capital channels as Encore continues its next stage of growth. Richardson brings 25 years of financial services industry experience to Encore, specializing in real estate capital markets and structured finance.


Prior to joining Encore Equities, Richardson was partner and CEO of Luminus Interests, a Dallas-based real estate firm focusing on the turnkey development of ambulatory surgery centers (ASC’s).  Luminus developed ASC operations in Las Vegas, Scottsdale, and recently completed and sold an ASC in the Dallas/Fort Worth market, along with its partner Veritas Medical.


Prior to his tenure at  Luminus, Richardson was a partner and Chief Operating Officer with Rainier Capital Management, a Dallas-based real estate investment banking firm, where he helped to close over $450 million of transactions and as many as two dozen investment offerings.  Richardson also served as a finance specialist for The Stone Companies, working with its $150 million private equity fund, which was part of a $3 billion asset base.


Richardson holds a Bachelor’s of Business Administration degree in Finance from Texas Tech University.


About Encore Enterprises

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.


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