Dallas, TX (September 14, 2012) – Rick Chess has been named president of Encore Equities, a subsidiary of Dallas-based Encore Enterprises, Inc. With 28 years of securities and commercial real estate experience, Mr. Chess has closed $2 billion in real estate transactions during his career, and raised $270 million in equity for United Dominion Realty, ManEquity, Triple Net and ARCM. As president of Encore Equities, Mr. Chess will manage the placement of equity for all of Encore’s real estate investments and Funds.

Prior to Encore, Mr. Chess was president of American Realty Capital Markets where he oversaw all operations of the managing broker-dealer. Mr. Chess was previously director of 1031 transactions for Triple Net Properties where he raised over $100 million of equity for Reg. D offerings and non-traded REITs. He has also served as real estate manager for Winstar Wireless where Mr. Chess oversaw the negotiation and installation of wireless communications technology inside urban areas, and was an associate with CB/Richard Ellis. Mr. Chess has held positions with United Dominion Realty, ManEquity (Manufacturers Life Insurance), Anderson & Strudwick, the Richmond Chamber of Commerce, the Pennsylvania General Assembly and the Allegheny County Law Department.

Mr. Chess attended the University of Richmond Law School where he received a Juris Doctorate of Law, and he attended the University of Pittsburgh where he earned his Bachelor of Science in Psychology and Economics. Mr. Chess holds the following FINRA securities licenses: 7; 63; and 39.

About Encore Equities, LLC: Encore Equities is a subsidiary of Encore Enterprises, Inc., created with the mission to preserve investor capital while providing attractive risk-adjusted returns. Encore has brought together an inter-disciplinary team that has expertise with multiple capital channels, such as: high net worth individuals, institutional investors, broker-dealers and niche capital channels (e.g., EB-5). For more information about Encore Equities, LLC, visit www.encore.bz, or call (214) 259-7000.