SAN FRANCISCO, October 12, 2011—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced today the election of John Cumbelich as new president and Clay Mote and David Larson as new board members. Exiting President Nelson Wheeler of Strategic Retail Advisors-California made the announcement.
Cumbelich, principal of San Francisco-based John Cumbelich & Associates, has been an X Team International partner since 2001. Larson, founding partner of Denver-based Legend Retail Group, and Mote, partner of Dallas-Fort Worth-based Venture Commercial, have been active in X Team International since 2002 and 2005, respectively. They join existing board members Treasurer Jonathan Lapat, principal of Boston-based Strategic Retail Advisors, and Secretary Chris Simmons, senior vice president of Minneapolis-based Welsh Companies, as they complete the second year of their two-year terms.
As president, Cumbelich will direct all meetings, serve as a member on all committees, participate in monthly conference calls with the board and X Team constituents, lead the Annual Convention and focus on recruitment of new X Team offices. He will also promote X Team externally and internally, and ensure consistency of service across all X Team partners. X Team International board members are responsible for managing general business decisions, long-term planning goals of the organization, and assisting the president with membership and financial processes. All board members serve on a voluntary basis and are elected through majority partnership votes.
“John, David and Clay each have achieved significant accomplishments in their respective markets,” said Wheeler. “They show great leadership potential toward driving the continued improvement of our membership and alliance, ensuring our clients receive superior service from every X Team International partner firm.”
The election took place at the X Team International Annual Convention, which was hosted by Vancouver-based X Team Partner Sitings Realty, September 19-21.
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.