Dividend Capital Realty Trust, Inc. named Guy Arnold president, replacing Jim Giuliano. Previously, Arnold was a partner and managing director at Cherokee Investment Partners. The company also promoted John Biallas to chief financial officer. He previously was chief operating officer of the company. Additionally, Joshua Widoff was named general counsel. Previously, Widoff was a partner at Brownstein Hyatt Farber Schreck law firm.

CBL & Associates Properties, Inc. (NYSE: CBL) promoted Katie Reinsmidt to director of corporate communications and investor relations. Additionally, Dan Summerlin joined the company as director of corporate relations. He was formerly director of electronic marketing for Unum.

Equity LifeStyle Properties, Inc. (NYSE: ELS) named Joe B. McAdams as president. Previously, he was chairman, president and CEO of Privileged Access, LP.

John Ficker was appointed vice president, supply chain solutions at First Industrial Realty Trust (NYSE: FR). He was formerly president and CEO of The National Industrial Transportation League. Additionally, the company promoted Peter Schultz to managing director—east region.

J. Michael McGillis was named chief financial officer for JER Investors Trust (NYSE:JRT). He replaces Tae-Sik Yoon, who will remain an executive vice president of the company.

Former Treasury Department associate tax legislative counsel, Jim Sowell, was named principal of KPMG’s national tax group in Washington.

After eight years of service, Morgan Stanley REIT team leader Matt Ostrower left the company in December to pursue other interests.

Parkway Properties, Inc. (NYSE: PKY) announced in December that William R. Flatt was promoted to executive vice president and chief operating officer. Previously, he served as executive vice president, CFO and secretary. In February, Parkway announced that J. Mitchell Collins—previously CFO of Equity Inns, Inc.—would replace Flatt as CFO effective March 1.

Regency Centers Corporation (NYSE: REG) promoted T.R. Gregory to senior manager of acquisitions and dispositions in the Pacific region. Previously, Gregory served as Regency’s senior manager of investment services since 2004.

Dave AuBuchon joined the REIT research team at R.W. Baird & Co. in late 2007. Formerly, AuBuchon was a REIT analyst at AG Edwards.

Starwood Capital Group named Barden Gale vice chairman of real estate. Previously, Gale was chief investment officer of ABP Investment U.S.

Larry Goldstone was promoted to CEO and president of Thornburg Mortgage, Inc. (NYSE: TMA). Previously, he served as chief operating officer. Garrett Thornburg, previously the company’s CEO, will remain as chairman. Additionally, the company named Caren Shiozaki chief information officer and executive vice president. Previously, she was vice president and chief information officer of Belo Corp.

Wachovia Securities named Thierry Perrein managing director and senior high grade REIT analyst. Previously, Perrein was managing director of Credit Suisse Securities’ Real Estate Finance and Securitization Group.