Doug Richards , CPM — President

Mr. Richards has been active in the real estate industry for over 35 years. His real estate experience includes property management, construction management, accounting, reporting, finance, and leasing.

He first started working for a real estate division of a Los Angeles based life insurance company in the early 1970's. When the opportunity presented itself in 1975 Mr. Richards moved his family to Anchorage and accepted the position of Controller for Carr-Gottstein Properties, Inc. (CGP). As Controller he was responsible for the development of management and accounting reporting systems as well as management of a full service accounting department. In 1980 Mr. Richards was given the opportunity to oversee the property management division at CGP. This work included not only the responsibility for the oversight of the property management of 2.2 million square feet of commercial space located from Fairbanks to Seattle and leasing functions, but also included the supervision of CGP's related service companies, (refuse company, parking lot sweeping company, sign company, and HVAC maintenance company). His performance in this position was rewarded when in 1982 Mr. Richards was promoted to Vice President of CGP. In 1986, after leaving CGP, Mr. Richards formed H and R Management, Inc. Using the knowledge and skills learned from his prior experience, choice in staffing, and with a dedication to succeed he established H and R Management, Inc. as a respected Alaska based Property Management Company which specialized in commercial real estate services. In 2002 H and R Management, Inc. merged with Pacific Tower Properties, Inc.

A graduate of California State Polytechnic University in San Luis Obispo , California , Mr. Richards holds a Bachelor of Science Degree in Business Administration and Accounting. He is a Real Estate Broker in the State of Alaska and earned the designation of Certified Property Manager (CPM) from the Institute of Real Estate Management .