Prime Income Asset Management's Louis J. Corna Steps Into General Counsel Role

Prime Income Asset Management's Louis J. Corna Steps Into General Counsel Role
Corna Replaces Bob Waldman, Who Resigns to Pursue Other Interests 


DALLAS, Feb. 13  /PRNewswire/ -- Prime Income Asset Management announced today
that Louis J. Corna has added general counsel to his title, due to the recent
resignation of former senior vice president, general counsel and secretary, Bob
Waldman.  Corna was previously Executive Vice President Tax Counsel.  His new
title is Executive Vice President, General Counsel/Tax Counsel & Secretary.

Corna left his private law practice in 2000 to join the company as senior vice
president-taxes.  Prior to that, Corna served as vice president-taxes for two
Fortune 400 companies -- IMC Global, Inc., and Whitman Corp., both located in
the Chicago area.

Corna holds a Juris Doctor degree from Loyola University of Chicago School of
Law and a BBA in accounting, also from Loyola.  He is an accredited CPA in Texas
and Illinois and is licensed to practice law in both states.  Corna is an
American Bar Association committee member of the Real Estate Tax Section and
Foreign Activities of U.S. Taxpayers and holds memberships in the Financial
Executive Network Group and Tax Executive Institute.

Waldman, who had served as general counsel since 1989 resigned, effective Feb.
6, to pursue other opportunities.

ABOUT PRIME INCOME ASSET MANAGEMENT

Managing a $1.6 billion real estate portfolio, Dallas-based Prime Income Asset
Management is one of the largest privately owned real estate management firms in
the United States.  The company is contractual advisor to a number of private
and public companies, including American Realty Investors, Inc. (NYSE: ARL) and
Transcontinental Realty Investors, Inc. (NYSE:TCI). 

DATASOURCE: Prime Income Asset Management



CONTACT:  Steve Hill of Michael & Partners, [phone] x13, for

Prime Income Asset Management

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