David L. Carneal has been promoted to executive vice president and co-chief operating officer at Cornerstone Realty Income Trust Inc., Richmond, Va., and Gus G. Remppies has been promoted to EVP and chief investment officer.Mr. Carneal was previously senior vice president of operations at the real estate investment trust, and Mr. Remppies was senior vice president of acquisitions, the REIT said. Mr. Carneal, 39, joined Cornerstone in 1996, and in 1998 he became senior vice president of Apple Residential Inc., which merged into Cornerstone in 1999. Mr. Remppies, 43, joined Cornerstone in 1995 and has served as SVP of acquisitions since 1998. The company can be found online at http://www.cornerstonereit.com.
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