Guy Arnold has been named president of Dividend Capital Total Realty Trust Inc., a Denver-based real estate investment trust.Mr. Arnold replaces Jim Giuliano, who had been serving as president on an interim basis. In addition, John Biallas has resigned as chief operating officer and been named chief financial officer. Before joining Dividend Capital, Mr. Arnold was a partner and managing director of Cherokee Investment Partners and co-managed the firm's Denver office. He was previously vice president of Colorado & Santa Fe Land Co., a commercial real estate company.

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