REIT Names New Trustees

Richard Rosan, president of the Urban Land Institute, and Stanley Perla, vice president and director of internal audit at Vornado Realty Trust, have been named to the board of trustees of American Mortgage Acceptance Co., a New York-based real estate investment trust.The REIT said the new independent trustees will replace Arthur Fisch and Peter Allen, who resigned from AMAC's board in January when they were deemed no longer independent as a result of a recent transaction. The transaction involved the acquisition of Related Capital Co. by CharterMac, on whose board they serve. AMAC is managed by an affiliate of Related Capital, the REIT said. AMAC, which specializes in multifamily housing finance, can be found online at http://www.americanmortgageco.com.