MedAmerica Properties Inc. (OTC: MAMP) announced that Joseph C. Bencivenga was appointed its president, effective August 8, 2017.

Prior to joining MedAmerica, Mr. Bencivenga, 58, spent more than 30 years in investment banking in New York, California, and London with Barclays Capital, Salomon Brothers, Drexel Burnham, and Lehman Brothers. He has also served as Board member for numerous companies providing strategic financial advice in businesses in real estate, music, gaming, solid waste management, and many other industries. Prior to this role, Mr. Bencivenga was a founding partner of a $5 billion hedge fund whose business included lending to and investing private equity in small to medium sized companies. During his tenure at Barclays Capital, Mr. Bencivenga served as Managing Director/Global Head of High Yield, and his team originated over 75 high yield, mezzanine and bridge loan transactions and acted as lead or joint lead on over twenty transactions.

Gary O. Marino, the Company's chairman of the board, commented, "Joe's extensive experience in capital formation, investment underwriting and structuring, and financial management will fill a critical leadership role for MedAmerica. He will direct our management team and facilitate the implementation of our acquisition of medical office building purchases around the United States."

Mr. Bencivenga added, "I am excited to join the Company at this critical juncture as it embarks upon its new acquisition strategy. I look forward to my role at MedAmerica and am excited to help the company realize its vision of building a superb, high quality portfolio of income producing properties."

About the Company

MedAmerica Properties Inc. is a Delaware corporation pursuing the acquisition and management of well-located medical office buildings with the intention of aggregating multiple properties with strong fundamentals in attractive geographic locations, particularly in the sunbelt states.