Weber Bolts Fannie Mae

Phil Weber left his post as head of Fannie Mae's multifamily division in late September to become an executive vice president at Austin, Texas-based residential developer Forestar Group.

Weber had been at Fannie Mae since 1990, serving in a variety of roles before being named senior vice president of multifamily in 2006. Michele Evans and Heidi McKibben will serve as interim heads of Fannie's multifamily division. —Jerry Ascierto

New CFOs at Mid-America, BRE

New CFOs are taking the reins at Memphis, Tenn.-based Mid-America Apartment Communities and San Francisco-based BRE Properties.

When BRE CFO Henry Hirvela resigned last November after only six months on the job, COO Ed Lange took over on a temporary basis. Now, John Schissel, previously CFO for Carr Properties, a small Washington, D.C., office REIT, will be taking the helm.

At Mid-America, the REIT has been preparing for the departure of longtime CFO Simon Wadsworth for three years. Current executive vice president and treasurer Al Campbell will be taking over in January 2010. —Les Shaver