APRIL 25, 2023

ASB Announces Executive Promotions – Expanded Roles for Ruland, Franzetti, and Reed

WASHINGTON, DC – ASB Real Estate Investments (ASB) announced today a series of promotions of long-serving members on its executive team as well as for other officers:

Brodie Ruland, Chief Operating Officer:  A 24-year real estate industry veteran, including 15 years at ASB, Ruland will have responsibility for the operational and financial performance of all assets in ASB’s real estate investment portfolios.  He will oversee asset management and accounting and continue to serve as Portfolio Manager for ASB’s Meridian Funds.  Sector leads for the industrial, residential, office and self-storage assets will report to him. He had been Co-Head of Acquisitions. Ruland succeeds Dean Cinkala, who retired after a successful four-year tenure with the organization.

Nicolás Franzetti, Managing Director, Head of Acquisitions: Franzetti had been Co-Head of Acquisitions with Ruland.   He now will be responsible for all deal sourcing and expanding the firm’s portfolios of industrial, multifamily, and self-storage investments, as well as exploring emerging sectors and geographical market opportunities.  He oversees a team of regional senior vice presidents, associates and analysts. Franzetti joined ASB 17 years ago.

Brendan Reed, General Counsel, Managing Director and Head of Debt Capital Markets: Reed, who has been ASB’s General Counsel since 2017 and was named Managing Director last year, adds to his responsibilities, overseeing the company’s lending relationships and managing debt and derivatives transactions. He also will direct the company’s human resources department.

ASB President and CEO Robert Bellinger said: “Brodie, Nick, and Brendan’s expanded executive roles highlight their contributions and importance to the ongoing effort of ASB seeking to deliver the highest levels of service and performance for our clients. I want to thank Dean Cinkala for all his considerable efforts in enhancing our investment and asset management teams and operating functions. He has been a valuable leader, mentor, and resource and all of us wish him the best in his retirement.”

Other officer promotions include:

David Bohman, Head of Commercial Real Estate Asset Management: A Senior Vice President, Bohman will oversee asset management teams for industrial, office, retail and self-storage. He joined ASB in 2011, and most recently headed industrial asset management and acquisitions.

Christina Chang, Senior Vice President, Head of Residential Asset Management: Chang heads residential portfolio management with $2.6 billion in assets and directs the company’s ESG program, which she has been instrumental in developing and expanding. She joined ASB in 2019.

Jack Hallemann, Vice President: Hallemann has been promoted to Asset Management Office Sector Head.  He previously led due diligence for multiple acquisitions and debt financings and managed the repositioning and leasing of large assets within ASB portfolios. He joined the company in 2017.

Thad Ricotta, Vice President: Ricotta joined ASB in 2017 and heads both retail and self-storage asset management, responsible for an approximately $800 million portfolio. He also has been a lead on various industrial and multifamily acquisitions and has been instrumental in upgrading asset management reporting systems.

In addition to the aforementioned promotions, other senior officers assuming greater leadership roles include:

Kavita Mathews, Senior Vice President, will take on greater responsibility as Western Region Head of Acquisitions, which includes California, Arizona, Washington, and Oregon.

Mary Murphy, Senior Vice President, will take on greater responsibility as Southeast and Mid-Atlantic Region Head, which includes Pennsylvania, New Jersey, New York, Washington D.C metro area, the Carolinas, Georgia, Florida, Tennessee, and Louisiana.

Michael Wiest, Senior Vice President, in addition to his current responsibilities as Assistant Portfolio Manager of the Meridian Funds, will take on greater responsibility as Central and New England Region Head of Acquisitions, which includes Colorado, Utah, Idaho, Texas, Minnesota, Illinois, and New England.

About ASB Real Estate Investments
ASB Real Estate Investments (ASB), a division of ASB Capital Management LLC, is a major U.S. real estate investment management firm with more than $9.7 billion* in gross assets under management from over 315 institutional investors. Headquartered in the Washington D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, office, retail, and self-storage properties.

*as of December 31, 2022

The information provided in the release does not constitute an offer to sell or buy securities or the solicitation of an offer to sell or buy securities.