JULY 30, 2018

ASB Names Three New Vice Presidents in Capital Investment Group

WASHINGTON, DC – ASB Real Estate Investments announced today the promotions of three Senior Investment Associates to Vice Presidents in the company’s Capital Investments Group, responsible for valuing, underwriting and due diligence of property acquisitions as well as oversight of existing investments.

Based in the company’s headquarters, the new officers are:

  • Mary Murphy joined ASB in 2014 after working as an underwriting and production analyst for Prudential Mortgage Capital Company and a data analyst of LIHTC syndications at Integratec Services, a CohnReznick subsidiary. She holds a BBA in Real Estate cum laude from the University of Georgia.
  • Michael Wiest, who joined the company in 2012, is also Assistant Portfolio Manager for the Meridian Real Estate Fund series, ASB’s value creation vehicle. Prior to joining ASB, he spent two years as an Investment Banking Analyst with Milestone Advisors after graduating from the McIntire School at the University of Virginia with a BS in Finance.
  • Thomas Wood joined ASB in 2015 after three years as an associate with Cushman & Wakefield’s (formerly Cassidy Turley) Washington investment sales team where he was involved in $2.1 billion of transactions. He has a BSB in Finance from Virginia Tech and an MBA in Real Estate and Management with honors from the Wharton School.

Murphy, Wiest, and Wood source deals and negotiate transactions for the company, recommend major transaction opportunities to the firm’s investment committee, lead lease and other property related negotiations, and manage corporate-level special projects.

Robert Bellinger, ASB’s President and CEO, said: “These talented executives have been instrumental members of our Capital Investments team, dedicated to meeting our fiduciary responsibilities to clients and working effectively in our highly collaborative environment. Together they have participated in more than $2 billion of ASB acquisitions, financing and sales transactions, and their promotions are well deserved for all their efforts in repeatedly delivering superior results.”

About ASB Real Estate Investments
ASB Real Estate Investments (ASB), a division of ASB Capital Management, LLC, is a leading U.S. real estate investment management firm with $7.4 billion* in gross assets under management for over 340 institutional clients. Headquartered in Washington DC, ASB invests in major urban markets across the country, concentrating in office, multifamily, retail and industrial properties. ASB manages the ASB Allegiance Real Estate Fund, its sole vehicle for core investing; the ASB Meridian Real Estate Funds, a series of low-leverage value creation vehicles; and a development separate account.

*as of June 30, 2018

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.