JANUARY 6, 2020

Dean Cinkala Joins ASB as Chief Operating Officer

WASHINGTON, DC — ASB Real Estate Real Estate Investments announced today that industry veteran Dean Cinkala has joined the company’s executive team as Chief Operating Officer, a new position reporting to President and CEO Robert Bellinger. A former partner and managing member at JBG Companies, Cinkala oversaw that company’s mixed-use development projects, including millions of square feet of Class A office and retail space as well as thousands of residential and hotel units.

Bellinger said: “In today’s investment environment, operational excellence will be a key driver in producing fund manager competitive advantage. Given recent considerable growth of ASB and our expanding portfolio to more than $8 billion in total assets under management, we are bringing on Dean to provide more senior level tactical firepower into the organization to help ensure driving superior performance outcomes for our clients. Dean’s development expertise and operating skillsets in leasing and property management will be additive to our executive leadership and allow me to focus more on strategic portfolio positioning for the core Allegiance Real Estate Fund and the Meridian series of value-add funds. Dean will serve as co-head of the firm’s Capital Investments Group together with Chief Investment Officer David Quigley in which both will share responsibility for the firm’s transactions and asset management responsibilities. David primarily will focus on finding investments that meet our portfolio objectives, while Dean primarily will be responsible for maximizing performance of the assets. Under Dean and David, members of our investment teams will continue to be responsible and held accountable for investment performance through their entire life cycle from sourcing and acquisition through asset management and disposition. Dean will also oversee accounting, investor reporting, and human resources to better integrate our entire operations.”

Since the beginning of 2014, ASB’s Allegiance Fund has grown in number of investments from 172 properties, totaling 12.2 million square feet, to 229 properties, totaling 14.7 million square feet.

After 15 years at JBG and more recently investing for his own account while volunteering to advise Jubilee Housing, an affordable housing non-profit in Washington DC, Cinkala said ASB’s offer to join the company in a senior leadership role “presented an exciting opportunity to optimize value across a large, national portfolio of prime assets. It’s a chance to work with extremely high-caliber people in a high-character organization, which has always emphasized collaboration to realize its long-term track record of success.”

Over a 34-year career, Cinkala has directly developed more than four million square feet of office projects, including the 500,000-square-foot Central Place in Rosslyn, VA; 300 New Jersey Avenue, a 450,000- square-foot building in Washington DC; and The Pinnacle, a 420,000-square-foot tower in Atlanta. He also oversaw development of 1.7 million square feet of residential, retail and hotel space, including Central Place Residential, a 375-unit luxury apartment building in Rosslyn; the L’Enfant Plaza retail pavilion in Washington DC, and the Hyatt Place Hotel in NE Washington, DC.

Prior to JBG, Cinkala was a partner at Stonebridge Associates, which he joined out of business school.

He has been an Advisory Committee member and guest lecturer at the Georgetown University, McDonough School of Business and a mentor and guest lecturer at the University of Pennsylvania, The Wharton School of Business.

Cinkala graduated cum laude from Hamilton College and earned an MBA from the University of Virginia.

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 more than $8.0 billion* in gross assets under management for over 340 institutional clients. Headquartered in Washington DC, ASB invests in major U.S. urban markets, concentrating in office, multifamily, retail and industrial properties and employs core, value add and development strategies for its clients.

*as of September 30, 2019

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.