July 25, 2018

Robert J. Gronda Joins ASB as Vice President in Client Services Group

WASHINGTON, DC – ASB Real Estate Investments (ASB) announced today that Robert J. Gronda has joined the Client Services Group as Vice President responsible for business development and client management activities. Gronda, who has more than 25 years of experience in the real estate and financial services industry, joined ASB from Bentall Kennedy where he raised capital from Taft-Hartley and public municipal clients for an open-end core real estate fund. Previously, he originated and structured commercial real estate debt for owner/operators at Deutsche Bank Berkshire Mortgage and DaimlerChrysler Capital Services. He also lived and worked internationally as a real estate credit risk management professional for the global lending and leasing divisions of the Daimler Group.

Clyde Robinson, ASB Managing Director and Head of Client Services, said: “Rob is a highly experienced institutional investment management professional with strong client service experience developed over a dynamic career in the commercial real estate financial services industry. He embraces a consultative approach to relationship building, and he is committed to effective communication and collaboration in helping us deepen and expand our industry consultant, Taft-Hartley and public investor relationships.” Gronda received his B.S. from the University of Connecticut as a Finance major with a concentration in Real Estate.

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.