MAY 16, 2022

ASB Announces Promotions: Braithwaite and Reed to Managing Directors

WASHINGTON, DC – ASB Real Estate Investments (ASB) announced today a series of promotions, including two new managing directors, four new senior vice presidents, and a new vice president.
ASB Chief Operating Officer Dean Cinkala said: “These promotions are well earned and a recognition of the commitment and hard work of each of these team members who have contributed greatly to the success of the firm.”

New Managing Directors

• Larry Braithwaite, Portfolio Manager of the Allegiance Real Estate Fund, ASB’s $8.8 billion core investment vehicle, has been promoted from Senior Vice President to Managing Director. Leading research-based initiatives to develop fund investment strategies, he has been instrumental in increasing Allegiance Fund’s recent allocations into industrial, apartment and self-storage sectors. He joined ASB in 2006 as an analyst after working in investment banking. He received his undergraduate degree from the University of North Carolina and his MBA from Harvard.
• Brendan Reed, ASB’s General Counsel since 2017, has been promoted from Senior Vice President to Managing Director. He oversees all of the company’s legal affairs and is involved in all of its major transactions, including our largest single transaction in its history: a national data center portfolio sale significantly in excess of $1 billion. In recent years he has spent increased time enhancing our banking partnerships while closing several billion dollars of financings and leading the syndication of the Fund level credit facilities with J.P. Morgan resulting in the Fund’s successful $1 billion unsecured facility. He received his undergraduate degree from Harvard University and his law degree from the University of Virginia.

New Senior Vice Presidents

• Kavita Mathews has been promoted from Vice President in the Capital Investment Group to Senior Vice President. Since joining ASB in 2018, she has helped lead company asset management and new investment initiatives on the West Coast, identifying and evaluating recent major apartment and industrial acquisitions in Southern California and Phoenix. She received her MBA from Harvard and her undergraduate degree in Finance from the Wharton School at the University of Pennsylvania.
• Mary Murphy has been promoted from Vice President in the Capital Investment Group to Senior Vice President. She has participated in more than $2 billion of acquisitions, sales, and financings as well as 1.3 million square feet of lease transactions since joining ASB in 2014. She is a graduate of the University of Georgia and completed her Executive MBA at Wharton.
• Frank Nigro, who joined ASB’s Client Services Group in 2010, has been promoted from Vice President to Senior Vice President. He manages more than 70 investor accounts with an aggregate net asset value of over $1.5 billion and has helped raise more than $1 billion for ASB investment funds. He received his undergraduate degree in political science from Salem State University and his master’s degree in economics from Boston University.
• Michael Wiest has been promoted from Vice President in the Capital Investment Group to Senior Vice President. Since joining ASB in 2012, he has closed 18 acquisitions totaling $1.34 billion, eight sales totaling $389 million, and five financings totaling $229 million. Additionally, he has executed approximately 200 lease transactions totaling 2.5 million square feet. He received his undergraduate degree from the University of Virginia’s McIntire School of Business.

New Vice President

• Cassidy Toth has been promoted from Senior Research Analyst to Vice President and Head of Research. She joined ASB in 2014 as a research analyst and co-founded ASB’s research program, helping inform the firm’s investment decision making and portfolio structuring initiatives to drive investment performance. Cassidy holds a B.S. degree in Finance and Real Estate from Florida State University.

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 $9.5 billion* in gross assets under management for over 320 institutional clients. Headquartered in Washington DC, ASB invests in major U.S. markets, concentrating in office, multifamily, retail, industrial and self-storage properties and employs core, value add and development strategies for its clients.

*as of March 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.