About ASB
ASB Real Estate Investments is a leading real estate investment management firm with a focus on high-demand U.S. markets.
ASB Real Estate Investments, a division of ASB Capital Management LLC, is a leading U.S. real estate investment management firm with $6.2 billion* in gross assets under management from over 310 institutional clients. Headquartered in the Washington, D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, self-storage, retail, and office properties.
Key Facts*
$6.2 BILLION GROSS AUM
310+ INSTITUTIONAL CLIENTS
71 ASSETS
23.7 MILLION SQUARE FEET
*as of September 30, 2024
Tenant-Centric Analysis in Portfolio Construction
When evaluating investments, the tenant perspective is central to ASB’s investment thesis and analysis. Across all real estate sectors, paradigm shifts have altered the way we live, work, and shop. The investment team at ASB seeks to identify outstanding real estate investments that are well-positioned to meet the demands of tenants in today’s dynamic market.
ASB's Differentiators
We invest in exceptional assets located in dynamic markets where our tenants want to be.
Performance Comes First
Our investment professionals are guided by the firm’s steadfast fiduciary mission to generate superior risk-adjusted investment performance for our institutional clients and their beneficiaries.
Extensive Market Expertise
Our teams identify investment opportunities in high-demand U.S. markets, seeking assets which can generate above-inflation income growth and attractive long-term appreciation.
Tenant-Centric Investing
Our investment methodology is driven by understanding and anticipating the motivations and requirements of tenants. We focus on assets with specific competitive advantages that are well-suited to meet tenants’ needs.
Accountability and Continuity
Each investment team is responsible and held accountable for asset performance results through its entire holding period from acquisition, strategic planning, asset management, and leasing to eventual disposition.
No Competing Mandates
We manage a limited number of real estate investment products with clear, compelling strategies and no competing mandates.
Commitment to the Community
We are dedicated to making the places we invest in better – actively seeking opportunities to generate positive social and environmental impacts, and committed to sustainability initiatives.
Our History
ASB Capital Management was founded in 1983 as an independent subsidiary of American Security Bank, one of the largest financial institutions in Washington, D.C.
ASB Capital Management is founded.
ASB forms its core, open-end investment vehicle.
ASB is acquired by Chevy Chase Bank as an independent subsidiary joining the B.F. Saul family of companies
Robert Bellinger, CFA, joins ASB Capital Management to lead its real estate group. ASB’s core, open-end investment vehicle assets under management totals $150 million.
ASB’s core, open-end investment vehicle assets under management totals over $1 billion.
As the U.S. economy starts its recovery, ASB launches its first value-add investment vehicle.
ASB’s core, open-end investment vehicle is admitted to the NFI-ODCE.
ASB’s core, open-end investment vehicle is restructured to a Limited Partnership/REIT allowing endowments, foundations, and offshore institutions to invest in the core real estate investment strategy.
ASB commits to fostering and encouraging staff to give back to their communities.
Following the successful realization of its first value-add investment vehicle, ASB launches a second value-add vehicle.
ASB’s core, open-end investment vehicle celebrates its 35th anniversary.
Team
ASB's investment strategies are executed by a team of professionals with diverse perspectives and disciplines.
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See Important Disclosures regarding professional designations held by ASB employees.
Strategies
Our mission is to generate superior risk-adjusted investment performance through proven real estate investment strategies.
ASB professionals have the expertise to make real estate investments successfully along the entire risk spectrum from ground-up developments to stabilized, income-producing assets. In order to minimize investment conflicts, the firm manages a select set of three investment products with exclusive, focused mandates spanning core, value creation, and development vehicles.
David Quigley
Chief Investment Officer, Capital Investments
Core
ASB has one core, open-end investment strategy. The Fund’s strategy is to deliver superior investment performance through long-term NOI growth by assembling a portfolio of high-quality assets with unique and enduring competitive advantages that attract tenants. The strategy is focused on building a diversified portfolio of investments in high-demand U.S. markets.
Value Creation
ASB has a series of low-leverage, closed-end, value-creation investment strategies. They are focused on investment opportunities which can offer compelling risk-adjusted returns achieved through compelling acquisitions and then implementing intensive asset management strategies, which can enhance value through strategic asset management initiatives including leasing, repositioning and/or redevelopment.
Development
ASB also has experience investing in ground-up development opportunities in major markets. Upon stabilization, investments may be monetized or maintained depending on the underlying investment priorities.
News & Views
News Stories
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The portfolio investments described herein are not representative of all ASB portfolio investments. A complete list of ASB’s current portfolio investments is available upon request.