Mike Daugard to Lead Comstock’s Acquisitions Team
May 14 2019 - 9:56AM
Comstock Holdings Companies, Inc. (NASDAQ: CHCI) (“Comstock”) is
pleased to announce the appointment of Mike Daugard as
SVP/Acquisitions. In this role, Mr. Daugard will identify
acquisition opportunities, negotiate transaction details, perform
transaction underwriting and due diligence, and work with
Comstock’s executive team to develop property specific strategies
designed to enhance asset performance and return on investment as
the commercial developer and asset manager seeks to further expand
its portfolio of mixed-use and transit-oriented properties in the
Washington, DC region.
Mr. Daugard has closed more than $4.5 Billion of
transactions in his 20-year career. Comstock is developing and
managing a portfolio that encompasses several million square feet
of mixed-use and transit-oriented assets in the Dulles Corridor,
including Reston Station and Loudoun Station, and has completed
several acquisitions in Reston, Virginia during the last year.
“We are thrilled to have Mike Daugard on the
Comstock team,” said Christopher Clemente, CEO of Comstock. “Mike
is a seasoned industry professional with deep market knowledge and
insight that enhances Comstock’s ability to identify attractive
institutional investment opportunities, increase assets under
management across asset classes, and drive bottom line
results.”
Prior to joining Comstock, Mr. Daugard spent
most of his career at Washington Real Estate Investment Trust with
notable transactions that include the divestitures of medical
office and industrial portfolios to facilitate acquisitions across
office, multifamily, and retail asset classes. Mr. Daugard also
held acquisitions and investment sales roles at Rubenstein
Partners, JLL, Lowe Enterprises, and The Mills Corporation.
“I am excited to have the opportunity to grow
Comstock’s portfolio in the region,” said Mike Daugard,
SVP/Acquisitions for Comstock. “I look forward to leveraging my
experience to advance Comstock’s core objectives through future
asset acquisitions and investments.”
Mr. Daugard earned a B.S. in Finance from the
University of Maryland at College Park, where he graduated cum
laude with honors from the Business Honors and University Honors
program. He also served as adjunct professor at his alma mater for
six years.
About Comstock Holding Companies,
Inc.
Comstock Holding Companies, Inc. (“CHCI”) is a
multi-faceted real estate development, asset management and real
estate related services company that, since 1985, has designed,
developed, constructed and managed several thousand residential
units and millions of square feet of residential and mixed-use
projects throughout the Washington, DC metropolitan market and in
other key markets in the southeastern United States. In early 2018,
CHCI transitioned its operating platform from being primarily
focused on developing on-balance sheet, for-sale, homebuilding
projects to being focused on commercial real estate development,
asset management and real estate related services. In addition to
providing real estate development, asset management, and property
management services, CHCI provides development supply chain
services, including capital markets, real estate brokerage,
environmental consulting and design services in the Washington, DC
metropolitan area and in New Jersey and Pennsylvania. Anchoring the
transition of CHCI is a long-term asset management agreement
covering two of the largest transit-oriented, mixed-use
developments in the Washington, DC area; Reston Station, a nearly 5
million square foot transit-oriented, mixed-use development located
in Reston, VA, and Loudoun Station, a nearly 2.5 million square
foot transit-oriented, mixed-use development in Ashburn, VA, as
well as other additional development assets. Comstock’s substantial
experience in entitling, designing, developing, and managing a
diverse range of properties including apartments, single-family
homes, townhomes, mid-rise condominiums, high-rise condominiums and
mixed-use (residential and commercial) properties, as well as large
scale commercial parking garages and infrastructure projects, has
positioned the Comstock organization as a premier developer and
real estate related service provider in the mid-Atlantic
Region. The Company is publicly traded on NASDAQ under
the symbol CHCI. For more information about CHCI, please visit
www.ComstockCompanies.com.
Cautionary Statement Regarding
Forward-Looking Statements
This release may include "forward-looking"
statements that are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by use of words such
as "anticipate," "believe," "estimate," "may," "intend," "expect,"
"will," "should," "seeks" or other similar expressions.
Forward-looking statements are based largely on our expectations
and involve inherent risks and uncertainties, many of which are
beyond our control. Any number of important factors could cause
actual results to differ materially from those in the
forward-looking statements. Additional information concerning
important risk factors and uncertainties can be found under the
heading "Risk Factors" in our latest Annual Report on Form 10-K, as
filed with the Securities and Exchange Commission.
Comstock specifically disclaims any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future developments or otherwise.
Company Contact: Comstock Holding Companies,
Inc. Denise Pattakos 703.230.1146Shanna Wilson
917.674.3096Source: Comstock Holding Companies, Inc.
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