ASB Real Estate Investments has appointed a former managing director at Keefe, Bruyette and Woods (KBW) and Eastdil Secured as its new head of marketing.
According to the Bethesda, Maryland-based US-focussed real estate investment management firm, Andrew Dietz has joined the ASB as managing director and head of marketing. In this newly created position, Dietz will be responsible for servicing the firm’s institutional investors in the public and corporate pension and non-pension sectors. Judy McCoy, managing director, will continue to head marketing and client service for one particular investor, Taft Hartley investors, which represent union pension funds in the US. Dietz will also become a member of the firm's management committee.
A spokeswoman for the firm confirmed that Dietz will report directly to Robert Bellinger, president of ASB Real Estate Investments. Bellinger said in a statement that Dietz’s “years of experience advising a variety of investment firms give him key insight in the expected growth of our platform”.
Dietz has extensive experience working with institutional investors due to his previous positions. Before joining ASB, Dietz was a managing director at KBW. Prior to that, he was a managing director at Eastdil Secured, where he co-led the firm’s private equity capital-raising group. During his eight years with KBW and Eastdil, Dietz worked with international and domestic institutional investors, advising investment management firms and real estate operators on the formation of funds, joints ventures and large portfolio recapitalizations.
ASB Real Estate Investments, a division of ASB Capital Management, has more than $3 billion in assets under management in core and value-add sectors. ASB's portfolios have 203 properties totalling more than 17 million square feet in 26 markets throughout the US.