Press Release

Commercial Real Estate Veteran Kerri Thomas Joins American Real Estate Partners as SVP Leasing

Role to Amplify Revenue Generation Function Across Existing Portfolio and Support Planned Market Expansions

HERNDON, VA American Real Estate Partners (AREP) announced today that Kerri  Thomas  has joined  the Company  as Senior  Vice President for Leasing.   Thomas,  an industry veteran, brings more  than 15  years  of leasing  experience from Cushman  & Wakefield and was responsible for $1.6B in lease transactions totaling more  than 4M square  feet while at the firm.  Recognized numerous times by peers  and professional organizations for her contributions and achievements, Thomas  has earned  a reputation for results amid  even  the most challenging of market conditions.

“We are excited to welcome Kerri  to the AREP family,” said Paul Schulman,  Principal  and COO, AREP.  “As we work  to expand  our platform and scale, maximize portfolio performance and increase  recognition of the inspired environments and experiences we create, Kerri  brings  a proven track record of success  and the drive  for turning our vision  into long-term, sustainable growth.   Having  known  her for many  years,  she is ideally  suited for this pivotal role and we are fortunate to have her coming aboard.”

As Senior Vice President of Leasing,  Thomas  will report to the Executive Managing  Director of Leasing,  Michael Gribbon,  and work  collaboratively with him to amplify the revenue generation function, raise awareness of AREP’s brand,  and support planned  expansion efforts as the Company  prepares to aggressively pursue  new markets, asset types and development opportunities.   Effectively, the role is concerned with the analytical preparation and strategic pursuit of growth opportunities relating to the leasing  function as well as the subsequent support activities across  the recruitment-to-renewal tenant lifecycle assuring  that the Company is capable  of meeting both short and long  term business  objectives.

“Through her 15-year career  at Cushman  & Wakefield, Kerri  has proven herself to be smart, highly capable  and of the utmost character and integrity,” said Michael Gribbon,  Principal  and Executive Managing  Director of Leasing,  AREP.  “Not only  does Kerri  intuitively understand the complexities and layered nuances  of commercial real estate, but her ability to pragmatically analyze  market opportunities and provide a depth of leasing  experience in large  scale renovation and ground up development projects aligns well with the growth trajectory of the Company.

Her knowledge of the urban  core  and emerging markets will translate and prove  beneficial to our existing and target geographies as we look  to expand.”

Thomas  will assume  responsibility for specific AREP assets in target markets to drive  their growth and achieve  revenue objectives.   This includes  leasing  and marketing initiatives that demonstrate the value AREP delivers across  its portfolio and to its partners.

“I am thrilled to be joining the AREP team,” said Kerri  Thomas.   “It is a company on the move and I am excited to leverage my experience to further the business  and distinguish the benefits of our approach for  the customers we serve,  the places  we create and the returns we earn.”

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About American Real Estate Partners
American  Real Estate  Partners (AREP) is an institutional fund manager and operating partner focused on office and mixed-use  repositioning and development.  AREP strives to bring a sense of place to each asset making its properties more desirable to their  clients  and, in turn,  creating enhanced returns for its investors.  For more information, please visit https://americanrepartners.com.