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Comstock Appoints Robert P. Demchak as New General Counsel
Real estate industry veteran joins Comstock's Executive Leadership Team RESTON, Va.--(BUSINESS WIRE)-- Comstock Holding Companies, Inc. (Nasdaq: CHCI)
About this update from Comstock Holding Companies, Inc.
[{"type":"text","content":"\nReal estate industry veteran joins Comstock's Executive Leadership Team\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nComstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties, announced the appointment of Robert P. Demchak to the Executive Leadership team as General Counsel and Corporate Secretary, effective June 24, 2024.\n\n\nMr. Demchak brings over 25 years of experience as a real estate and capital markets attorney and as a REIT executive. His experience encompasses corporate governance, capital markets, regulatory compliance, and management of commercial real estate related transactions. Throughout his commercial real estate focused career, Mr. Demchak has led the closing of over $10 billion in acquisitions, dispositions, commercial mortgages, and credit facilities.\n\n\nAfter practicing law for more than eight years, Mr. Demchak worked at one of the largest commercial mortgage origination firms on Wall Street, structuring and closing more than $4 billion of complex fixed-rate, floating-rate, and mezzanine loans, and other transactions. In 2005, Mr. Demchak joined Simon Property Group, Inc. (NYSE: SPG) as Senior Vice President of the Capital Markets Group, where he focused on large-scale corporate acquisitions, negotiated and documented complex real estate acquisition loans, renegotiated more than $3 billion of corporate obligations, and managed the formation and corporate spinoff of Washington Prime Group (NYSE: WPG).\n\n\nWhile at WPG, Mr. Demchak held various executive management positions, including Executive Vice President, General Counsel, and Corporate Secretary. He led the legal and human resources departments, chaired the firm’s investment committee, and negotiated and closed a public company merger, several large unsecured corporate debt offerings, and multiple joint ventures and secured debt financings.\n\n\nMr. Demchak will be responsible for managing the Company’s legal department while overseeing all aspects of corporate governance procedures. Mr. Demchak will work closely with the Company’s executive team on strategic initiatives, including real estate acquisitions and dispositions, strategic partnerships, corporate and asset finance transactions and facilitating the Company's M&A strategy. Additional...