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Asheel Shah Joins Kettler as Vice President of Acquistions

Firm Adds Staff to Enhance Acquisition Strategy and Boost Third Party Management portfolio

November 7, 2007

Kettler, one of greater Washington, DC’s largest diversified real estate and property management companies, announced today that Asheel Shah has joined the company as vice president of real estate acquisitions.

As vice president of real estate acquisitions, Shah is responsible for originating investment opportunities, property underwriting, due diligence, financing and transaction closings of land and existing multifamily projects, condominiums, retail, residential and commercial assets.

“Asheel’s exceptional real estate and financial background will be tremendously valuable to the company,” said Robert C. Kettler, founder, chairman and CEO of Kettler. “In contributing his expertise to a wide range of notable acquisitions and developments throughout his career, Asheel will undoubtedly have an immediate impact in solidifying Kettler as a leader in real estate development.”

Shah will oversee existing and future equity joint venture relationships and agreements, the RFP process for all investments, as well as new business opportunities.

Shah, a member of the ULI Executive Committee, has 13 years of experience in the real estate development and finance industry. He began his career in the Real Estate Services Group of Arthur Andersen, and later continued his experience at CarrAmerica. Shah then joined Monument Realty and was involved in the development and acquisition of various commercial projects. Most notably, Shah contributed to the acquisition of the Watergate Hotel and the land assemblage near the entrance to the new Washington Nationals Ballpark.

Shah received his B.A. in Finance from Saint Joseph’s University and received his MBA from the University of North Carolina at Chapel Hill.

About Kettler
Based in Northern Virginia and celebrating the 30th anniversary of its founding in 1977 by Chairman Robert C. Kettler, Kettler is a leading developer of award-winning, mixed-use residential and commercial properties across the Washington Metropolitan area. In 2007, Kettler was named one of the area’s largest private companies by the Washington Business Journal and is one of the nation’s top 20 multifamily developers. Kettler has developed more than five million square feet of commercial space and more than 50,000 homes. The company also owns and manages 10,000 apartments in 42 locations. Current projects include urban and transit-oriented developments, multifamily housing, commercial and mixed-use developments and resort communities. For more information please visit www.kettler.com