Stuart Margulies

Biography: Stuart A. Margulies 112 S. 19th Street, Apt. 1105 Philadelphia, PA 19103 215-820-7051 (c) [email protected] PROFESSIONAL EXPERIENCE Ascent Real Estate, LLC President January 2020 - Present Lubert-Adler Partners Managing Principal – Head of Asset Management 1997 – 2019 • Responsible for oversight of the firm's asset management, valuation and portfolio reporting for SEC Registered Investment Advisor. • Co-Chair of firm's Asset Management Committee: approve annual business plans; perform periodic asset evaluations to review asset performance; review and approve asset level business plan changes, capital plans, hold/sell strategies and financing alternatives; monitor the liquidity of the managed funds. • Member of Compliance and Valuation committees. • Primary asset management responsibility for multifamily, condominium, single-family, self-storage, residential resort, branded hotel and retail assets. Responsible for development and monitoring of operating partner relationship, asset level business plans, capital expenditures, operating budgets, property level financings and asset dispositions. • Acquisition Experience: o Acquisition and redevelopment of 23 multifamily and condominium assets comprising 6,817 units with a capitalization of $662 million • Acquisition and redevelopment of 14 hotels comprising 2,682 keys with a capitalization of $423 million. • Acquisition and redevelopment of 5 office assets comprising 860,000 sf with a capitalization of $95 million. • Acquisition and redevelopment of 11 retail assets comprising 1.9 million sf with a capitalization of $123 million. • Acquisition and development/redevelopment of 15 self-storage assets comprising 1.2 million sf with a capitalization of $161 million. • Acquisition of 24 large tracts of land, comprising over 45,000 acres, for the development of residential resort assets consisting of single-family homes, condominiums, private golf clubs and operating reso