DMB Names Freericks President

Charley FreericksApril 10, 2012 — DMB executive Charley Freericks has been named President of DMB  Freericks formerly served as a Senior Vice President and General Manager of DMB Commercial (DMBC).

“As we enter a new phase of active development with the planned launch of Eastmark, at the former GM Proving Grounds, DMB is positioning its team for the development of this exciting new community and the reemergence of development throughout its Arizona portfolio. Freericks, a 14-plus-year veteran of the Company, brings a wealth of experience working in our communities. We are thrilled to have him leading the Company during a very dynamic period of growth for our operations,” said Drew Brown, DMB Founding Partner and Board Chairman.

“I’m excited about the near- and long-term opportunities, and continuing to work with a team comprised of the most talented professionals in our industry. Our people and our portfolio are a powerful combination. DMB’s real estate assets represent the Valley’s finest masterplanned communities and mixed-use properties, and they are poised for significant residential and employment growth,” said Freericks.

Freericks joined DMB in 1997 and has served as the general manager for Verrado and DC Ranch, and as the senior executive in charge of Marley Park and One Scottsdale. His leadership of DMBC in most recent years resulted in DMB protecting and strategically positioning its portfolio of commercial assets, which today are nearly fully leased.

Freericks is active in industry associations and community groups, currently serving Fighter Country Partnership (Luke Air Force Base) as Board Chair since 2006. He is a full member of the Urban Land Institute, an active member of NAIOP and has served as Chairman for Valley Partnership and the Trust for Public Land (TPL) Arizona. He’s recognized in the industry for his leadership, market knowledge, and expertise in land and commercial development.

Prior to joining DMB, Freericks served as President of Talley Realty Group after starting his career with Grubb & Ellis.

David Bruner, DMB’s Chief Operating Officer, is remaining with DMB through an orderly transition period and returning to his long-time role as investment partner with DMB Circle Road. Bruner started his partnership with the Company more than 20 years ago, working with the partners on a number of strategic land investments and commercial development opportunities. Three years ago, Bruner brought his real estate and financial expertise to DMB and helped position the Company for the next development cycle. “A long-time Valley entrepreneur and value-add real estate veteran, David will continue to partner with DMB through his family of companies,” said Brown.

DMB , will continue to focus on its legacy community projects and partnerships, including DC Ranch, Verrado, Marley Park and Sendero, the newest community within Rancho Mission Viejo in southern California, and will continue to manage its commercial/mixed-use portfolio including One Scottsdale, Centerpoint on Mill and Market Street. The 3200-acre Eastmark property, DMB’s newest master-planned community located in the heart of the East Valley, is underway on its first phases of development scheduled for opening in 2013.

For nearly 30 years, DMB has built a reputation for creating value in real estate through the entitlement and development of some of the most innovative and sustainable communities in the country.

Jill Hegardt

Vice President

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