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    David R. Lukes

    President and Chief Executive Officer at Curbline Properties Corp.
    Board
    Since November 2023
    Age
    55 years
    Education
    Holds a Bachelor of Environmental Design from Miami University, a Master of Architecture from the University of Pennsylvania, and a Master of Science in Real Estate Development from Columbia University.
    Tenure
    Joined CURB as President and Chief Executive Officer in November 2023 and subsequently joined the Board of Directors in July 2024.

    Also at Curbline Properties Corp.

    CMF
    Conor M. Fennerty
    Executive Vice President, Chief Financial Officer, and Treasurer
    JMC
    John M. Cattonar
    Executive Vice President and Chief Investment Officer
    LHS
    Lesley H. Solomon
    Executive Vice President, General Counsel, and Secretary

    About

    David R. Lukes is a seasoned executive with extensive leadership experience in the real estate sector and is currently serving as the President and Chief Executive Officer of CURB since November 2023. At 55 years old as of February 2025, he combines a strong educational foundation with a robust professional history, having earned degrees in environmental design, architecture, and real estate development.

    Throughout his career, he has held top executive roles at several prominent firms, including SITE Centers, Equity One, Inc., Seritage Realty Trust, and Olshan Properties, which underscores his comprehensive expertise in managing large-scale real estate operations and strategic initiatives.

    At CURB, his tenure has marked a period of significant progress, including major milestones such as the acquisition of 20 convenience shopping centers for $206.1 million and the securing of a $500 million credit facility, positioning the company as a leader in its niche market. His contributions are bolstered by a role on the Board of Directors and involvement in industry governance, demonstrating both a commitment to operational excellence and strategic oversight.

    $CURB Performance Under David R. Lukes

    Past Roles

    OrganizationRoleDate RangeDetails
    Equity One, Inc. Chief Executive Officer 2014 to 2017 Owner, developer, and operator of shopping centers
    Seritage Realty Trust President and Chief Executive Officer 2012 to 2014 Affiliated with Sears Holding Corporation
    Olshan Properties President and Chief Executive Officer 2010 to 2012 Privately-owned real estate firm specializing in commercial real estate
    Kimco Realty Corporation Chief Operating Officer (and other senior management roles) 2002 to 2010 Real estate investment trust specializing in shopping centers

    External Roles

    OrganizationRoleDate RangeDetails
    SITE Centers Corp. President and Chief Executive Officer Since March 2017 - Present N/A
    SITE Centers Corp. Member of the Board of Directors Since March 2017 - Present N/A
    Retail Value Inc. (RVI) President, Chief Executive Officer, and Director Since April 2018 - Present N/A
    Citycon Oyj Independent Director Since 2017 - Present Owner and manager of shopping centers in the Nordic region
    National Association of Real Estate Investment Trusts (NAREIT) Member of the Advisory Board of Governors N/A N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base SalaryN/A N/A Exact amount not provided in documents
    Other CompensationN/A N/A Amendment allows election to receive up to 100% of the annual cash incentive payout as restricted stock or LTIP Units, with the number of shares/units calculated as 1.2 times the portion elected divided by the 10-day average closing price prior to the grant date

    Performance Compensation

    Data from  FY 2024

    Performance-Based LTIP Units

    Metric (Unit/Scale)Detail
    Component NamePerformance-Based LTIP Units (PB LTIPs)
    Number of Units776,868 units
    Grant DateOctober 15, 2024
    Grant Date Fair Value$6.0 million
    Performance Metrics50% Relative Total Shareholder Return (TSR) and 50% Operating Funds from Operations (Operating FFO) Growth
    Performance Period5 years (October 15, 2024 – November 20, 2029)
    Evaluation Period & Weights3-year: 25%, 4-year: 25%, 5-year: 50%
    Vesting ScheduleVests in equal installments at the evaluation periods, contingent on achieving the performance metrics
    Additional Details & ConditionsAny unearned awards at earlier evaluations remain eligible up to the 100% cap; if elected under the annual cash incentive provision, conversion is done at 1.2 times the elected portion divided by the 10-day average closing stock price

    The table above details the performance compensation components for 2024 as provided in the documents.