David R. Lukes

President and Chief Executive Officer at Curbline Properties

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

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

Organization	Role	Date Range	Details
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

Organization	Role	Date Range	Details
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 Name	Amount	Payment Schedule	Additional Details
Base Salary	N/A	N/A	Exact amount not provided in documents
Other Compensation	N/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 Name	Performance-Based LTIP Units (PB LTIPs)
Number of Units	776,868 units
Grant Date	October 15, 2024
Grant Date Fair Value	$6.0 million
Performance Metrics	50% Relative Total Shareholder Return (TSR) and 50% Operating Funds from Operations (Operating FFO) Growth
Performance Period	5 years (October 15, 2024 – November 20, 2029)
Evaluation Period & Weights	3-year: 25%, 4-year: 25%, 5-year: 50%
Vesting Schedule	Vests in equal installments at the evaluation periods, contingent on achieving the performance metrics
Additional Details & Conditions	Any 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.