Asheel Shah
Senior Managing Director, Head of Real Estate at Ejf Capital LLC
About
Asheel Shah is the Senior Managing Director and Head of Real Estate at EJF Capital LLC in Arlington, VA, where he leads all commercial real estate investment activities and is responsible for acquisitions, development, and asset management across EJF’s real estate funds. He is a member of the firm's Executive Committee and directly oversees portfolio management strategies, with a focus on ground-up development and broader real estate investment initiatives.
Mr. Shah specializes in real estate investment, covering sectors such as multifamily, commercial, and mixed-use developments, leveraging over 25 years in the industry. Before joining EJF in 2018, he served as President and Chief Investment Officer of Kettler’s Multifamily Division, where he managed acquisitions, development, and construction, and earlier held leadership roles at Monument Realty and CarrAmerica Realty Corp.
He holds an MBA in Corporate Finance from UNC Kenan-Flagler Business School and a BS in Financial Management from Saint Joseph’s University. Recognized for his expertise in portfolio management and investment strategy, Shah is also active in industry organizations like the Urban Land Institute, contributing his experience to the advancement of real estate investment practices.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| EJF Capital LLC | Senior Managing Director, Head of Real Estate | Oct 2018 to Present | — |
| Kettler | President and Chief Investment Officer Multifamily | Aug 2007 to Sep 2018 | — |
| Monument Realty | Vice President | Jun 2002 to Oct 2007 | — |
Education
UNC Kenan-Flagler Business School
MBA, Corporate Finance
1998 — 2000
Saint Joseph's University
BA, Finance, Minor Politics
1989 — 1993
Skills & Expertise
Others at Ejf Capital LLC (17)
| Name | Role | Location |
|---|---|---|
 | Partner, Managing Director, Head of Business Development | Washington, DC , United States |
 | Managing Director, Portfolio Management | Arlington, VA , United States |
C Chris Kazacos | Senior Managing Director and Partner, Trading | Arlington, VA , United States |
 | Managing Director, Business Development | United States |
 | Senior Managing Director | Long Hill, NJ , United States |
 | Co-Chief Investment Officer, Senior Portfolio Manager | Arlington, VA , United States |
O Omer Ijaz | Senior Managing Director, Portfolio Manager | London, United Kingdom |
R Regina Richardson | President | Arlington, VA , United States |
S Steve Stelmach | Managing Director | Arlington, VA , United States |
V Victor Li | Portfolio Manager | Gaithersburg, MD , United States |