Dominium Expands Corporate Advisory Board with Addition of Dean Adler and Ken Bacon
Earlier this year, Dominium established a corporate advisory board because we wanted to gain outside perspective on Dominium’s mission and how to continually support the needs of the affordable housing market.Serving this market comes with unique challenges, so we sought out some of the best thought leaders in the industry to join our board and bring their deep relevant experience, wisdom and energy to our company as we continue to innovate and deliver against our core mission.
With this goal in mind, we are thrilled to announce that Dean Adler and Ken Bacon have accepted invitations to join our board.
Both Dean and Ken bring decades of experience in the affordable housing field, as well as corporate board experience, and will contribute unique views on how to best run a company like Dominium.
We wanted to share a little bit of background about Dean and Ken, and let them, in their own words, talk about their decision to join our board.
Dean is CEO and Founder of Lubert-Adler Partners, L.P., a real estate equity firm with over $7 billion in equity and $17 billion of assets under management. Dean has spent 20 years there managing investments of 70 thousand units of multifamily housing, as well as office, retail and hotel real estate. Dean is currently on the corporate board of Bed, Bath & Beyond and brings experience from several other boards.
Dean initially became interested in the board opportunity because of his long-standing relationship with Dominium’s managing partners. What sold him on the opportunity was the knowledge that there is a serious need for affordable housing and the belief that Dominium is uniquely suited to make an impact. He says the housing crisis needs to be addressed by “best-in-class operators with great skill and high integrity” and he believes Dominium fits the bill.
Ken has spent his entire career in housing. He is the Co-Founder and Managing Partner of RailField Partners, a real estate asset management and private equity firm. Before RailField, Ken was the Executive Vice President of Multifamily Business at Fannie Mae. Ken currently serves on the boards of Ally Financial, Comcast, Forest City Realty Trust and Welltower.
Ken was connected to the board through Dean’s recommendation and Dominium employees who have worked with Fannie Mae. He’s excited about Dominium’s mission and says that “it doesn’t get better than that: to find a situation where you are excited about what a company is doing and you feel like you can add value to that company.”
Ken and Dean both see value they can provide Dominium beyond their years of experience in the real estate business.
Ken has worked with every leading apartment company in the country and has gained a breadth of knowledge from that work. He also can provide insight on corporate governance based on his experience as a corporate director and his past as an investment banker. He wouldn’t have joined Dominium if he didn’t believe the business was headed in the right direction but says “you can always learn from others.”
Dean brings public and private insight to the table including significant experience in building businesses. He has a track record of proven success in high-quality financing, expansion plans, and cultivating cultures that attract and retain talent.
Both Dean and Ken plan to aid Dominium in improving the business while maintaining its same high standards and ensuring that those standards are sustainable. Dominium faces the challenges and risks that go along with the complex affordable housing industry and the corporate advisory board aims to navigate those challenges and achieve operational excellence.
To learn more about the Dominium Corporate Advisory Board and other company Leadership, please visit the Leadership page on our website.
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