Dominium Appoints Dean Adler and Ken Bacon as Advisory Board Members on Newly Established Corporate Advisory Board
Dominium Appoints Dean Adler and Ken Bacon to its Newly Established Corporate Advisory Board
The new members bring a wealth of corporate board experience and affordable housing development expertise to the developer’s board
Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the recent formation of a corporate advisory board and the appointment of Dean Adler and Ken Bacon as advisory board members. Dean Adler is the co-founder of Lubert Adler Real Estate Funds and Ken Bacon is the co-founder and managing partner of RailField Partners. The board, which also includes members of the Dominium leadership team, held its inaugural meeting on January 9th, 2019.
“As Dominium’s footprint continues to grow, we are excited to add the extensive expertise of these two industry leaders,” said Paul Sween, managing partner of Dominium. “Both Dean and Ken bring years of practice in real estate development, affordable housing and corporate governance with stellar track records behind their work. We intend to tap into that knowledge base as we continue to find creative ways to finance, develop and manage affordable housing around the country.”
Dean Adler 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. He currently serves on the board of directors of Bed Bath and Beyond (NASDAQ: BBBY) and is an Executive Committee Member and Research Sponsor for the Zell/Lurie Real Estate Center of The Wharton School. Dean graduated magna cum laude from the Wharton School of the University of Pennsylvania and holds a J.D. degree with honors from the University of Pennsylvania Law School. He has been a keynote speaker for national real estate organizations such as the Urban Land Institute and the International Council of Shopping Centers. Dean has served on numerous community boards and has served on the City of Philadelphia’s Economic Development Summit.
“Dominium has built a strong business in the affordable housing realm, with solid real estate know-how underpinning every deal. I’m excited to join their board and contribute to projects that are central to strong community development,” said Adler.
Ken Bacon is Co-founder and Managing Partner of RailField Partners, a real estate investment firm. Ken currently serves on the Board of Directors of Comcast Corporation, Ally Financial, and Welltower. Prior to founding RailField, Ken spent 19 years at Fannie Mae, most recently as the Executive Vice President and Head of the Multifamily Business. Ken is an alumnus and former trustee of Stanford University, where he received his B.A. He also holds a M.Sc. in International Relations from the London School of Economics where he studied as a Marshall Scholar, and an M.B.A. from Harvard Business School. In recognition of his service to the Marshall Scholars program, he was awarded an Order of the British Empire (“OBE”) by the British government. He is active in several non-profit and trade groups, including as a Board Member of the Real Estate Executive Council (Vice Chairman), National Multifamily Housing Council, and Martha’s Table.
“Dominium is a true leader in affordable housing, arguably the largest private developer and manager of multifamily apartment homes nationwide. Their work in this critical field helps set the standard of how to develop affordable housing and scale in ways that work for both people and communities. Their pledge to provide 10 percent of their development in pro bono projects speaks volumes about their commitment to this sector,” said Bacon.