Board of Directors

  • Declan Moylan – Independent Non-Executive Chairman
  • Thomas Schwartz – Non-Executive Director (Investment Manager Nominee)
  • David Ehrlich - Executive Director and Chief Executive Officer
  • Aidan O’Hogan – Independent Non-Executive Director and Senior Independent Director
  • Margaret Sweeney – Independent Non-Executive Director
  • Joan Garahy – Independent Non-Executive Director
  • Phillip Burns - Non-Executive Director
  • Elise Lenser - Company Secretary
Declan Moylan – Independent Non-Executive Chairman

Declan Moylan is a solicitor admitted in Ireland, England and Wales, with over 40 years’ experience in business law practice and in practice management. From 1999 until 2008, he served as managing partner of Mason Hayes & Curran, and subsequently as chairman of Mason Hayes & Curran from 2008 to 2013. Mr Moylan is a director of several Irish registered companies and is also the external member of the Audit Committee of the Office of Ireland’s Director of Public Prosecutions. In November 2015, he was appointed by the Minister for Arts, Culture and Gaeltacht to the board of the Irish Museum of Modern Art.

Thomas Schwartz – Non-Executive Director (Investment Manager Nominee)

Thomas Schwartz has over 35 years of real estate experience. Mr Schwartz qualified as a Chartered Accountant in 1975 and went on to pursue a career in real estate development. Mr Schwartz founded Intraurban Projects to specialise in the development of new housing projects in mature communities. Intraurban built and developed over 2,500 housing units serving all market segments. Mr. Schwartz, through York Heritage Properties and Intraurban Projects, has participated in the development, construction, and management of over 600,000 sq. ft. of commercial space. In 1997, Mr Schwartz founded CAPREIT, Canada’s first apartment real estate investment trust. Mr Schwartz currently is President and Chief Executive Officer of CAPREIT (TSX:CAR.UN) and has supervised CAPREIT’s growth from 2,900 residential units to 48,767, with an estimated total asset value of approximately C$7.9 billion as at 31 December 2016. Mr Schwartz is active in industry and government affairs and is currently on the Board of Trustees of CAPREIT (TSX:CAR.UN); the board of European Commercial Real Estate Limited (TSXV:ERE.P) and the Board of Directors of the Mount Sinai Hospital Foundation. He was also formerly on the board of IRES Fund Management Limited, the company's investment advisor and property manager, from March 2014 to May 2017 and the boards of Chartwell Retirement Residences’ companies (TSX:CSH.UN) from November 2003 to March 2017.  Mr Schwartz is also a member of the Schulich School of Business Advisory Council – Program in Real Estate and Infrastructure.

David Ehrlich – Executive Director and Chief Executive Officer

David Ehrlich is Chief Executive Officer of the Company. Mr. Ehrlich graduated from Dalhousie Law School in 1977 and was a member of the Nova Scotia Barristers Society from 1979 to 1987 and is a continuing member of the Law Society of Upper Canada since 1986. Mr. Ehrlich was for over 10 years, until 31 December 2013, a senior partner of Stikeman Elliott LLP, a leading Canadian business law firm with offices in the principal cities of Canada and internationally in New York, London and Sydney. During his practising as a lawyer, Mr. Ehrlich acted for a number of Canada’s leading real estate investment trusts, investment banks, life insurance companies, banks, pension funds, developers, property owners, asset managers and governmental agencies. Since 1986, he has focused his practice on the public real estate markets and was involved in creating the real estate investment trust industry in Canada from its inception, including the formation of Canadian Apartment Properties Real Estate Investment Trust (CAPREIT). Until January 1, 2013, Mr. Ehrlich was involved in all significant aspects of CAPREIT’s acquisition, financing and capital market activities and has worked closely with all of its senior management. Mr. Ehrlich is also a trustee of CAPREIT (TSX: CAR.UN) and a director of European Commercial Real Estate Limited (TSXV: ERE.P).

Aidan O’Hogan – Independent Non-Executive Director and Senior Independent Director

Mr O'Hogan is a Fellow of the Royal Institution of Chartered Surveyors and of The Society of Chartered Surveyors in Ireland and a past President of the Irish Auctioneers and Valuers Institute. He is Managing Director of Property Byte Ltd, a Property and Asset Management Consultancy. In 2009 he retired as Chairman of Savills Ireland after 40 years as a real estate professional and was previously Managing Director and Chairman of Hamilton Osborne King with almost 30 years experience there and 9 years at Lisney prior to that. He is a Council Member of Property Industry Ireland having been its Chair from 2012 to 2015. He is a Member of the Friends First, Property Advisory Committee. He is also a former non executive Director of Cairn Homes plc.

Margaret Sweeney – Independent Non-Executive Director

Margaret Sweeney has held a number of senior positions including CEO of Dublin Airport Authority (daa plc) and Postbank Ireland Limited. She was a Director in Audit and Advisory Services in KPMG and worked with the firm for 15 years. She is currently a non-executive director on the boards of Dalata Hotel Group plc and HSBC Institutional Trust Services (Ireland) DAC. She also serves as Chairman and non-executive director of a number of private companies and financial services companies authorised by the Central Bank of Ireland. She is a member of Council of the Institute of Chartered Accountants in Ireland and the Board of Galway University Foundation. She was, until recently a member of the Governing Body of Dublin City University for 15 years. She is a Fellow of Chartered Accountants Ireland and a Chartered Director of the Institute of Directors. Ms. Sweeney has been a non-executive director on a number of boards in Ireland and internationally, including Aer Rianta International plc, Flughafen Dusseldorf GmbH, Birmingham International Airport, Hamburg Airport, Shannon College of Hotel Management and Teagasc (Irish Agriculture and Food Development Authority). Ms. Sweeney served as President of the Dublin Chamber of Commerce from 2008 to 2009.

Joan Garahy – Independent Non-Executive Director

Joan Garahy is Managing Director of ClearView Investments & Pensions Limited, an independent financial advisory company. Ms. Garahy has 28 years of experience of advising on and managing investment funds. She is a former Managing Director of HBCL Investments & Pensions (now Wellesley Investments and Pensions Limited) and Director of Investments at HC Financial Services. In the past, Ms. Garahy worked with the National Treasury Management Agency as Head of Research at the National Pension Reserve Fund and was also Head of Research with Hibernian Investment Managers (now Aviva Investors). Prior to that, she spent ten years as a stockbroker with both Goodbody Stockbrokers and NCB in Dublin.

Ms. Garahy has served as a member of the board of directors of Kerry Group plc (ISE: KRZ) since January 2012 and has been Chair of its Remuneration Committee and a member of its Audit Committee since February 2012. She has also served as a director of a number of private companies and was formerly a non-executive director of Galway University Foundation.

Ms. Garahy is a Qualified Financial Advisor and a registered stockbroker. She has an Honours Bachelors of Science and is a Masters of Science graduate. She holds a C.Dip in Accounting & Finance (ACCA).

Phillip Burns – Non-Executive Director

Phillip Burns is the Founder and a Principal of Maple Knoll Capital and has been involved as a principal or advisor in transactions with an aggregate value of over €20.0 billion, with more than 70% centred around real estate across multiple geographies. Mr Burns also has been involved with raising in excess of €11.0 billion of equity for principal investment, including over €2.4 billion dedicated to real estate.

Mr Burns is also the Chief Executive Officer and executive director of European Commercial Real Estate Limited (TSXV:ERE.P)

Previously, Mr Burns was CEO of Corestate Capital, an investment manager focused on distressed real estate transactions in Europe. Prior to this, he was a Managing Director at Terra Firma Capital Partners, where he specialised in infrastructure, real estate and credit. Mr Burns also worked for Goldman Sachs, where he focused on mortgage finance, real estate and general corporate finance, and was a corporate attorney at Skadden Arps.

Mr Burns holds a Bachelor of Science in Aerospace Engineering from the University of Michigan and a Juris Doctor, summa cum laude, from Syracuse University.