Capstone Development CEO Norman Jenkins Joins Duke Realty Board of Directors
August 07 2017 - 4:15PM
Duke Realty Corporation (NYSE:DRE), a leading industrial property
REIT (Real Estate Investment Trust), announces that Norman K.
Jenkins, President, Chief Executive Officer and Managing Partner of
Capstone Development, LLC, has been named to its Board of
Directors. Capstone is a privately held owner and developer of
institutional-quality lodging assets that currently owns 26 hotels
in 11 states and the District of Columbia with a value in excess of
$1.4 billion.
“On behalf of the Board of Directors of Duke Realty, we are
extremely happy that Norm Jenkins has joined our board,” said
William Cavanaugh, Lead Director and former Chairman and Chief
Executive Officer of Progress Energy. “After a marvelous career at
Marriott International, Norm started Capstone Development where he
and his team raised significant capital resulting in 26 hotels with
assets in excess of $1.4 billion.”
“Duke Realty is pleased to have Norm join our Board of Directors
and believe that he will provide invaluable guidance on our
company’s strategic direction going forward,” said James B. Connor,
Chairman and Chief Executive Officer of Duke Realty. “Norm’s
background in commercial real estate, finance, acquisitions and
development lends itself well to our business and will give us new
perspectives as we continue to build and strengthen our
company.”
Prior to founding Capstone Development in 2009, Mr. Jenkins was
with Marriott International for 16 years, serving in various
leadership positions before being named Senior Vice President of
North American Lodging Development. His experience also includes
five years with McDonald’s Corporation holding finance and
operating positions. While with Marriott, Mr. Jenkins was the
architect of the company’s industry-leading Diversity Ownership
Initiative, which doubled the number of diverse-owned Marriott
hotels over a three-year period and resulted in a diverse-owned
company becoming Marriott’s second largest franchisee.
“I am delighted to join the Board of Directors of Duke Realty
and work with its other directors and management team members to
continue the success this company has had over the past 45 years,”
said Jenkins. “Duke Realty is one of the nation’s largest and best
managed industrial REITs, and I look forward to being part of its
continued growth.”
Mr. Jenkins serves on the Board of Trustees of Howard University
and the Suburban Hospital Board of Trustees. He also is a frequent
industry conference speaker.
About Duke RealtyDuke Realty Corporation owns
and operates approximately 138 million rentable square feet of
industrial assets in 21 key U.S. logistics markets. Duke Realty is
publicly traded on the NYSE under the symbol DRE and is listed on
the S&P 500. The company maintains a Baa1 rating from Moody’s
Investor Service and a BBB+ rating from Standard & Poor’s
Financial Services. More information about Duke Realty Corporation
is available at www.dukerealty.com. Duke Realty also can be
followed on Twitter, LinkedIn, Facebook and YouTube.
News Media Contact: Helen McCarthy, Manager of Public Relations, 317.708.8010, helen.mccarthy@dukerealty.com
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