THE MANAGER
Reston SquareBoard of Directors
Mr Richard Peter Bren
Chairman, Non-Executive Director
Member of Nominating and Remuneration Committee
Mr Bren was appointed as the Chairman with effect from 1 March 2025 and is a substantial shareholder in the Manager through his shareholdings in KAP.
As Managing Member since 2004 of Wave Hill Investors, LLC, Mr Bren was portfolio manager for multiple institutional funds investing in various specialty finance and real estate strategies.
From 1996 to 2003, Mr. Bren was a partner of Best Property Fund L.P., an investment vehicle of KBS Realty Advisors, a private equity real estate company and an SEC-registered investment advisor that has achieved over $44 billion of transactions since its inception in 1992. During this tenure, he ran the daily operations of its Commercial Mortgage-Backed Securities investment portfolio.
Prior to joining KBS in 1996, Mr Bren was a partner of Onyx Partners, Inc. He was a managing general partner of Onyx Opportunity Fund, which acquired operating real estate assets and distressed mortgages from the Resolution Trust Company.
Prior to joining Onyx, Mr Bren was an associate at Morgan Stanley Realty in New York and Los Angeles where he participated on project teams providing various real estate financial services to developers, financial institutions, pension funds and corporations.
Mr Bren started his career at Drexel Burnham Lambert in Beverly Hills, California in 1986, where he worked extensively with the Commercial Mortgage Capital Markets Group.
Mr Bren earned an MBA at The Anderson Graduate School of Management at UCLA with a concentration in real estate finance. Mr Bren graduated with honors from Tufts University in 1985.
Mr Bren does not presently hold any other directorships in any other listed company.
Mr John R. French
Lead Independent and Non-Executive Director
Chairman, Audit and Risk Committee
Member of Nominating and Remuneration Committee
Founding Principal, French Asset Management, Inc., which manages real estate investments and provides advisory and other services to the real estate industry.
After 37 years serving public and private real estate clients, Mr French retired f rom Ernst & Young LLP (EY) in June 2019 as a Senior Assurance Partner. His specialties include real estate investment funds/ advisors/sponsors, REITs, land developers, homebuilders and hospitality companies. Prior to being a partner at EY, Mr French was an Assurance Partner at Kenneth Leventhal & Company, a real estate accounting firm acquired by EY in 1995. As a Senior Assurance Partner at EY, Mr French served some of the largest real estate investment sponsor, REITs, homebuilders, and other real estate and hospitality companies in the U.S.
For many years, Mr French was actively involved with the National Association of Real Estate Investment Trusts (NAREIT) and the Urban Land Institute (ULI). Mr French also served on the Executive Board of University of California at Irvine (UCI) Paul Merage School of Business Center for Real Estate and the Policy Advisory Board of the Fisher Center for Real Estate and Urban Economics University of California at Berkeley. Mr French received the 2018 UCI Paul Merage School of Business Center for Real Estate Lifetime Achievement Award recognising his long-term commitment to serving the real estate industry.
In January 2025, Mr French was appointed an Independent Director and Audit Committee Chairman of Nautilus International Holding Corporation, a privately held maritime company based in the U.S.
Mr French graduated from California State University, Long Beach with a Bachelor of Science in Accountancy (1981) and a Master of Business Administration (1990). He is a Certified Public Accountant in California (inactive).
Mr French does not presently hold any other directorships in any other listed company.
Mr Kevin J.E. Adolphe
Independent Non-Executive Director
Chairman, Nominating and Remuneration Committee
Member of Audit and Risk Committee
Mr Adolphe has over 35 years of global experience in real estate, asset management and f inancial services. As a Partner with CEO Coaching International, Mr Adolphe works with, advises and mentors CEOs and their leadership teams from around the world to achieve extraordinary results. Mr Adolphe was with Manulife for 13 years. As the President and CEO of Manulife Asset Management Private Markets and Manulife Real Estate, Mr Adolphe commercialized Manulife's Private Asset Management capabilities to clients and investors worldwide. He profitably grew Manulife's Real Estate platform threefold, expanding the business internationally including launching the first U.S. Office REIT on the Singapore Exchange. Prior to Manulife, Mr Adolphe was with CIBC for 16 years and held a variety of senior roles, including Chief Administrative Officer and Chief Financial Officer of CIBC World Markets.
Mr Adolphe is a Fellow of the Chartered Professional Accountants (Ontario), a member of the Institute of Corporate Directors and serves on the Boards of PRIME, Rogers Bank, Nieuport Aviation, and the Ontario Provincial Judges Pension Plan.
Mr Adolphe does not presently hold any other directorships in any other listed company.
Professor Stephen Phua Lye Huat
Independent Non-Executive Director
Member of Audit and Risk Committee
Member of Nominating and Remuneration Committee
Professor Phua is an Associate Professor at the Faculty of Law, National University of Singapore. He has been teaching taxation laws since 1990 and currently holds the offices of Tax Director at the EW Barker Centre for Law & Business as well as the Director of the LLM (International Business Law) programme.
Professor Phua was a member on all 3 tax tribunals during the last 3 decades. He is a Consultant with a law firm, Allen & Gledhill LLP, since August 2024. He is also the Chairman of the Home Team Council as well as a member of the Curriculum Development and Examination Committee of the Tax Academy of Singapore.
Professor Phua has delivered papers in many international conferences and published articles in refereed journals and chapters in books. He is the editor of 2 books.
Professor Phua graduated from the National University of Singapore with a Bachelor of Laws in 1988 and obtained a Master of Laws (Tax) from University College London in 1990.
Professor Phua does not presently hold any other directorships in any other listed company.
Mr Chua Hsien Yang
Non-Executive Director
Mr Chua has extensive experience in the real estate fund management and hospitality industries, including mergers and acquisitions, real estate investments, business development and asset management globally.
Mr Chua was appointed Chief Executive Officer of Keppel REIT Management Limited with effect from 1 January 2025. Prior to this appointment, Mr Chua was the Managing Director & Head (Mergers & Acquisitions) at Keppel Limited since 15 February 2021. Prior to that, he served as the Chief Executive Officer of Keppel DC REIT Management from the listing of Keppel DC REIT in 2014 to 14 February 2021. Prior to joining the manager of Keppel DC REIT, Mr Chua was Senior Vice President of Keppel REIT Management Limited where he headed the investment team.
From 2006 to 2008, Mr Chua was Director of Business Development and Asset Management at Ascott Residence Trust Management Limited (the manager of Ascott Residence Trust) and before that, he was with Hotel Plaza Limited (now known as Pan Pacific Hotels Group Limited) as Assistant Vice President of Asset Management, where he was responsible for the business development and asset management activities of the group-owned properties.
Mr Chua was also appointed the President of REIT Association of Singapore (REITAS) with effect from 1 January 2025.
Mr Chua holds a Master of Business Administration, University of Western Australia and a Bachelor of Engineering (Civil), University of Canterbury.
Mr Chua does not presently hold any other directorships in any other listed company.