Leadership

Stephen W. Wilson has been a director of PS Business Parks since July 2019. Mr. Wilson was Executive Vice President-Development of AvalonBay Communities, Inc. (NYSE:AVB), a real estate investment trust that develops, redevelops, acquires, and manages multifamily communities in the United States. Mr. Wilson held various senior leadership positions and was responsible for development activities on the West Coast and Mid-Atlantic at AvalonBay. Prior to joining AvalonBay in 1988, Mr. Wilson was Senior Vice President and Chief Operating Officer of SU Development, Inc. and Senior Vice President of Continental Pacific, Inc., with responsibilities in development, debt and equity financing, property management, and institutional sales. He is a member of the Urban Land Institute (ULI), former chair of the ULI Transit Oriented Development Council, and a member of The American Institute of Certified Public Accountants. Mr. Wilson was formerly a member of the board of directors of the Housing Industry Foundation and previously sat on the U.C. Berkeley Fisher Center Policy Advisory Board.

Maria Hawthorne was elected to the Board of Directors, effective July 1, 2016. Ms. Hawthorne was an employee with PS Business Parks for over 30 years serving in numerous operational and executive roles, including President and Chief Executive Officer from August 2015 until her retirement in August 2020. In addition to serving as PSB Director, Ms. Hawthorne is a member of the Board of Governors of the National Association of Real Estate Investment Trusts, Inc. and is also a director of Essex.

Adeel Khan previously served as Chief Financial Officer of Rexford Industrial Realty, Inc. (NYSE: REXR) (“Rexford”), a public real estate investment trust that is focused on industrial properties throughout infill Southern California, from July 2013 through August 2020 and as Corporate Controller for Rexford’s predecessor business from March 2012 until July 2013. Mr. Khan is a Certified Public Accountant and obtained his Bachelor of Arts in Business Administration at the California State University, Fullerton.

Trenton Groves has served as corporate controller for PS Business Parks since 2004. Mr. Groves is responsible for the Company’s accounting records and financial reporting. Prior to joining PS Business Parks, Mr. Groves was with Ernst & Young LLP. A certified public accountant, Mr. Groves was in public accounting for over 6 years and has worked in accounting and finance since 1993. He earned a bachelor’s degree in accounting from California State University, Northridge.

Coby Holley joined PS Business Parks in 2003. From 2003 to 2014, Mr. Holley was responsible for property operations in Washington, Oregon, Arizona, and Northern California. Since 2014, Mr. Holley has been responsible for real estate investments including acquisitions, dispositions and development. Prior to joining the company, Mr. Holley was First Vice President at CB Richard Ellis and Managing Director at Insignia/ESG. Mr. Holley is licensed real estate broker in Oregon and Washington and a BOMA certified Real Property Administrator. He served on the board of directors for the Commercial Association of Realtors and National Association of Industrial and Office Properties. Mr. Holley earned his degree from Lewis and Clark College in Portland, Oregon.

Sean-Paul Bowlus joined PS Business Parks in 2011 as a Financial Analyst. From 2011 to 2016, Mr. Bowlus was responsible for leading the Company’s analytical efforts for financial performance and investment underwriting. Mr. Bowlus was promoted in 2016 to Real Estate Manager and in 2018 to Senior Real Estate Manager, where his responsibilities were expanded to overseeing condemnation and easement matters affecting the Company’s national portfolio. In 2022, Mr. Bowlus was appointed to his current role as Vice President of Acquisitions and Dispositions. Mr. Bowlus is responsible for executing on the Company’s real estate investment strategy and oversees the sourcing and underwriting of acquisitions and dispositions. A lifelong Southern California native, Mr. Bowlus earned his bachelor’s degree in business finance from California State University, Fullerton.

Bradley Karvasek joined PS Business Parks in 2021 as the Company’s Vice President of Development. Prior to joining PSB, Bradley was Senior Vice President of Development for Equity Residential (NYSE: EQR), a $30 billion owner, operator and developer of multifamily apartments. Mr. Karvasek is the co-chair of the ULI Northwest Multifamily Housing Product Council, Board Member at Bellwether Affordable Housing and Advisory Board Member at University of Washington – Runstad Department of Real Estate. Bradley holds a Master of Business Administration from Seattle University and Bachelor of Arts in Aquatic Biology from the University of California at Santa Barbara.

Patricia Park joined PS Business Parks in January 2022 as Vice President, Human Resources. She brought with her, 25 years of human resources experience across industries such as hospitality, retail and construction. She has held both field and corporate leadership roles and approaches human resources as a partnership with an operational mindset. Ms. Park earned her Bachelor of Arts in Psychology at the California State University, Fullerton.

Ryan Rhoads joined PS Business Parks in 2021 as the Company’s Vice President, Operations Finance. In this role, he supports investment underwriting, portfolio analysis, financial reporting, and business planning. Prior to joining PSB, Ryan served as Vice President Finance for The Irvine Company Retail Properties. Mr. Rhoads participates in various industry and professional organizations such as the Urban Land Institute and NAIOP. Ryan is a licensed Real Estate Broker and Contractor in the State of California. He earned a bachelor’s degree in business administration from Biola University in Southern California.

Patrick Whalen is the Vice President of Construction & Facilities at PS Business Parks (PSB), where he oversees capital planning and construction management for the company, which includes building capital, tenant improvements and asset repositioning. Patrick is committed to a personal, hands-on approach to project and capital management, and believes strongly that blending strong personal relationships built on trust, technological advancement and optimizing the communication workflows are the keys to a successful construction project. Joining PSB in 2013, Patrick began his career with the company as a member of the leasing team in the Washington Metro division, and most recently served as Construction Manager, where he managed an annual capital budget of $15 million. Prior to PSB, Pat worked in retail leasing for Thur & Associates in Northern Virginia, where he was responsible for the leasing of shopping centers throughout the east coast. Patrick earned a BA in History from Spring Hill College and a Masters in Real Estate from Georgetown University, and resides in the Washington, DC metropolitan area where he is a fourth generation Washingtonian.

Jerread Wright joined PS Business Parks (PSB) in February 2021 as Vice President of Information Technology. Prior to joining PSB, he spent the past 19 years working in hospitality technology, eventually operating as a global leader of technology. Jerread is passionate about enacting positive operational and financial success through technological advancement and holds a bachelor’s degree from Fresno Pacific University.

Christopher Auth joined PS Business Parks in 2006 as a Senior Leasing Director in charge of leasing for the Maryland Region portfolio. He was promoted to Portfolio Manager, Maryland Region in 2010 where he helped oversee all leasing and property management operations. In 2013, his role expanded as he assumed the Regional Manager, Leasing role for the entire 6.5M square foot Washington Metro Division. In 2014, Mr. Auth was appointed to his current role as Vice President – Washington Metro Division where he oversees all leasing, management and strategic decisions for the Washington Metro portfolio. A Washington DC native, Mr. Auth earned a bachelor’s degree in Economics from the College of the Holy Cross, Worcester, MA where he studied Economics and was a four year member of the Division I-AA football team. After college, he worked for six years in the financial services industry, including John Hancock Financial Services. Mr. Auth spent eight years with a regional real estate owner/developer, Cummings Properties in Woburn, MA as a property manager and leasing director.

Rich Guertin is a ten year PS Business Parks veteran and is responsible for the operations of 3.8 million square feet of industrial and Flex space in the Miami and Palm Beach markets. Prior to joining PS Business Parks, Rich was the Senior Asset Manager for Seagis Property Group and Paragon Group. He is a licensed Florida real estate broker and a Certified Property Manager (IREM). Rich received his degree in Public Administration from George Mason University and has served as an instructor for both the Building Owner and Manager’s Association (BOMA) and the Institute of Real Estate Management (IREM).

Stuart Hutchison joined PS Business Parks in 2000 as a Portfolio Manager in charge of operations for the LA Portfolio. He was promoted to Regional Manager for the Southern California Division in 2004 and in 2014 the Seattle Portfolio was added to his oversight. In 2016, Mr. Hutchison was appointed to his current role as Divisional Vice President – Southern California and Seattle where he is responsible for overseeing the operations and leasing of 5.3 million square feet. Prior to Joining PSB, Mr. Hutchison was a Portfolio Manager with Transwestern and Fujita USA. Mr. Hutchison was born and raised in Southern California and earned a Bachelor of Science Degree in Business Administration from the University of Southern California. He is currently a member of the Southern California Chapter of NAIOP.

Dick Scott, a veteran real estate professional with over 20 years of experience in commercial real estate in the Bay Area, joined PS Business Parks in 2012 and is responsible for all property operations in Northern California. Prior to joining PS Business Parks, Mr. Scott was Managing Director of the Grubb & Ellis Silicon Valley office. Prior to that, Mr. Scott partnered with a private local developer, and also served as Vice President of Leasing at Equity Office Properties where he worked with Mr. John Petersen. Dick started his commercial career in brokerage with CPS based in San Jose, California. Mr. Scott is a graduate of the United States Military Academy in West Point, NY, a U.S. Army Ranger School Graduate and he earned his Juris Doctorate from Monterey College of Law in Monterey, California. Mr. Scott has been on the Board of the Association of Silicon Valley Brokers and he currently serves on the Board of the West Point Society of Silicon Valley, and the Silicon Valley chapter of NAIOP.

David Vicars is responsible for the property operations of more than 3.2 million square feet of office, flex, industrial and retail space in the Dallas and Austin markets. Prior to joining PS Business Parks, Mr. Vicars was with the Horne Company and the Houston office for COMPASS Management and Leasing. A licensed Texas real estate broker, Mr. Vicars is actively engaged in the community. He served on the Board of Directors for the Dallas Building Owner and Manager’s Association (BOMA), is involved with the North Texas Commercial Real Estate (NTCAR) organization, the Dallas and Austin Real Estate Councils, and the Institute of Real Estate Management (IREM). He received his degree in finance from the University of Houston.

Mark Antrobius joined PS Business Parks in 2001 as a Leasing Director in charge of leasing the Los Angeles Region portfolio. A couple years later, Mr. Antrobius was promoted to Senior Leasing Director, and in 2011, was promoted to Portfolio Manager for the Los Angeles Region. As a Portfolio Manager, Mr. Antrobius was responsible for all leasing and property management operations. In 2013, his role expanded as he assumed the Regional Manager, Leasing role responsible for over 4M square feet in the Southern California Division. In 2018, Mr. Antrobius was awarded the Leasing responsibility for the Pacific Northwest. Mr. Antrobius attended CSU Sacramento where he lettered in soccer. Prior to joining PSB, Mr. Antrobius was with Colliers International and started his real estate career with Grubb & Ellis.

Laura Clyde joined PS Business Parks in 2015 as a Property Manager overseeing day-to-day operations of the 1/2 million square foot San Mateo portfolio of properties. She was promoted to Senior Property Manager in 2019 when she took on 1.5 million sqft in the South Bay and in 2020 she was promoted to Portfolio Manager when her role was expanded to include all of the Northern California portfolio of properties. In 2021, Ms. Clyde was appointed to her current role as Regional Vice President of Operations – Northern California, where she oversees operations for the entire 7.4 million sqft Northern California Division consisting of industrial, flex, office and retail real estate. A Bay Area transplant from San Diego, Ms. Clyde earned a bachelor’s degree from UC Berkeley, and went on to Arizona State University for MSc in Construction Management and MSP in Real Estate Georgetown University. She currently resides in San Jose, CA.

Tom Driscoll joined PS Business Parks in 2016 and serves as Regional Vice President, Operations for the Washington D.C. Metro region. Mr. Driscoll is responsible for the day-to-day operations of PS Business Parks’ 6.1MM square foot portfolio including Property Management, Construction Management, Engineering, and Administrative functions.

Mr. Driscoll has been active in the commercial real estate industry for over 20 years working for a diverse group of owners managing Class A office, industrial, retail, and government assets. Prior to PS Business Parks, Mr. Driscoll spent 11 years with Liberty Property Trust where he was responsible for Property Management of Liberty’s Washington D.C. portfolio totaling over $1B in assets. Tom was instrumental in achieving and maintaining industry-leading customer service, operational efficiencies, and award-winning sustainable buildings. He was also integral in the acquisitions and dispositions of over $200MM of assets.

Mr. Driscoll earned a Bachelor of Science degree in Business Management at Virginia Tech, and holds the Certified Property Manager (CPM), Real Property Administrator (RPA) and Leadership in Energy and Environmental Design (LEED-AP) accreditations. He is an active member of NAIOP, IREM, BOMA and the USGBC.

Amy Heritage joined the Texas team at PS Business Parks in 2003 as a Leasing Director responsible for the leasing of the Austin portfolio which was under 1M square feet at that time. After successfully handling the leasing of a 700,000 SF acquisition made in 2010 which nearly doubled the size of the Austin portfolio, she was promoted to Portfolio Manager in 2011. She oversaw both the leasing and property management operations for the Austin office. In 2014, Mrs. Heritage was promoted to her current role as Regional Vice President where she oversees the leasing operations for Texas. After graduating from Texas A&M University with a bachelor’s degree in Business Administration – Marketing, she relocated to Austin to begin her career in commercial real estate as she joined a regional developer and brokerage firm Yancey-Hausman before her arrival to PS Business Parks.

Craig Morrow joined PS Business Parks in 2013 as a Property Manager overseeing day-to-day operations of the 1.5 million square foot Seattle portfolio of properties. He was promoted to Senior Property Manager in 2016 and in 2017 he was promoted to Portfolio Manager when his role was expanded to include the Southern California portfolio of properties. In 2019, Mr. Morrow was appointed to his current role as Regional Vice President of Operations – Southern California & Seattle, where he oversees operations for the entire 5.3 million square foot Southern California Division consisting of industrial, flex, office and retail real estate. A Seattle native, Mr. Morrow earned a bachelor’s degree from the Evergreen State College. He currently resides in Orange County, CA.

Jeff Paschal is responsible for the property operations of more than 5 million square feet of office, industrial and retail space in the Dallas and Austin markets. Prior to joining PS Business Parks, Mr. Paschal was with Swearingen Realty Group in Dallas. A licensed Texas real estate agent, Mr. Paschal is actively engaged in the real estate community through membership in the North Texas Commercial Association of Realtors (NTCAR) and the Building Owner and Manager’s Association (BOMA). He received his Bachelor of Business Administration degree from Baylor University, where he was a five-year member of the men’s golf team.

Ngoc Rossi has over 17 years of experience in the commercial real estate industry and is responsible for overseeing revenue and leasing for the company’s 7.4 million square foot Northern California portfolio, consisting of industrial, flex, R&D, and office properties. She joined PS Business Parks in July 2009 as a Leasing Director overseeing the approximately 1 million square foot Silicon Valley portfolio. In 2012 she was promoted to Senior Leasing Director, responsible for 3.4 million square feet, and in 2015 she was promoted to Portfolio Manager and helped manage the Northern California leasing team while overseeing leasing and marketing for the Northern California portfolio. She assumed her current role in 2017. She previously spent 6 years at NAI BT Commercial (now Cushman & Wakefield) and has an active California real estate Broker license. She received her degree in Communications and Political Science from the University of California, Berkeley.

Ed Zaptin has been active in the commercial real estate industry within the Washington D.C. Metro area for more than 17 years, and joined PS Business Parks in October, 2017, as Regional Vice President of the DC Metro region. Prior to that, Mr. Zaptin finished a twelve-year tenure with First Potomac as Vice President of their Northern Virginia office. He began his career five years earlier at CBRE and then Grubb & Ellis. Mr. Zaptin graduated from the College of William and Mary, where he lettered in football and was named captain. Mr. Zaptin currently serves on the Executive Board of NAIOP Northern Virginia and also serves on the board of Food for Others, a non-for-profit organization.

Ronald L. Havner, Jr. has been Chairman of the Board of PS Business Parks since March 1998 and has been Chairman and Chief Executive Officer of Public Storage, PS Business Parks’ largest shareholder, since August 2011 and November 2002, respectively. Mr. Havner also serves as a director of AvalonBay Communities, Inc. and California Resources Corp. Mr. Havner was the 2014 Chairman of the Board of Governors of the National Association of Real Estate Investment Trusts, Inc..

Maria Hawthorne was elected to the Board of Directors, effective July 1, 2016. Ms. Hawthorne was an employee with PS Business Parks for over 30 years serving in numerous operational and executive roles, including President and Chief Executive Officer from August 2015 until her retirement in August 2020. In addition to serving as PSB Director, Ms. Hawthorne is a member of the Board of Governors of the National Association of Real Estate Investment Trusts, Inc. and is also a director of Essex.

Jennifer Holden Dunbar is a member of the Audit and Compensation Committees and has been a director of PS Business Parks since February 2009. Ms. Dunbar has served as Co-Founder and Managing Director of Dunbar Partners, LLC, an investment and advisory services firm, since March 2005. Ms. Dunbar is also a director of Big 5 Sporting Goods Corporation. Ms. Dunbar was recently nominated to serve on the Board of Trustees of PIMCO Funds and two related PIMCO trusts commencing April 2015.

Ms. Oh has served as Executive Vice President and Chief Financial Officer of East West Bancorp, Inc. and East West Bank (NASDAQ: EWBC) (“East West”), a bank holding company that operates over 120 locations in the U.S. and China, since January 2010. She held various leadership roles at East West since joining in 2004. Prior to joining East West, Ms. Oh held positions at Deloitte and Goldman Sachs. Ms. Oh serves on the board and the audit committee of the United Way Greater Los Angeles.

Ms. Oh holds a Bachelor of Arts in Art from California State University, Los Angeles and a Master of Accounting from University of Southern California and is a certified public accountant.

Kristy M. Pipes, retired, was Managing Director and Chief Financial Officer of Deloitte Consulting, a management consultancy firm, where she managed the finance function, with operations in the United States, India, Germany, and Mexico. Ms. Pipes held various leadership positions, including serving on the firm’s Management Committee and Consulting Operations Committee. Prior to joining Deloitte in 1999, Ms. Pipes was Vice President and Manager, Finance Division, at Transamerica Life Companies and Senior Vice President and Chief of Staff for the President and Chief Executive Officer (among other senior management positions) at First Interstate Bank of California. Ms. Pipes received a Bachelor of Arts in Business Economics and a Masters in Business Administration from the University of California, Los Angeles.

Gary Pruitt is a member of the Compensation Committee and has served as a director of PS Business Parks since February 2012. He served as Chairman and Chief Executive Officer of Univar N.V. (Univar) from 2002 until his retirement as Chief Executive Officer in 2010 and as Chairman in 2011. Univar is a chemical distribution company based in Bellevue, Washington, with distribution centers in the United States, Canada and Europe. Mr. Pruitt is also a trustee of Public Storage and a director of Itron, Inc. and Esterline Technologies Corp.

Robert Rollo is a member of the Compensation and Nominating/Corporate Governance Committees and has served as a director of PS Business Parks since October 2013. He most recently served as a Senior Partner at Heidrick and Struggles (Heidrick) in Los Angeles from 2006 until his retirement in 2012. Heidrick is a leading international leadership advisory and executive search firm. Mr. Rollo is a past trustee of the University of Southern California and is Chairman Emeritus of the Southern California Chapter of the National Association of Corporate Directors.

Joseph D. Russell, Jr. is CEO of Public Storage and has served as a director of PS Business Parks since August 2003. Mr. Russell served as President and Chief Executive Officer of PS Business Parks from August 2003 to June 2016. Before joining PS Business Parks, Mr. Russell had been employed by Spieker Partners, an owner and operator of office and industrial properties in northern California, and its predecessor for more than ten years, becoming an officer of Spieker when it became a publicly held REIT in 1993.

Peter Schultz is a member of the Audit Committee and has served as a director of PS Business Parks since February 2012. He served as President, Chief Executive Officer and a director of The Beacon Group, Inc. (Beacon) and its affiliates for more than 25 years until his retirement in 2010. Beacon, based in Southern California, and its affiliates, is engaged in the development and management of more than three million square feet of retail, industrial, hospitality and residential projects.

Stephen W. Wilson, retired, was Executive Vice President—Development of AvalonBay Communities, Inc. (NYSE:AVB), a real estate investment trust that develops, redevelops, acquires, and manages multifamily communities in the United States. Mr. Wilson held various senior leadership positions and was responsible for development activities on the West Coast and Mid-Atlantic at AvalonBay. Prior to joining AvalonBay in 1988, Mr. Wilson was Senior Vice President and Chief Operating Officer of SU Development, Inc. and Senior Vice President of Continental Pacific, Inc., with responsibilities in development, debt and equity financing, property management, and institutional sales. Mr. Wilson received a Bachelor of Arts in Business Administration (Accounting) from Washington State University. He is a member of ULI, former chair of the ULI Transit Oriented Development Council, a member of The American Institute of Certified Public Accountants, is on the Board of Directors of the Housing Industry Foundation, and sits on the U.C. Berkeley Fisher Center Policy Advisory Board.