Comstock Welcomes Former JBGS Executive David Paul to Board of Directors

Comstock Holding Companies, Inc. (Nasdaq: CHCI) has announced the appointment of David P. Paul to its Board of Directors. Paul, a seasoned real estate executive and former President and Chief Operating Officer of JBG SMITH (NYSE: JBGS), brings a wealth of industry-specific knowledge and experience to Comstock. With Comstock's strong performance and a robust pipeline of projects, Paul's expertise will be instrumental in the company's continued growth and expansion plans.

David Paul served as President and COO of JBG SMITH from 2017 until his retirement in 2023. During his tenure, he played a pivotal role in overseeing strategy, investments, development, and operations. Prior to his position at JBG SMITH, Paul was a Managing Partner at JBG, the commercial real estate developer and private equity firm that later became JBG SMITH. He joined JBG in 2007 and contributed significantly to the company's growth and successful transition into a publicly traded entity.

Before his real estate career, David Paul began his professional journey at Bain & Co. Over the course of his 35-year career, he has worked on various domestic and international real estate development and investment projects. Currently, Paul also serves on the Board of Trustees of Dartmouth-Hitchcock Health. He holds a bachelor's degree from Vanderbilt University and an MBA from the Tuck School of Business at Dartmouth.

Chris Clemente, Chairman and CEO of Comstock, expressed his excitement about David Paul joining the company's Board of Directors. Clemente emphasized Paul's industry-specific knowledge and experience, which will contribute to Comstock's growth and expansion plans. He also acknowledged Paul's track record as an innovator and leader in the commercial real estate industry.

David Paul himself is enthusiastic about joining Comstock's Board. He cited Comstock's strong performance in developing, leasing, and managing high-quality assets as well as a promising pipeline of future projects. Paul believes his real estate experience will be valuable in assisting Comstock to build a high-performing portfolio of assets.

Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. The company manages a portfolio of approximately 10 million square feet and is actively involved in the urban transformation of the fastest-growing segments of the area's real estate market. Comstock's portfolio includes significant mixed-use and transit-oriented projects, as well as several large-scale public-private partnership developments.

Comstock's focus on strategic locations, combined with its commitment to delivering high-quality assets, has positioned the company for continued accelerated growth. With the appointment of David Paul to the Board of Directors, Comstock can leverage his expertise in the commercial real estate industry to advance its mission further.

In conclusion, Comstock Holding Companies, Inc. has welcomed David P. Paul, a former JBGS executive, to its Board of Directors. Paul's extensive experience and knowledge in the real estate industry will contribute to Comstock's growth and expansion plans. With a strong portfolio and promising future projects, Comstock is poised to continue its success in the Washington, D.C. region's real estate market.