Management Team

Michael L. Ashner
Chairman and Chief Executive Officer

Mr. Ashner has served as the Chairman and Chief Executive Officer of Winthrop Realty Trust, a NYSE-listed real estate investment trust, since 2004.  Winthrop Realty Trust currently owns/controls/manages a portfolio of approximately $2.4 billion of real estate and real estate related assets.  In addition, Mr. Ashner has served as the Chairman and Chief Executive Officer of Winthrop Realty Partners, L.P., a vertically integrated property management firm, since 1996. Mr. Ashner has acquired over $12 billion of real estate, including 85,000 apartment units, 50 million square feet of office, retail, and industrial assets and 1,000 hotel rooms. Winthrop Realty Partners has managed more than 500 limited partnerships, of which in excess of 50 were publicly reporting with over 100,000 investors, as well as five publicly traded REITS.

Mr. Ashner served as Director and Chief Executive Officer of Shelbourne Properties a group of three publically traded real estate investment trusts, from 2002 until their liquidation in 2004. In addition, he was the Chairman and CEO of Newkirk Realty Trust, a NYSE-listed real estate investment trust, from its formation through its merger with Lexington Realty Trust in January 2007. Thereafter, he served as Executive Chairman of Lexington Realty Trust following its merger with Newkirk Realty Trust from 2007 through 2008. Prior to 1996, Mr. Ashner was President and Chief Executive Officer of National Property Investors.

Mr. Ashner currently serves on the Board of Trustees of the North Shore-Long Island Jewish Health System, and the Advisory Board of the Cornell University Program in Real Estate.  He is also a Trustee of the Jaffa Institute a charitable institution that develops day and boarding schools in the State of Israel.  In addition, he is a Trustee of the National World War II Museum located in New Orleans.

Mr. Ashner holds an AB from Cornell University and a JD from the University of Miami. He resides in Cove Neck, New York.

Carolyn Tiffany

Ms. Tiffany has been President of Winthrop REIT and Winthrop since January 2009. Ms. Tiffany previously served as Winthrop's Chief Operating Officer and Secretary from January 8, 2004 to January 31, 2007. From February 2007 through March 2008 Ms. Tiffany served as a principal and the Chief Operating Officer for High Street Equity Advisors, a private equity real estate firm. From April 2008 to December 31, 2008, Ms. Tiffany was a private investor. In addition, Ms. Tiffany served as the Chief Operating Officer and Secretary of Newkirk Realty Trust Inc. and its predecessor entities from 1996 to December 31, 2006, and previously served as Vice President, Treasurer, Secretary and Chief Financial Officer of Shelbourne Properties, I, II and III. Ms. Tiffany was also a certified public accountant with the firm Kenneth Leventhal & Co. Ms. Tiffany holds a BA from Emanuel College.

John Garilli
Chief Financial Officer

Mr. Garilli has been with Winthrop since 1995 serving in various capacities in its accounting department. Mr. Garilli served as Chief Accounting Officer of Winthrop Realty Trust from 2006 until his appointment to Chief Financial Officer in 2012. Prior to joining Winthrop, Mr. Garilli worked for The Green Company, a residential real estate development company. Mr. Garilli holds an MBA from Babson College and a BA from the College of the Holy Cross.

John Alba
Chief Investment Officer

Mr. Alba has been affiliated with Winthrop since 1995 and has served as the Chief Investment Officer since October 2005. During his tenure, Mr. Alba has been involved in over $4 billion of debt and equity real estate transactions. From 1997 to 1998, Mr. Alba worked for Hidalgo & Company, a real estate advisory based in New York, providing advisory services to real estate clients. Mr. Alba holds a BA in Finance from Babson College.

John Cramer
Managing Director-Head of Asset Management

Mr. Cramer has been with Winthrop since 1996 and has served as Head of Asset Management since June 2009.  Mr. Cramer previously served as Vice President-Asset Management since 2004 and has served prior to that in various capacities in the asset management department since 1996.   Mr. Cramer holds a BS in Accounting from Bentley University and an MBA from Northeastern University.