Arlington Street Investments secures former Brookfield executive to lead its operations

 ED ROMANOWSKI JOINS ARLINGTON STREET INVESTMENTS AS CHIEF OPERATING OFFICER

CALGARY, May 25, 2016 /CNW/ - Ed Romanowski, former director of Special Projects at Brookfield Residential has joined Arlington Street Investments (ASI) as Chief Operating Officer (COO). This marks another milestone in what has been a year of significant growth for the Calgary-based company, despite the challenging economic environment.

Romanowski's career spans over three decades in real estate development, construction, business operations, management consulting and government. He founded Bellstar Resorts, a leading resort property development and management firm in 2003. In 2015, he played an instrumental role in the sale and transition of premier Canadian luxury home builder, Albi Homes — of which he was a Senior Vice President — to Brookfield.

Romanowski was educated in planning, engineering, architecture, valuations and real estate development in both Canada and the U.S. His education includes a Bachelor of Arts Honours from the University of Winnipeg, and a Masters of City Planning from the University of Manitoba. He is a Certified Management Consultant and a fellow of the Quantum Shift Leadership Program at the Ivey Business School. Ed is active in his community, sitting on numerous industry boards, while teaching at the University of Calgary's Haskayne School of Business.

His community and volunteer efforts include:

• Past Chair & Member of the Board of the Canadian Resort Development Association;
• Past Chair of the Tourism & Hospitality Industry Advisory Committee at the University of Calgary, Haskayne School of Business;
• Instructor at the Haskayne School of Business;
• Member, Dean's Advisory Council, Faculty of Business & Economics, University of Winnipeg; and,
• Member of the Board for the Edge School for Athletes and the Calgary French & International School.

"Besides Ed's exemplary and proven track record as a business leader in Alberta, in combination with his specialized skills within the real estate industry, what attracted me most to Ed is his impeccable reputation and uncompromised ethics," says Frank Lonardelli, President and CEO of ASI. "He is the perfect fit for us at a time where our quantum of growth has become exponential."

ASI has completed over $36 million in property acquisitions in the last six months, making it one of the largest property owners along Calgary's 17^th Avenue high street. Upon completion, these assets will represent upwards of $200 million in new development within its portfolio which exceeds $1 billion dollars.

"ASI's position as a boutique developer makes it nimbler and better positioned to react and grow within Calgary's ever-changing commercial real-estate market," says Romanowski. "I'm looking forward to building on the strong systems and team ASI has in place to ensure that as we expand, we continue to deliver the high level of customer service our tenants and investors have come to expect."

ASI is a Calgary-based boutique urban developer and multiple award-winning investment company founded and led by entrepreneur, Frank Lonardelli. ASI is focused on growth and value creation through the entire development process. ASI creates legacy properties that are built to stand the test of time through innovative and thoughtful design. The company's most recent acquisitions along Calgary's 17^th Avenue corridor include its ASI High Street LP, ASI Royal Park LP, and its ASI National Block LP.

SOURCE Arlington Street Investments

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Media Enquiries: Kerri Mcgrath, Manager, Investment Services and Corporate Secretary, Phone: [phone] Ext 208, Email: [email protected], Website: www.arlingtonstreet.ca