Tradition. Values. Teamwork.
Founded on Integrity and Purpose of Mission
Donahue Schriber is a private real estate investment trust (REIT) with a portfolio of high-quality shopping centers in the Western United States. The company has over 50 years of experience in all facets of the shopping center business with a current focus on necessity-based neighborhood, community, and power center formats. We have a skilled team of experts in the fields of development, acquisition, leasing, construction, asset management, and marketing. Donahue Schriber owns and operates over 50 shopping centers located throughout California, Oregon, and Washington.
Donahue Schriber was originally established as John S. Griffith & Co. in 1947. John S. Griffith & Co. was a pioneer in shopping center development and created one of Southern California’s first regional malls, which set the stage for the explosive levels of retail growth that followed. Mr. Donahue and Mr. Schriber both started their careers at Coldwell Banker in Newport Beach. In the late 1960s, they joined John S. Griffith & Co. as capital market and leasing specialists which ultimately lead to two decades of development of some of the most recognized shopping centers in Southern California. In 1976, Messrs. Donahue and Schriber acquired John S. Griffith & Co. and in 1981 changed the name to Donahue Schriber.
The ownership was enhanced in 1991 when 50% of Donahue Schriber was purchased by Cambridge Shopping Centres Ltd., a publicly traded Canadian company with a $2.4 billion market capitalization that acquired, developed, and owned regional malls in Canada (today Ivanhoé Cambridge).
In February 1997, Donahue Schriber formed a private real estate investment trust under the banner of Donahue Schriber Realty Group, Inc. (“DSRG”). At formation, the assets of DSRG exceeded $120 million and the development, management, and leasing portfolio (owned and/or managed) exceeded 6.4 million square feet of retail.
On April 30, 1998, the company acquired substantially all of the assets of Diversified Shopping Centers, a California-based neighborhood shopping center development and operating company. The combination of the two operations significantly expanded DSRG’s presence in key western markets.
DSRG currently owns and operates over 50 neighborhood, community, and power retail centers, encompassing over 10 million square feet and valued at over $3.5 billion. Its shopping centers are anchored by national and regional credit tenants including Target, Albertsons/Safeway, Kroger, Walmart, T.J. Maxx, Lowe’s, Kohl’s, Home Depot, Ross, CVS/pharmacy, Trader Joe’s, and Raley’s.
The success of DSRG’s retail projects has established strong relationships with many retail tenants and the institutional investment community. DSRG’s major investors, JP Morgan Chase Bank’s Strategic Property Fund and the New York State Teachers’ Retirement System, recognize the value created by partnering with a development and management team that understands their objectives and generates positive returns on their capital.
Our Executive Team
Michael Glimcher — Chairman President and CEO
Michael Glimcher serves as Donahue Schriber’s Chairman, President, and CEO. Mr. Glimcher was previously Chief Executive Officer of Starwood Retail Partners, working with parent Starwood Capital Group, from September 2017 until October 2020.
Mr. Glimcher began his career in the real estate industry nearly 30 years ago at Glimcher Realty Trust where he ultimately served as CEO from 2005 to 2015 and as Chairman from 2007 to 2015. At Glimcher, he successfully repositioned the portfolio from strip center/small market malls to a highly productive portfolio of larger market and outlet malls as well as open air and lifestyle centers. During his tenure, Mr. Glimcher developed Scottsdale Quarter and pioneered experiential retail as demonstrated at this premier mixed-use development in North Scottsdale. In 2015 Glimcher Realty Trust merged with Washington Prime Group to create WP Glimcher where Mr. Glimcher served as CEO and Vice Chairman until 2016.
Mr. Glimcher holds a B.S. degree from Arizona State University and recently served as a trustee for the University Foundation. Michael has served on the Executive Board of Governors and the Governing Committee of the National Association of Real Estate Investment Trusts, is a former Trustee of the International Council of Shopping Centers and is also a member of the Real Estate Roundtable. He was a 2013 Ernst & Young Entrepreneur of the Year and named a Midwest Real Estate Icon by Real Estate Forum Magazine.
Kevin Halleran — Executive Vice President and Chief Financial Officer
Kevin Halleran serves as Donahue Schriber’s Executive Vice President and Chief Financial Officer and is part of its eight-member Executive Committee which directs the company’s strategic vision and daily operations. Mr. Halleran has worked in the real estate industry for over 15 years and, prior to joining Donahue Schriber, was with Starwood Retail Partners (SRP) from 2014 to 2020. During his time at SRP, he served as Vice President of Accounting and Financial Reporting and, most recently, Chief Accounting Officer. In this role, Mr. Halleran oversaw all accounting and finance functions within the organization including financial reporting, financial asset management, lease administration, and information technology.
Prior to 2014, Mr. Halleran served as Vice President, Corporate Controller at Rouse Properties, a publicly traded real estate investment trust (REIT) which has since been acquired by Brookfield Properties. At Rouse, he was responsible for corporate and property accounting as well as SEC reporting. Prior to his time at Rouse, Mr. Halleran was a Senior Manager within KPMG’s audit practice serving a variety of large private equity real estate funds and publicly traded REIT clients.
Mr. Halleran received a bachelor’s degree in Accounting and Finance from DePaul University and is a licensed Certified Public Accountant.
Henry A. Avila — Senior Vice President of Asset Management
Henry A. Avila serves as Donahue Schriber’s Senior Vice President of Asset Management and is a part of its eight-member Executive Committee which directs the company’s strategic vision and daily operations. A 34-year veteran of the company, Mr. Avila has been involved in over 11 million square feet of retail development and has worked in many aspects of the business including leasing, construction, asset management, marketing, and corporate strategy. Mr. Avila was instrumental in developing the company’s current asset management policy bringing his expertise from regional malls to the company’s current necessity-based retail model. Today, Mr. Avila is a recognized authority in the development, leasing, and management of neighborhood, community, and power shopping centers.
Mr. Avila was awarded his Certified Shopping Center Management (CSM) accreditation from the International Council of Shopping Centers (ICSC) and Real Property Administrator (RPA) designation from the Building Owners and Managers Association International (BOMA).
Suzanne Douglass — Senior Vice President and Chief People Officer
Suzanne Douglass serves as Senior Vice President and Chief People Officer (CPO) for Donahue Schriber and is a member of its eight-member Executive Committee which directs the company’s strategic vision and daily operations, along with serving as a fiduciary on the company’s 401(k) Investment Committee. In her role as CPO, Ms. Douglass is responsible for developing, implementing, and aligning Human Resource programs with business objectives, serving as a strategic partner while supporting employees in their day-to-day HR needs.
Prior to joining Donahue Schriber in 2011, Ms. Douglass spent 22 years in the medical device industry where she led a team of over 2,700 employees, grew a start-up company from 25 employees to 2,500+ employees, served as the due diligence and integration leader for multiple mergers and acquisitions, and was awarded and recognized as having the “#1 Human Resource Department in the Nation for Service Excellence.” Ms. Douglass’ experience also includes executive recruiting and onboarding, organizational design and effectiveness, compensation and performance management, training and development, and international human resources.
Ms. Douglass graduated from California State University, Long Beach with a B.A. in Liberal Arts with an emphasis in Human Resource Management.
Ryan J. Gillard — Senior Vice President of Investments
Ryan J. Gillard serves as Senior Vice President (SVP) of Investments for Donahue Schriber and is a part of its eight-member Executive Committee which directs the company’s strategic vision and daily operations. In his role as SVP of Investments, Mr. Gillard is responsible for sourcing and coordinating company acquisitions, developments, and dispositions. With over 16 years of experience in commercial real estate transactions, he has proven himself an agile leader who is able to balance the needs of the buyer and seller to facilitate a seamless partnership. To date, Mr. Gillard has directed over $1.7 billion of transactions for the company.
Prior to joining Donahue Schriber, Ryan served as Finance Manager for Panattoni Development based in Newport Beach, California and as a Treasury Analyst for LNR Property LLC. Mr. Gillard is a graduate of Northern Arizona University and is an active member of the International Council of Shopping Centers (ICSC).
Kate Hogate — Senior Vice President of Accounting
Kate Hogate serves as Senior Vice President of Accounting for Donahue Schriber. In this role, Ms. Hogate oversees the corporate, construction, and asset management accounting departments and is responsible for the company’s accounting and financial reporting, including the issuance of the company’s annual consolidated GAAP audited financials. Ms. Hogate is a 19-year veteran of Donahue Schriber and is a member of its Management Committee.
Prior to joining Donahue Schriber, Ms. Hogate, a Deloitte alum, worked in the public and private sectors performing a variety of accounting functions.
Ms. Hogate is a Certified Public Accountant (CPA) and graduate of California State University, Long Beach with an emphasis in accountancy. She is also an active member of the International Council of Shopping Centers (ICSC).
Daniel W. Donahue Jr.
February 4, 1942 – Dec. 31, 2002
Dan Donahue is remembered as the co-founder, inspiration and a guiding force of Donahue Schriber. His sense of creativity, compassion and fun were truly remarkable.
A native of Los Angeles and graduate of San Jose State University, Mr. Donahue, along with business partner Tom Schriber, founded the firm, an acknowledged leader in the development, management and leasing of regional, community, and neighborhood shopping centers.
Recognized for the innovative retail strategies the company originated – including visionary development and redevelopment projects such as Glendale Galleria (Glendale, CA), Fashion Island (Newport Beach, CA) and The Tustin Market Place, (Tustin, CA) — Mr. Donahue was tapped in 1981 to serve as a trustee and chairman of the International Council of Shopping Centers, representing over 44,000 industry professionals worldwide.
Known throughout the industry as a featured player in Donahue Schriber trade advertising (which depicted him, along with Mr. Schriber, riding a bucking bronco, walking in outer space, even flying through the air like a superhero), Mr. Donahue had a wonderful, childlike love of life.
Mr. Donahue’s philanthropic efforts included the Catalina Conservancy, Hoag Hospital Foundation, the Orange County Rescue Mission’s House of Hope, Notre Dame High School, and KidWorks, an after-school program for at-risk children in Santa Ana, CA, which center now bears his name.
We fondly remember him as we boldly move forward.
Thomas L. Schriber
More than 50 years ago, Tom Schriber formed Donahue Schriber with late business partner Dan Donahue. Throughout its history the company has been credited with developing and redeveloping some of the most recognizable and successful shopping destinations across the Western United States including Glendale Galleria (Glendale, CA), Fashion Island (Newport Beach, CA), Tustin Marketplace (Tustin, CA), and Del Mar Highlands Town Center (San Diego, CA).
In the late 90’s, Mr. Schriber was instrumental in redirecting the company’s focus to necessity-based retail where they continued to be recognized as a leader in the development, management, and leasing of neighborhood, community, and power centers along the West Coast.
Operating as the company’s President until 2003, Tom assumed the role of Chairman and CEO after the unexpected death of co-founder, Dan Donahue. Mr. Schriber took a step back from his day-to-day duties as CEO in 2005 while maintaining his role as Chairman of the Board until his retirement in 2010. He maintained a seat on the Board of Directors through 2019.
Tom, a native of California, is a graduate in real estate and finance from the University of Southern California.
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives (“JPMGA”) is the alternative investment arm of J.P. Morgan Asset Management. With more than $120 billion in assets under management and over 800 professionals (as of June 30, 2017), JPMGA offers strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the Americas, Europe and Asia Pacific, JPMGA’s independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information: www.jpmorganassetmanagement.com.
About New York State Teachers’ Retirement System
The New York State Teachers’ Retirement System provides retirement, disability and death benefits to eligible New York State public school teachers and administrators. NYSTRS is one of the 10-largest public retirement systems in the nation.