Managing Principals


LREP is led by four Ma
naging Principals with longstanding experience in the real estate industry. Their skill sets and those of the other members of the senior management team include expertise in corporate and real estate operations, financing, restructuring, and mergers and acquisitions.

Matthew J. Lustig | Managing principal

Mr. Lustig is the Chief Executive Officer and a Managing Principal of LREP and a Managing Director of LAI. He is separately a Managing Director of Lazard and is responsible for Lazard’s real estate industry investment banking activities.

Mr. Lustig has managed LREP, set strategy, and overseen many of the transactions within LREP’s investment funds. Mr. Lustig is Chairman of the Board and a member of the Executive Committee of Atria and a Director of Commonwealth Atlantic Properties Inc. He has previously served, on behalf of LREP funds, as a Director of Brandywine Realty Trust (NYSE: BDN), iStar Financial Inc. (NYSE: SFI) and Kapson Senior Quarters Corp., and as a member of the Partnership Committee of The Rubenstein Company L.P. Mr. Lustig is also member of LAI's private equity and venture capital investment committees.

Mr. Lustig oversees Lazard’s real estate investment banking business and has extensive experience in advising clients with respect to strategic matters, restructuring, finance and capital raising, and first tier asset and portfolio sales. In recent years, he has advised on over $175 billion of strategic transactions involving leading real estate companies in the public and private markets. Mr. Lustig is also a member of Lazard's fairness opinion committee.

Prior to joining Lazard in 1989, Mr. Lustig was a First Vice President at Drexel Burnham Lambert. He was previously a lending officer with Chase Manhattan Bank specializing in credit, construction, and real estate finance.

Mr. Lustig is a member of various industry organizations including Real Estate Roundtable, Urban Land Institute, Pension Real Estate Association, the Real Estate Advisory Boards at Columbia University School of Business, and The Wharton School Zell/Robert Lurie Real Estate Center. Mr. Lustig received a B.S.F.S. in International Economics from Georgetown University, School of Foreign Service.


Gary Ickowicz | Managing Principal

Mr. Ickowicz is a Managing Principal of LREP with responsibility for acquisitions and investment management. Mr. Ickowicz is a Director and President of Commonwealth Atlantic Properties Inc. and has previously served, on behalf of LREP funds, as a Director of Kimsouth Realty, Inc. and as a member of the Partnership Committee of American Apartment Communities III L.P.

Previously, he was a Director in Lazard’s real estate investment banking group, focusing on corporate merger and acquisition transactions. He has also been involved in a wide range of capital-raising and strategic advisory assignments for domestic and international real estate companies.

Mr. Ickowicz began his career at Goldman, Sachs & Co. in its real estate group. He moved to Drexel Burnham Lambert as a First Vice President before joining Lazard in 1989. In addition, Mr. Ickowicz has been involved in the acquisition, redevelopment, and re-leasing of approximately 1,600 multi-family units and 250,000 square feet of commercial space as a private investor. Mr. Ickowicz is a Director of Resource Capital Corporation (NYSE: RSO) and two not-for-profit affordable housing entities.

Mr. Ickowicz is a member of various industry associations including the Urban Land Institute, the International Council of Shopping Centers, and the National Association of Real Estate Investment Trusts. Mr. Ickowicz received a B.S. and an M.M.S. from Stevens Institute of Technology.


John A. Moore | Managing principal

Mr. Moore is a Managing Principal and the Chief Financial Officer of LREP and a Managing Director of LAI with responsibility for acquisitions and investment management. He is the Chief Executive Officer and a Director of Atria where he is also a member of the Executive Committee. He previously served as a member of the Partnership Committee for The Rubenstein Company, L.P., a member of the Membership Committee of InTown Holding Company, L.L.C., and as a Director of ARV Assisted Living, Inc., on behalf of LREP funds.

Prior to joining LREP in 1998, Mr. Moore was Executive Vice President and Chief Financial Officer of World Financial Properties, a private New York City based office property owner/operator and the predecessor to a subsidiary of the public company Brookfield Property Corporation (NYSE: BPO). Prior to joining World Financial Properties, he worked with Olympia and York Properties as Senior Vice President, Finance and led the financial and restructuring efforts in the company’s $5 billion bankruptcy reorganization. Prior to joining Olympia and York, he worked as a real estate lender with the Sumitomo Bank in New York and Sovran Bank in Norfolk, Virginia.

Mr. Moore is a member of various industry associations including Pension Real Estate Association, Executive Board of the American Senior Housing Association, and Assisted Living Federation of America. Mr. Moore received a B.A. from Yale University.


Douglas N. Wells | Managing principal

Mr. Wells is a Managing Principal of LREP with responsibility for acquisitions and investment management. Mr. Wells previously represented LREP as President of InTown Suites Management, Inc. and a member of the Membership Committee of InTown Holding Company, L.L.C., the parent of InTown Suites. He also served, on behalf of LREP funds, as a member of the Partnership Committee of DP Operating Partnership, L.P., the Partnership Committee of The Rubenstein Company L.P. and the board of Center Trust, Inc. (Formerly traded NYSE: CTA), where he was a member of the Investment Committee and the Compensation Committee.

Prior to joining LREP in 1997, Mr. Wells was with The Mutual Life Insurance Company of New York/ARES Realty Capital, Inc. from 1993. He was a Vice President from 1995 to 1997 responsible for restructuring non-performing real estate loans and asset management, property management and leasing of the parent company’s equity real estate investments. Mr. Wells was with Shelter Corporation of Canada Limited from 1988 to 1991, where he was involved with property development, leasing, and management of office, retail and multi-family assets.

Mr. Wells is a member of the Urban Land Institute and the Pension Real Estate Association. He received a B.A. from Trent University and an M.B.A. from the University of Denver.