AH Realty Trust has appointed real estate investment executive David Hirsh as an independent director following the retirement of company founder Daniel Hoffler from its board of directors.
Both changes took effect Nov. 6, 2026, as part of the company's ongoing board refreshment process. The Virginia Beach, Virginia-based real estate investment trust (REIT) said the appointments and leadership transition are intended to support its corporate transformation and strengthen board oversight.
Hoffler founded AH Realty Trust and helped develop its vertically integrated real estate business. His retirement concludes his service on the board.
Hirsh has more than three decades of experience across major real estate asset classes and U.S. markets, completing more than $30 billion in transactions during his career.
Before retiring in 2018, he spent 16 years in Blackstone's Real Estate Asset Management Group. His responsibilities included strategic oversight of Equity Office Properties, IndCor Industrial Properties and the LXR Hotels and Resorts portfolio, along with investments in retail and senior housing.
Earlier, Hirsh spent 15 years at Citigroup, including roles in real estate asset management, hotel investments, corporate finance and project lending. He currently serves on the boards of Seaport Entertainment Group and Comstock Holding Companies.
He holds a bachelor's degree in business administration from Pace University and a master's degree from New York University.
AH Realty Trust owns and operates retail and mixed-use office properties, primarily across the Mid-Atlantic and Southeastern United States. The company has more than four decades of real estate experience and focuses on capital allocation and portfolio performance.
The board appointment comes as AH Realty Trust focuses on operational excellence, improving asset performance and creating long-term shareholder value.
Implications for Commercial Real Estate
The leadership changes highlight the importance of board-level real estate investment expertise as property owners and REITs manage portfolios and pursue strategic transformations. Hirsh's experience in asset management and large-scale transactions adds expertise relevant to AH Realty Trust's retail and mixed-use property portfolio.
Source: AH reality.
