In his time at Ullico, Herbert “Herb” Kolben, Senior Vice President and Chief Real Estate Investment Officer for the Real Estate Investment Group, has overseen the growth of the department from $500 million in 1993 to more than $3 billion today.
Mr. Kolben has more than 35 years of real estate experience. Prior to joining Ullico, he served for several years as senior vice president at MNC Financial Inc. (which was acquired by Bank of America) in Washington, D.C. where he oversaw a $1.9 billion workout (securities) portfolio. Mr. Kolben began his career with First Mortgage Investors REIT in Miami, followed by more than a dozen years as a vice president and senior credit officer with Citibank N.A.
Nationally recognized for his real estate knowledge, Mr. Kolben is a frequent speaker at real estate conferences. Additionally, he is a member of several professional organizations, including the Urban Land Institute, International Council of Shopping Centers and the Pension Real Estate Association.
Mr. Kolben resides in Bethesda, Maryland and is married with two adult daughters. The union movement is in his blood; his father was a member of the International Brotherhood of Teamsters and his mother was a union cashier. Mr. Kolben holds a Bachelor of Commerce and a Masters in Business Administration from Concordia University in Montreal, Canada.