Relationships Make the Difference

Creating value for the long-term, it’s a philosophy that is the cornerstone of Vestar’s success—with every project and every person. We are proud that many of our senior management have been a part of the company for more than 20 years, and as we have grown, dynamic industry leaders have joined the team with unparalleled experiences that transcend all disciplines. It’s that kind of commitment and forward-thinking that not only strengthens Vestar as a company, but also serves our clients and builds a mutual respect and trust.

Our retail centers are also designed and operated to maximize long-term value for the company, our investors and our tenants. It’s because of this philosophy that Vestar continues to meet its commitments to increase net asset value and maintain our reputation as a stable and reliable owner, partner and manager.

Vestar has developed positive, long-term relationships with investors, tenants and the communities that rely on Vestar’s retail centers for shopping, socializing and entertainment. Many of these relationships form the basis of our future developments, as they look to Vestar to continue creating, operating and managing innovative retail centers that meet their needs – now and in the future.


Lee T. Hanley

Past Chairman


Vestar will remain guided by the values and principles Lee exemplified over the years—integrity, initiative, dedication and social responsibility. Lee’s example, achievement and legacy will certainly live on for many generations to come.

Richard J. Kuhle

Chairman & CEO

Rick Kuhle is a founding principal of Vestar and is responsible for all retail development. Through his leadership, Vestar has become a nationally recognized shopping center developer. Previously, Rick held positions at Estes Development Co. and Grubb & Ellis Commercial Brokerage. He has a master’s degree in Business Administration from Arizona State University and an undergraduate degree in History from Utah State University. Rick serves on two municipal boards in metropolitan Phoenix and is a member of the International Council of Shopping Centers.

David J. Larcher


David Larcher is a founding principal of Vestar and has been responsible for some of the most dynamic and popular retail projects in the southwest. David is responsible for Vestar’s acquisition, development and operational activities. He is a graduate of Arizona State University with a degree in Real Estate and Finance. David is a member of the International Council of Shopping Centers, Urban Land Institute and is on the Board of Trustees of The Nature Conservancy of Arizona.

J. Paul Rhodes

Executive Vice President

Paul Rhodes is a founding principal of Vestar and oversees construction for all of Vestar’s operations. During his tenure, Paul has been responsible for the construction of more than 75 shopping centers, totaling in excess of 16.5 million square feet. Previously, Paul held positions at Estes Development Co. and Morrison-Knudsen. He graduated from Arizona State University with a degree in Civil Engineering. Paul is on the Executive Council of the Phoenix Boys and Girls Club, and is a member of the International Council of Shopping Centers, the Phoenix Thunderbirds, Phoenix Children Hospital Foundation Board and Valley Partnership Board of Directors.

R. Patrick McGinley

President of
Management Services

Patrick McGinley oversees all operations for Vestar’s 30 million square feet under management, including five regional offices. He joined Vestar in 1989 and has been involved in the significant growth and scale of the property management division. He is a graduate of University of Arizona and is a member of the Phoenix Thunderbirds, International Council of Shopping Centers, and is a past-President of Valley Partnership. Additionally, Patrick has been involved in various civic organizations, such as the Foundation for Blind Children and Executive Council of the Boys and Girls Clubs of Metropolitan Phoenix.

Edward J. Reading

Executive Vice President
of Finance

Ed Reading is responsible for all accounting and property finance operations. Prior to joining Vestar in 1992 as Director of Finance, he held a position of Controller at Arizona Building and Development, a real estate developer, owner and property manager and served three years with the public accounting firm of Arthur Andersen. Ed graduated from the University of Arizona in 1984 with a degree in Accounting and is a member of the International Council of Shopping Centers and the Scottsdale Charros, a local civic organization.

Allan J. Kasen

General Counsel

Allan Kasen oversees legal matters and handles special projects on behalf of the company. Prior to joining Vestar in 1994, Allan served as Senior Partner in a major Phoenix law firm for approximately 15 years. Previously, he worked for the Wall Street law firm of Hughes, Hubbard & Reed after clerking for a federal judge. He received a Juris Doctorate with honors in 1969 from Harvard Law School and graduated from Brooklyn College (Magna Cum Laude and Phi Beta Kappa) with a bachelor’s degree in Economics. Allan has been active in various academic and children’s charitable organizations.

Jeffrey M. Axtell

Executive Vice President & Regional Manager

Jeff Axtell oversees Vestar’s acquisition and development strategies in California, Nevada, Oregon and Washington which includes repositioning of assets, leasing and dispositions. He has been responsible for several landmark retail developments including The District at Tustin Legacy, Long Beach Towne Center and Cerritos Towne Center. Recently, Jeff acquired Riverside Plaza, Village at Orange and Peninsula Center. Prior to joining Vestar in 1997, he served as Vice President and Manager of the Seeley Company’s Retail Division specializing in the sale and leasing of community and power centers. Jeff graduated from the University of California, Los Angeles, with a degree in Economics. Jeff is a member of the International Council of Shopping Centers and has served on athletic boards for the local youth sports programs.

Clint Marchuk

Vice President of Acquisitions

Clint Marchuk is responsible for the identification, evaluation and execution of shopping center acquisitions. Prior to joining Vestar, Clint acquired shopping centers for both publicly traded and non-traded REITs sponsored by Cole Real Estate Investments. During his tenure at Cole, Clint was actively involved in the acquisition of over $2 billion in commercial real estate transactions. Prior to Cole, Clint served in civil engineering and land development roles with CFA, Inc. in Reno, Nevada. Clint earned his Master of Business Administration in Financial Management and Markets from Arizona State University’s W.P. Carey School of Business, as well as a Bachelor of Science in Civil Engineering from the University of Nevada – Reno. Clint is a member of both the International Council of Shopping Centers (ICSC) and the Urban Land Institute (ULI).

Richard E. Hearn

Vice President of Leasing

Rick Hearn is Vice President of Leasing for Vestar. He oversees the leasing of the company’s portfolio throughout the southwestern U.S. He joined Vestar in 1994 as its Director of Leasing after a five-year career in the commercial real estate brokerage industry. Rick is the recipient of ICSC’s “Trustee’s Distinguished Service Award” and a past Arizona ICSC State Director. He is a graduate from the University of Phoenix with honors, receiving a Bachelors Degree in Business Management, complimenting his Business Administration curriculum, majoring in Real Estate and Finance, from Arizona State University. Rick is community-minded and actively involved in Fighter Country Partnership, supporting Luke AFB, along with Boys Hope/Girls Hope and Brokers for Kids.

Taylor Alvey

Vice President of Leasing

Taylor Alvey is Vice President of Leasing for Vestar and is responsible for the leasing efforts of assets throughout Arizona and California.  Prior to joining Vestar, Taylor was the Vice President of Leasing for DDR responsible for over 25 shopping centers and 12 million sf in the Western Region. He received a Bachelor of Business Administration in Finance from the University of Kentucky and a Master of Business Administration in Finance from the University of Tennessee.  Taylor is a former Board Trustee of the National MS Society – Buckeye Chapter and is an active member of the International Council of Shopping Centers.

Angie Kory

Associate Vice President, Leasing

Angie Kory is the Associate Vice President of Leasing. Most recently she served as the Senior Vice President of Leasing with Cypress Equities a developer of retail and mixed use projects.  Angie’s primary function was to oversee the leasing for enclosed mall redevelopments, ground up grocery anchored centers, and power centers totaling 3.5 million square feet in Arizona, Alabama, California, Louisiana, and Texas. Prior to her employment with Cypress Equities she spent 7 years with Cole Real Estate Investments/American Realty Capital Properties leasing a retail portfolio of 35 shopping centers totaling 7.7 million square feet in the West, Midwest, and Northeast. She has successfully negotiated 475 lease transactions totaling 1.8 million square feet with lease values in excess of $230 million. She currently serves as the Fresh Start Women’s Foundation Auxiliary Board Chair and the Arizona Next Generation Chair for International Council of Shopping Centers.  Angie graduated from University of Nebraska-Lincoln with a Bachelor of Science in Business Administration.

Paul Asher

Vice President of Property Management

Paul Asher is the Vice President of Property Management for Arizona, Utah, Colorado and Texas. He is responsible for leading the Arizona, Utah, Colorado and Texas property management functions.  Prior to joining Vestar, Paul worked at Hannay Realty Advisors as Director of Property Management. In this role, Paul was responsible for the operations and property management function of over 8 million square feet of commercial assets in Arizona, Nevada and California. He is a graduate of the University of Arizona and a member of the International Council of Shopping Centers (ICSC), Institute of Real Estate Management (IREM) and Building Owners and Managers Association (BOMA).

Dirk Van Wyk

Vice President of Property Management

Dirk Van Wyk is Vice President of Property Management for Southern California. Prior to joining Vestar, Dirk was Senior Vice President Asset Management for BIG Shopping Centers USA, where he was responsible for leading the U.S. operations, leasing and management teams for a shopping center portfolio of 5.5 million square feet.  Prior to that, Dirk was Vice President at Donahue Schriber, a west coast based institutionally owned REIT, where he was responsible for sourcing development and acquisition opportunities, as well as overseeing all property dispositions for the company.  Dirk is a graduate of St. Mary’s College of California located in the San Francisco Bay area, holds a CPA license by the State of California and is a member of ICSC.

Chris Kinerson

Regional Vice President of Property Management

Chris Kinerson is Regional Vice President of Property Management for Northern California, Washington, and Nevada. With 14 years of real estate and leadership experience, Chris brings an in-depth background in leading all facets of retail operations. Chris previously served as an Associate Director of Asset Services for CBRE, holding overall responsibility for regional operations of retail properties throughout the Orange County, San Bernardino, and select Los Angeles Markets. He provided supervision for management services to a variety of clients, including major institutional investors, and private ownership entities.  Prior to joining CBRE, he was a General Manager for the Westfield Corporation managing Regional Shopping Malls in California and the Mid-West.

Jim Brennan

Vice President of Operations

Jim Brennan is responsible for best practices on Vestar’s entire portfolio to include contract negotiation, professional implementation and seamless transfer from construction to Property Management on renovation and re-positioning projects. Prior to joining Vestar, Jim held various management positions with Simon Property Group, Equity Properties & Development and Forest City Enterprises. He earned his Bachelor’s of Arts Degree from Westminster College in 1986 and is a licensed Real Estate Agent in Arizona. Jim also served as the ICSC State Operations Chair for Arizona and New Mexico from 2009/2010. He is an active member of ICSC and holds the prestigious designations of CRX and CSM.

Rachel Forman

Vice President of Marketing

Rachel Forman is the Vice President of Marketing and directs the strategic marketing and branding programs for the Vestar portfolio of properties. She works with the property level teams to establish innovative, results oriented, programs that add value to the company’s retail destinations. Rachel is an industry leader with over 25 years of experience and has provided marketing consulting services to a variety of clients including: Canyon Partners, Rich Development, CBRE, Federal Realty Investment Trust, Madison Marquette and The Irvine Company. She also held positions with O&S Holdings, the Los Angeles Downtown Center Business Improvement District, Talbots and The Hahn Company. Rachel is a graduate of the University of Arizona and is an active member of the Peninsula Chapter of National Charity League and International Council of Shopping Centers.

Meagan Hines

Creative Director

Meagan Hines is the Creative Director for Vestar, conceptualizing unique and innovative experiences for shoppers at each retail destination. In support of the Vice President of Marketing, Meagan leads the creative development of branded materials and advertising, as well as on-site installations. With more than 15 years of professional experience, her background includes creative expertise in hospitality, real estate, event planning, entertainment and more. She previously held the position of Creative Director at Noble House Hotels & Resorts, in addition to 12 years of creative consultation as a freelancing professional. Meagan is a graduate of Columbia Basin College in eastern Washington.

Beth Understahl

Associate General Counsel

Beth Understahl is the Associate General Counsel and advises on general corporate and other legal matters for the company. Prior to joining Vestar, Beth served as counsel in the Real Estate and Land Use Group of Perkins Coie LLP.  She started her legal career in New York City at the law firm of Simpson Thacher & Bartlett LLP where she represented public and private companies in executive compensation and employee benefits matters. She holds a Juris Doctorate from Fordham Law School and an M.F.A. in Creative Writing from the University of California, Irvine.  Beth received her undergraduate degree in English Literature from the University of Evansville where she played Division I tennis.

Bryce S. Egbert

Vice President of Client Services

Bryce Egbert is the Vice President of Client Services and is responsible for formalizing and growing the third-party services business within Vestar. He leads and coordinates marketing and selling efforts for Vestar’s property management, leasing oversight, construction management, and other services the company delivers. Prior to joining Vestar, Bryce managed the Western U.S. Business Development Group for IPC International Corporation, comprising nearly 200 retail properties in a 19-states territory from Texas to Hawaii. He was responsible for retail sector growth, client relationships, and community partnerships. He is a graduate of the University of Arizona with Bachelor of Science degrees in Economics and Entrepreneurship. Bryce is a member of the International Council of Shopping Centers, and is involved in several charitable organizations in Los Angeles and Phoenix.

Jack Van Kleunen

Senior Vice President of Construction

Jack Van Kleunen is responsible for managing pre-development and construction of Vestar retail developments. Prior to joining Vestar in 2002, he was Senior Construction Manager for Lowe Enterprises, Koll Development Co. and Tishman Speyer Properties, managing the construction of more than 20 million square feet of commercial and retail development. During his tenure, Jack has been responsible for construction management of more than 20 new and existing retail developments, totaling in excess of 25 million square feet. Jack graduated from the University of Florida, School of Architecture in 1982 with a Bachelor of Science degree in Building Construction. He is a member of the International Council of Shopping Centers.

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