About Us

Management Team

Jason Zhu

Chairman & CEO

Jason Zhu

Jason Zhu

Chairman & CEO

Jason Zhu joined Gemdale Corporation in 2004 and serves as the Chairman and Chief Executive Officer of Gemdale USA. He is responsible for setting strategic direction, building and leading the senior executive team, and allocating capital in line with the company’s strategic priorities. Jason is also active in the global capital markets, particularly with Chinese investors.

Prior to joining Gemdale USA, Jason led Gemdale Corporation's Northwest China region, WINS Investment (Gemdale Corporation's third-party capital platform), and Capital Markets. He has served in leadership positions in various areas of Gemdale, including management, design, marketing, acquisitions and investments, private equity funds, and capital markets. Prior to Gemdale, he owned his own business in architecture and interior design. Jason is highly specialized in strategic management, negotiations, creative design and marketing.

Jason holds a Bachelor's degree in Architecture from Chongqing University and an MBA degree with a double major in Strategy and Finance from Indiana University.

Michael H. Krupa

President

Michael Krupa

Michael H. Krupa

President

Michael H. Krupa serves as the President of Gemdale USA. He brings a wealth of real estate investment, business development, and operations experience to the company. Mr. Krupa oversees day-to-day management of various aspects of the company’s operations and plays a leading role in setting and monitoring company-wide strategy.

Prior to joining Gemdale USA in February 2013, Mr. Krupa served as Managing Director at The Milestone Group from 2009 to 2013, where he also served on Milestone's Investment Committee. From 2001 to 2009 he was an Executive Director in two divisions within UBS. Mr. Krupa also served on the Board of Directors of Mitsubishi Corp.-UBS Realty Inc., the externally advised asset manager to two Tokyo Stock  Exchange listed J-REITs,  Japan Retail Fund as well as Industrial and Infrastructure Fund. Prior to joining UBS, Mr. Krupa served in investment banking capacities at McDonald Investments (a unit of Key Bank), Salomon Smith Barney and one of its predecessors, Salomon Brothers, Inc., as well as at Kidder, Peabody and Company.

Mr. Krupa has served as Adjunct Professor of International Real Estate at New York University and at City University of New York. Mr. Krupa received his Bachelor's degree from Northeastern University and an MBA degree from Harvard Business School. He is a CPA, a member of the Harvard Alumni Real Estate Board of Directors, a member of the China Institute Board of Trustees, and is past member of the Board of Directors of the National Multi-Housing Council.

Stephen D. Hutto

Chief Investment Officer

Stephen D Hutto

Stephen D. Hutto

Chief Investment Officer

Stephen D. Hutto serves as the Chief Investment Officer of Gemdale USA. He is responsible for leading and guiding the company’s investment portfolio, setting long and short-term strategies/objectives, directs the investment policy and leads new business investment activities and ventures.

Prior to joining Gemdale USA, Mr. Hutto has served in multiple leadership capacities with broad geographic experience in multiple major markets across the country with JPI, AvalonBay Communities, McCaffery Interests, Means-Knaus Partners and Goldman Sachs’ Archon Group. With nearly 20 years of real estate experience, he has comprehensive experiences in property types such as multifamily, mixeduse, retail and office development. His operating skills include acquisitions, development management, portfolio management, leasing and asset dispositions.

Mr. Hutto holds a Bachelor’s degree in Business Administration and Finance from Texas Tech University, and a Master’s degree in Real Estate Development from Columbia University. In addition, he holds CCIM, ICSC, NAIOP, TREC, ULI and American Bankers Academy designations.

James Steman

Executive Vice President, Development

James Steman

James Steman

Executive Vice President, Development

Jim Steman is responsible for leading the West Coast Development and executing the vision and strategic direction set by the firm.

Prior to joining Gemdale USA, Mr. Steman had a successful career working for Panasonic Real Estate Development, Universal Studios, Mills Corporation, and McCaffery Interests. Mr. Steman has twenty-five years of experience in numerous executive positions in the real estate industry focused on the successful development of over $5 billion of resort, themed entertainment, multifamily, office, historical renovation, and urban mixed-use projects. Mr. Steman was educated abroad in high school and speaks fluent Japanese. He is an LEED Accredited Professional and an ICSC Certified Development Professional. He is active in his community, having served on various boards including his zoning board.

Mr. Steman attained a Bachelor of Arts in Japanese and Economics and attended the Carlson School of Business at the University of Minnesota.

Brett S. Rubin

Head of Development

Brett S. Rubin

Brett S. Rubin

Head of Development, East Coast

Brett S. Rubin serves as the Head of Development of Gemdale USA, East Coast. He is responsible for leading the organization’s East Coast design, development, and construction activities.

Mr. Rubin brings more than 15 years of real estate acquisition and development experience. Prior to joining Gemdale USA, Mr. Rubin was a Managing Director and Partner at Alliance Residential Company, where he launched and oversaw the company’s acquisition and development activities in the greater New York metropolitan region. Mr. Rubin’s prior experience also includes working as Senior Development Director at publicly-traded REIT, AvalonBay Communities, as well as serving as Planning Project Manager at the Lower Manhattan Development Corporation (LMDC) where he had a broad range of responsibilities in revitalizing and redeveloping the World Trade Center site and surrounding areas after September 11th.

Mr. Rubin holds a Bachelor's degree in Architecture and Urban Planning from Yale University, and an MBA degree from Harvard Business School.

Dongbo Wang

Executive Vice President

Dongbo Wang

Dongbo Wang

Executive Vice President

Dongbo Wang joined Gemdale Corporation in April 2002 and the Gemdale USA team in April 2016, where he serves as Executive Vice President.

At Gemdale in China, he served as General Manager for development, marketing and operations in the North China Region. Prior to joining Gemdale, Dongbo worked in the marketing department of the Xi'an Federation of Industry and Commerce and was responsible for corporate marketing. During his 14-year experiences in the real estate industry, he has been integrally involved in the areas of project conceptualization, planning, permitting, market and financial analysis, financing, retail leasing, as well as interface with design and construction.

Mr. Wang holds a Bachelor’s degree in Investment Economics from China Central University of Finance and Economics.

Lisa M. Colacurcio

Head of Fund Management

Lisa M. Colacurcio

Lisa M. Colacurcio

Head of Fund Management

Lisa Colacurcio is a Managing Director at Gemdale USA Corporation, where she is responsible for strategic direction of the asset management business, establishing joint ventures and third-party investment vehicles.

Ms. Colacurcio brings over 20 years of real estate acquisition and fund management experience to the team. Prior to joining Gemdale USA, Ms. Colacurcio held positions at Paladin Realty Partners, UBS Wealth Management Real Estate, Donaldson, Lufkin, and Jenrette, as well as running her own investment vehicle. Ms. Colacurcio served in leadership capacities in Asia, the US, and Europe, executing over USD2bn in real estate transactions, and establishing and managing multiple cross-border real estate funds and joint ventures. 

Ms. Colacurcio holds a BA and MA from Cornell University and an MBA from The Wharton School at the University of Pennsylvania.