Comstock Holding Companies, Inc. has secured the number one position on the Washington Business Journal's (WBJ) Most Active Commercial Real Estate Developers list and the second spot on the Largest Commercial Real Estate Developers list for the Greater Washington region. The rankings, released annually by WBJ, highlight the company's sustained leadership and significant development pipeline in the metropolitan D.C. market.

The WBJ Most Active list ranks developers based on the total square footage under construction in the D.C. Metro area in 2025. Comstock achieved the top ranking with 4.6 million square feet, a figure more than two times greater than the next closest developer. The WBJ Largest list ranks developers by the total number of regional employees, where Comstock's workforce of over 600 secured the number two position.

Christopher Clemente, Chairman and Chief Executive Officer of Comstock, attributed the recognition to the collective effort of the company's team. He stated that the hard work and dedication of the employees are responsible for such achievements and expressed pride in the team's commitment to excellence.

WBJ Rankings Breakdown

The following table details Comstock's performance in the Washington Business Journal's commercial real estate rankings:

Founded in 1985, Comstock serves as an asset manager, developer, and operator of mixed-use, transit-oriented properties and large-scale infrastructure developments. The company's managed portfolio includes approximately 10 million square feet at full build-out, featuring assets strategically located at key Metro stations in the Washington, D.C. region.

Comstock Holding Companies, Inc. (NASDAQ: CHCI) has appointed David Z. Hirsh to its Board of Directors, where he will serve an initial term expiring at the Company's 2027 Annual Meeting of Stockholders. Hirsh brings over 30 years of experience in real estate investment across major U.S. markets, strengthening the board's expertise in institutional investment and capital markets.

Hirsh's Professional Background

Hirsh is a former Managing Director at Blackstone Inc., where he spent approximately 16 years in the Real Estate Asset Management Group until his retirement in January 2018. At Blackstone, he managed portfolios including Equity Office Properties, IndCor Industrial Properties, and LXR Hotels and Resorts. Prior to this, he spent about 15 years at Citigroup Inc., leading the hotel group in real estate asset management and specializing in corporate real estate and project lending in corporate finance.

Current Roles and Education

Hirsh currently serves as an independent director and Chair of the Audit Committee of Seaport Entertainment Group Inc. (NYSE: SEG). He is also an Independent Advisor to Town House Partners and an Adjunct Professor and Vice Chair of the Advisory Board at the New York University Schack Institute of Real Estate. He holds a B.B.A. in Public Accounting from Pace University and an M.S. in Real Estate Development and Investment from New York University.

Strategic Appointment

Christopher Clemente, Chairman and Chief Executive Officer of Comstock, stated that Hirsh's extensive background in commercial real estate and capital markets will be an invaluable asset to the leadership team. Hirsh expressed enthusiasm for joining the board and guiding the company's continued growth, citing appreciation for what Comstock has built in the Washington, D.C. region.

Comstock's Portfolio

Comstock manages a portfolio of approximately 10 million square feet at full build-out, including stabilized and development assets located at key Metro stations in the Washington, D.C. region. The company focuses on mixed-use, transit-oriented properties and large-scale infrastructure developments.