Press Release

COVINGTON, Ky. (May 22, 2024) – Corporex, a privately held investment firm located in Covington, Ky. focused on investing in real estate, hospitality, sports and fitness, and capital markets, has recently hired Rob Deines as Senior Vice President of the Central Business Group and Andrew Vecellio as Director of Development.

Deines is a proactive leader with a proven history of enhancing the performance of rapidly evolving organizations. His most recent role was a business owner at RDDK Holdings, LLC, where he evaluated business operations and investment performance. In Deines’ new role, he’ll be responsible for fostering organizational advancement and integrating industry best practices across all facets of the company.

“Rob is an excellent addition to our leadership team and will guide our organization through ongoing transitions and growth effectively,” said Brett Blackwell, Chief Financial Officer of Corporex Companies. “He will be responsible for leading critical functions in our central business unit, which includes accounting, tax, IT and human resources, ensuring compliance and creating efficiencies for our organization.”

“I’m eager to jump into the day-to-day operations and begin implementing Corporex’s vision for the future,” said Deines. “The organization is known for some of the largest development projects in the region, including Ovation, the transformational mixed-use development located along the Ohio River. Being part of an organization that is known for creating iconic skylines is something I am eager to be part of.”

Vecellio has a keen enthusiasm for project identification and driving both strategic and operational decisions. He’s backed by over two decades of experience in construction and land development and is guided by principles of authenticity and integrity. Vecellio’s most recent role was Vice President at Guttman Development Group, LLC, where he developed senior living and apartment communities from the initial design to resident occupancy. In his new role, he will oversee various projects, including Ovation, to ensure projects are completed timely and within scope and budget.

“Andrew will be a valuable asset and team member who will help Corporex continue to excel in our industry,” said Tom Banta, Chief Real Estate Officer of Corporex Companies. “He will provide strategic direction for developments within our organization, including the transformational mixed-use development Ovation in Northern Kentucky, to ensure our various projects are completed efficiently and within the highest industry standards that we set across our portfolio of properties.”

“I look forward to working with our construction and sales team to deliver our first residential
buildings at Ovation this year,” said Vecellio. “This organization has a stellar reputation in the
industry, and I look forward to being a part of that legacy moving forward.”

To learn more about Corporex and the organization’s portfolio of businesses and investments,
visit corporex.com.

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About Corporex
Corporex, the master developer of Ovation, is a national, privately held investment and development firm based in Covington, Kentucky. Corporex has a nearly 60-year history of developing world-class hotels, Class A offices, luxury residential and mixed-use developments in over 22+ states across the U.S. The company has more than $1B in assets under management, has built over 25M square feet, and generously invested in communities with $2.9M in corporate and foundation giving in 2023. Today, the company remains one of the leading privately held, vertically integrated owner/operators of commercial real estate in the country. Learn more at corporex.com.