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CO-CEO AND CHAIRMAN, DYNEX CAPITAL, GLEN ALLEN
Photo by Caroline Martin
Photo by Caroline Martin
CO-CEO AND CHAIRMAN, DYNEX CAPITAL, GLEN ALLEN
Virginia Business// August 29, 2024//
Dynex Capital, a real estate investment trust, reported about $6.37 billion in total assets at the end of last year, compared with about $3.61 billion in 2022, with a strong fourth quarter capping a volatile year for REITs because of inflation and high interest rates.
A St. Louis native, Boston joined Dynex in 2008 as executive vice president and chief investment officer. Four years later, he was promoted to president and given a seat on the board. He took the role of CEO in 2014. Dynex board members appointed Boston in December 2023 to be their chairman. In July, Smriti Laxman Popenoe, Dynex’s president and chief investment officer, became the firm’s new co-CEO, leading Dynex with Boston.
The first person in his family to graduate from college, Boston majored in economics at Dartmouth College and earned an MBA from the University of Chicago.
Boston launched his career as a corporate banker with Chemical Bank and later traded mortgage securities. He served in a senior leadership role in the investment division of Freddie Mac for almost seven years.
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