John Edward Babb: Ocean Consulting, Inc., President

Mr. John Babb is the President of Ocean Consulting, Inc., a firm specializing in providing consulting services in the fields of real estate development, construction, financing, ownership and operations.

Ocean Consulting also advises its clients on energy efficiency and conservation systems, general business operations and financial institution relationships.

Mr. Babb previously served as Executive Vice President and Partner with Armada Hoffler Holding Company, one of the nation’s premier commercial real estate and construction companies specializing in the development, construction and ownership of quality, institutional-grade real estate located in primary markets throughout the United States. Mr. Babb specialized in the exploration and administration of capital employment alternatives, including asset acquisition and disposition, and the comprehensive management and specific development opportunities in which the company, its related entities, or the principals contemplated the establishment of an ownership position.

Prior to joining Armada Hoffler, Mr. Babb was Vice President of real estate finance with Wachovia Bank (now Wells Fargo) for four years and Assistant Vice President of real estate finance with Bank of America for six years.

Mr. Babb is a lifelong resident of Hampton Roads and has been actively involved in several civic and public organizations such as the sponsorship committee for the Virginia Beach Open, the Vice Chairman of the Portsmouth Invitational Tournament and as Chairman of the Steven T. Williams Memorial Scholarship Fund.

Mr. Babb holds a BS degree in Business from Virginia Tech.