Darik Elwan is a co-founder of ICG Properties and has been instrumental in directing the firm's broad-ranging development activities in the Washington metropolitan area. His expertise includes project financing, leasing, and project management, with a strong background in capital structuring and the development of successful equity partnerships.

Early in his career, Mr. Elwan played a key role in launching the ambitious 470-MW Liberty Power project in Pakistan. An initiative of Infrastructure Capital Group, an ICG Properties affiliate, the project was developed jointly with Tenaga Nasional Berhad of Malaysia and the US-based Entergy Corporation. Liberty Power was among the first infrastructure projects to utilize Pakistan's domestic natural gas resources, reducing pollution in the Sindh Province. Mr. Elwan directed the equity structuring for the multi-year development effort, traveling extensively throughout Pakistan, Malaysia, and Singapore. He also managed the 1998 sale of ICG's investment interest.

Since 1996, Mr. Elwan has focused primarily on property acquisition, development, and repositioning work in the Washington, DC area. His projects include the landmark 901 F Street (The Gallup Building) redevelopment, which included the restoration, management and ultimately sale of the historic Masonic Temple. He has also overseen the acquisition and redevelopment of 911 F Street, NW, the acquisition and repositioning of 1600 K Street, NW (The World Center Building), and Courthouse Tower and the acquisition and recapitalization of 2115 Wisconsin Avenue, NW, and such overseas properties as the Kassiopi Villas and Votanas Bay on the island of Corfu.

In addition to his executive management responsibilities with ICG Properties in Washington, Mr. Elwan is Director, Development of the firm's international affiliate, Elwan Group Limited, based in Dubai. He also serves as a member of the Board of Tanqia FZC, the private wastewater utility developed and majority owned by Elwan Group Limited.

Darik Elwan holds a B.A. in Philosophy, Politics and Economics from Oxford University and a Master's degree in Middle Eastern Studies from Harvard University. He is a member of the Urban Land Institute.