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GBX Group appoints Lynne Winings as President


GBX Group appoints Lynne Winings as President

PR Newswire

CLEVELAND, Aug. 28, 2018 /PRNewswire/ -- Lynne Winings, President of Strategic Operations & Chief Financial Officer at GBX Group LLC, has been named President of the company. 

Lynne Winings, President, GBX Group LLC

GBX is a leading Cleveland-based real estate investment company specializing in historic properties.

In making the announcement, Drew Sparacia, Chief Executive Officer, said, "Since joining us in 2011, Lynne has acquired a deep understanding of the financial and technical aspects of our business. Over the last two years, she has played a vital role in developing and driving our business model. Most importantly, Lynne has established herself as a trusted leader and the 'go to' person on a broad range of issues."

In her new position, Winings will be responsible for general operations, investor relations and financial reporting of the company. She will also share responsibilities for the strategic finance and originations roles with Sparacia.   

A search is underway for a new Chief Financial Officer who will report directly to Winings.

Winings joined GBX as Director of Finance and quickly rose to become Chief Financial Officer. In her most recent role, she managed the financial performance of the company, and assisted with developing and overseeing the strategic initiatives of the firm. Her analytical skills have played an integral role in transaction analysis and execution.

Prior to joining GBX, Winings was Director of Finance at RIK Enterprises, LLC where she managed the company's financial reporting, investment strategies and asset allocation. She previously served as an analyst in the private equity industry.

A graduate of Middlebury College with a Bachelor of Arts degree in economics, she received her MBA in business administration from Case Western Reserve University.

About GBX Group LLC

GBX Group LLC focuses on acquiring historic real estate in urban markets that have significant tax and other incentives available to them. For more than 17 years, the company has specialized in helping taxpayers use their tax liabilities to fund investments in real estate projects with targeted federal, state, and local incentives. Since its founding in 2001, GBX has completed over 100 projects in 14 states. The company recently relocated to its new corporate headquarters in the renovated Empire Improvements Building at 2101 Superior Avenue in Cleveland. For more about GBX, visit


Regina Baker

Vice President of Marketing

Office: 216-241-6689


(PRNewsfoto/GBX Group LLC)

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