Each month, Nareit highlights recent executive career moves, board changes, and other notable individual achievements within the REIT and publicly listed real estate market.
If you would like Nareit to share your news, please get in touch here.
Americold Realty Trust (NYSE: COLD) announced a series of executive leadership appointments that are part of the company’s ongoing strategy to enhance operational execution, deepen customer relationships, and unlock global growth opportunities. Americold has created a new executive role, president, and appointed Rob Chambers to the position. Chambers, who has 12 years of progressive leadership experience at Americold, will oversee global operations for the company. Bryan Verbarendse succeeds Chambers as president, Americas. Verbarendse joined Americold in August 2023. Richard Winnall will assume oversight of the Global Commercial Committee and Operations Committee in close partnership with president, Americas. Winnall joined the REIT in 2019.
Armada Hoffler (NYSE: AHH) said A. Russell Kirk will retire from the board of directors. Kirk has been an integral part of Armada Hoffler since 1983, the REIT said, having served in various leadership roles over a 30-year executive career before joining the board in connection with the company’s initial public offering in 2013. The REIT also said that Eva Hardy, who has served on the board since 2015 and as lead independent director since 2022, will retire in accordance with the mandatory retirement age policy.
CareTrust REIT, Inc. (NYSE:CTRE) announced the hiring of Roger Laty, who joins CareTrust as senior vice president of tax, and Derek Bunker, who joins as senior vice president of strategy and investor relations. Most recently, Laty served for 12 years as vice president - tax at UDR, Inc. (NYSE: UDR). Bunker previously served as chief investment officer and executive vice president of The Pennant Group.
Equity Residential (NYSE: EQR) announced changes to its executive management team. Robert Garechana, currently the company’s executive vice president and CFO, will assume the role of executive vice president and chief investment officer. Alexander Brackenridge, currently executive vice president and chief investment officer, will transition to executive vice president – investments and retire at the end of 2025. Garechana joined Equity Residential in 2004 and has served as the REIT’s CFO and a member of the executive and investment committees since September 2018. Brackenridge joined the company in 1993 and has served as chief investment officer since September 2020.
Bret McLeod will join the company in July as executive vice president - finance and assume the CFO role on Aug. 7. McLeod currently serves as executive vice president and CFO of Great Wolf Resorts.
FrontView REIT (NYSE: FVR) announced the appointment of Pierre Revol to serve as the company’s CFO, effective July 21. Most recently, Revol served as senior vice president of capital markets at CyrusOne.
Global Medical REIT Inc. (NYSE: GMRE) announced the appointment of Mark Decker, Jr. as the company’s CEO and president. Decker, who will join the board of directors, succeeds Jeffrey Busch, who will continue to serve on the board as non-executive chairman. Decker joins the REIT from Proterra Investment Partners, where he founded and co-led their net lease real estate investment strategy. Prior to Proterra, he served as president, CEO, trustee and chief investment officer at Centerspace (NYSE:CSR) for almost seven years.
Lineage, Inc. (Nasdaq: LINE) announced the planned retirement of its CFO Rob Crisci. The company has started the process of identifying a successor for the position. Crisci will continue as CFO until a successor is in place and will remain with Lineage through a subsequent transition period. He joined Lineage in April 2023 in advance of the REIT’s initial public offering, which launched in July 2024.
Office Properties Income Trust (Nasdaq: OPI) said it has elected Timothy Pohl to its board of trustees as an independent trustee. Pohl is the founder of TRP Advisors, LLC, where he advises companies, financial institutions, and private equity firms on distressed situations, portfolio challenges, and acquisition opportunities, OPI noted.
Postal Realty Trust, Inc. (NYSE: PSTL) said Robert Klein notified the company of his intention to resign as CFO in order to accept a position with a privately-held real estate company. Jeremy Garber, the company’s president, treasurer, and secretary will serve as interim CFO while the REIT conducts a search process for a permanent successor. Klein will initially continue as an employee of the company and subsequently work as a consultant, working closely with the leadership team to ensure a smooth transition. Garber has been with the REIT since its founding and was instrumental in preparing the company for the public markets, Postal Realty Trust said.
Rick Matros, the chair and CEO of Sabra Health Care REIT, Inc. (Nasdaq: SBRA), thanked Clifton Porter II for his five years of board service with the company. “We look forward to continuing to work with Clif in his capacity as the president and CEO of the American Health Care Association/National Center for Assisted Living (AHCA/NCAL), where we know he will continue to provide great leadership for the healthcare industry,” Matros said.