Names To Note

1/29/2014 | By Sarah Borchersen-Keto

Published in the January/February 2014 issue of REIT magazine.


American Realty Capital Properties, Inc. (NASDAQ: ARCP) named David Kay president. Prior to his appointment, Kay served as chief investment officer and chief financial officer of Capital Automotive Real Estate Services, Inc. Also, Lisa Beeson has joined American Realty Capital Properties as chief operating officer. Most recently, Beeson held the position of managing director and head of global real estate M&A at Barclays. Beeson will take over for Brian Jones, who will continue to serve as part of the executive leadership team in the American Realty Capital group. In addition, Lisa Pavelka McAlister has been appointed chief accounting officer.

American Residential Properties, Inc. (NYSE: ARPI) announced the resignation of Andrew Kent as senior vice president of investments, chief compliance officer, general counsel and secretary.

Annaly Capital Management, Inc. (NYSE: NLY) announced the resignation of Jeremy “Jay” Diamond from his position as managing director and head of research and corporate communications.

Thomas Sargeant, CFO of AvalonBay Communities, Inc. (NYSE: AVB), will retire from the company effective May 31, 2014. He has held the position for the last 19 years. Sargeant will be replaced by Kevin O’Shea, the company’s executive vice president of capital markets.


Aviv REIT, Inc. (NYSE: AVIV) has hired Mark Wetzel as chief financial officer and treasurer. Wetzel will replace James Lyman.

MAA (NYSE: MAA) named Robert DelPriore executive vice president and general counsel. DelPriore was most recently a shareholder with Baker, Donnelson, Bearman, Caldwell & Berkowitz, PC.

CyrusOne Inc. (NASDAQ: CONE) reported the resignation of COO Michael Duckett. His former responsibilities will be absorbed by other officers of the company.

Home Properties, Inc. (NYSE: HME) appointed two new directors, Michael Barnello and Bonnie Biumi, bringing the company’s total number of board members to eight. Barnello has been president and CEO of LaSalle Hotel Properties (NYSE: LHO) since 2009. Biumi previously served as president and chief financial officer of Kerzner International Resorts, Inc.

Liberty Property Trust (NYSE: LRY) General Counsel James Bowes died late last year after a battle with advanced-stage lung cancer. Bowes was with the company since 1996.

Preferred Apartment Communities, Inc. (NYSE: APTS) promoted John Isakson to chief capital officer. Isakson, who has served in a number of executive management roles since the company’s IPO, will remain on the company’s investment committee and continue to oversee its asset management functions.


Realty Income Corp. (NYSE: O) named Sumit Roy chief investment officer. Roy served most recently as executive vice president of acquisitions, implementing the company’s expanded acquisitions strategy of increasing the size, quality and diversity of its real estate portfolio.



Other Features

REIT Industry Names to Note
Broadstone Real Estate Co-Founder Norman Leenhouts Dies at Age 81 Broadstone Real Estate, LLC announced the death of co-founder and senior advisor...
REIT Industry Names to Note
Ashford Hospitality Prime, Inc. (NYSE: AHP) appointed Richard Stockton as CEO. Monty Bennett , the previous CEO, remains chairman of Ashford Prime...
Names to Note
Kilroy Realty Founder Jim Kilroy Dies at 94 John B. “Jim” Kilroy, Sr., founder of Kilroy Realty Corp . (NYSE: KRC), died on Sept. 29 at the age of 94...
REIT Industry Names to Note
Capstead Mortgage Corp . (NYSE: CMO) announced that Andy Jacobs has resigned as president and CEO of the company. He had been with the company for 28...
REIT Names to Note
Acadia Realty Trust (NYSE: AKR) said John Gottfried will succeed Jon Grisham as CFO. Grisham previously announced his intention to retire. Boston...
REIT Industry Names to Note
American Capital Mortgage Investment Corp . (NASDAQ: MTGE) and American Capital Agency Corp . (NASDAQ: AGNC) said their board elected Gary Kain, the...
REIT Industry Names to Note
Agree Realty Corporation (NYSE: ADC) announced the appointment of Matthew Partridge as executive vice president, secretary and CFO. Annaly Capital...
REIT Industry Names to Note
Brandywine Realty Trust (NYSE: BDN) President and CEO Jerry Sweeney was recognized for his contributions to the economy of the city of Philadelphia...
REIT Industry Names to Note
Agree Realty Corp . (NYSE: ADC) appointed Craig Willian as vice president responsible for managing the company’s diligence team as well as...
REIT Industry Names to Note
Annaly Capital Management, Inc . (NYSE: NLY) announced it has appointed Kevin Keyes as CEO, replacing co-founder Wellington Denahan . Keyes will...