Names to Note

REIT magazine: January/February 2015

Agree Realty Corp. (NYSE: ADC) appointed Daniel Lovitz vice president of acquisitions. He will be primarily responsible for sourcing and underwriting retail net lease acquisitions in the southern half of the United States.

Behringer Harvard Opportunity REIT II, Inc. elected S. Jason Hall as CFO. Hall will continue to serve as senior vice president and chief accounting officer, positions he has held since September 2013, and treasurer, a position he has held since January 2012.

Boston Properties, Inc., (NYSE: BXP) said Mortimer Zuckerman completed his transition from executive chairman to non-executive chairman, as of Dec. 31, 2014. His term as a director will remain unchanged by the transition.

Daniel Palazzo was appointed as vice president and chief accounting officer of Brandywine Realty Trust (NYSE: BDN). Palazzo replaces Thomas Wirth as the company’s principal accounting officer. However, Wirth continues in the position of EVP and CFO.

Campus Crest Communities, Inc. (NYSE:CCG) announced several management changes. Ted Rollins resigned as chairman and CEO and will no longer be actively involved with the company. Richard Kahlbaugh, lead independent director, will serve as executive chairman and interim CEO. Donnie Bobbitt resigned as CFO. Bobbitt will remain as a transition advisor, reporting to Kahlbaugh. Scott Rochon has been named acting CFO in addition to his duties as chief accounting officer.

DDR Corp. (NYSE: DDR) announced that Daniel Hurwitz and the board of directors finalized a mutually agreed upon separation agreement whereby Hurwitz will remain an employee of the company until Feb. 14, 2015. Hurwitz relinquished his role as CEO and director of DDR at the end of 2014. 

Digital Realty Trust, Inc. (NYSE: DLR) appointed A. William Stein as CEO and as a member of the board of directors. Stein served as interim CEO since March 2014 and has served as the company’s CFO since July 2004, as well as its chief investment officer from 2004 until April 2014. 

Paul Bower retired as chairman of EdR’s (NYSE: EDR) board of directors, after a 45-year career with the company. EdR president and CEO Randy Churchey will replace Bower as chairman. Tom Trubiana, EdR’s executive vice president and chief investment officer, will assume the role of president and will join the board of directors.

Empire State Realty Trust, Inc. (NYSE: ESRT) named Andrew Prentice the company’s principal accounting officer. Prentice joined the company as chief accounting officer in 2012.

Essex Property Trust, Inc. (NYSE: ESS) appointed John Farias as group vice president, chief accounting officer and principal accounting officer. Farias was previously chief accounting officer at Starwood Waypoint Residential Trust (NYSE: SWAY).

Mack-Cali Realty Corp. (NYSE: CLI) said president and CEO Mitchell Hersh will resign his positions at the company’s annual meeting in May 2015 and will not stand for re-election to the board of directors. Hersh will remain in his current positions until his departure and will support the board’s search process to help with the transition.

New York REIT, Inc. (NYSE: NYRT) announced the appointment of company president Michael Happel to the role of CEO. William Kahane will become executive chairman.

SL Green Realty Corp. (NYSE: SLG) said treasurer and chief accounting officer Matthew DiLiberto replaced James Mead as CFO after his employment agreement expired on Jan. 1, 2015.

Nina Tran, CFO of Starwood Waypoint Residential Trust (NYSE: SWAY) and its manager, SWAY Management LLC., will assume the responsibilities of chief accounting officer.

Ryan Hanks stepped down as COO and chief investment officer of Trade Street Residential Inc. (NASDAQ: TSRE). Hanks will continue in a consulting capacity until the company’s board of directors completes its review of strategic alternatives.

Ventas, Inc. (NYSE: VTR) appointed Robert Probst, EVP and CFO, to also serve as acting chief accounting officer. Probst replaces Richard Schweinhart, the company’s former EVP, CFO and acting chief accounting officer, who retired at the end of 2014.

W. P. Carey Inc. (NYSE: WPC) said director emeritus Francis Carey died at the age of 88. Carey served the company as a board member and senior officer since its founding in 1973. He became director emeritus in 2014.

Column/Department: 

Sign me up for a FREE print subscription of REIT magazine.