What is Your Top Priority in Your First Year as CEO?

REIT magazine: November/December 2019

Tamara Fischer, President & CFO, National Storage Affiliates Trust (NYSE: NSA)
Becomes CEO on Jan. 1, 2020

"I am fortunate to step into the role of CEO by way of a seamless transition to take the reins of an extremely well-run, growth-oriented company. NSA has multiple strategies and supporting platforms in place to drive growth and has demonstrated its capacity to execute on those strategies by delivering sector-leading results on every key metric. However, one area where I do see an opportunity to improve is related to our environmental, social, and governance (ESG) initiatives.

In my new role as CEO of NSA, I intend to set a tone which will emphasize the importance of our commitment to corporate responsibility initiatives. We have a demonstrated commitment to our employees, our communities, and strong corporate governance; however, I believe there is an opportunity to further improve our current ESG initiatives, while enhancing our communication of these efforts to all of our stakeholders.”

Lisa Palmer, President, Regency Centers (NASDAQ: REG)
Becomes CEO on Jan. 1, 2020

"In my first year, I will be focused on ensuring that Regency doesn’t miss a step in the journey the company has been walking for over 55 years. Regency’s proven strategy and ability to evolve and adapt to the ever-changing retail landscape have allowed us to deliver superior results over the long term; developing a reputation of delivering these results while being committed to doing what is right.

My priority is to simply keep the company moving forward on that journey—leading our exceptional team through a continued dedication to excellence, innovation, and ongoing process improvements while nurturing our special culture and remaining committed to our unwavering standards of honesty, integrity, and transparency.”

C. Brent Smith, President & CEO, Piedmont Office Realty Trust (NYSE: PDM)
Became CEO on July 1, 2019

"My top priority this year is to maximize collaboration across every aspect of Piedmont’s business, from external customer-facing roles to internal corporate-level functions.

Today, office real estate companies have to create unique place-making environments, operate at an ever-increasing pace and utilize new avenues of tenant and building data to make informed decisions and achieve measurable results.

Collaboration means that each party values the other’s objectives, and that’s what ultimately creates a better solution. Piedmont collaborates across eight cities, 55 buildings, 140 employees, approximately 700 tenants, and thousands of third-party vendors, but it all starts with us having a clearly defined mission, transparent accountability, and tireless communication.

Michael Jordan once said: ‘Talent wins games, but teamwork and intelligence win championships.’ These words hold true in sports, business, and life. Your ‘team’ can be the 1996 Chicago Bulls, or develop, own, and operate a 17 million square foot office portfolio. In both instances, collaboration determines long-term success.”