11/22/2022 | by

Essex Property Trust, Inc. (NYSE:ESS) announced the planned retirement of Michael Schall, the company’s president and CEO since 2011, effective March 31, 2023. Thereafter, Schall will continue to serve on the company’s board of directors and will remain on as a part-time employee. Angela Kleiman, the company’s senior executive vice president and COO, has been named to succeed Schall as president and CEO.

Healthpeak Properties, Inc. (NYSE: PEAK) appointed Scott Brinker, the company’s president and chief investment officer, as president and CEO. He succeeds Tom Herzog, who mutually agreed to step down as CEO and from the board to pursue other endeavors.

Hersha Hospitality Trust (NYSE: HT) announced that its founder, Hasu Shah, intends to retire as chairman of the board of trustees on Dec. 31, after 38 years with the company. As part of the planned succession, the board has selected CEO Jay Shah to become executive chairman, and President and COO Neil Shah to become president and CEO and join the board of trustees, both appointments effective as of Jan. 1, 2023. Hersha will be eliminating the role of COO.

Anya Coverman was named president and CEO of the Institute for Portfolio Alternatives. Over the past five years, Coverman has served as the IPA’s SVP of government affairs and general counsel. Prior to joining the IPA in 2017, she was the deputy director of policy and associate general counsel at the North American Securities Administrators Association (NASAA).

Prologis, Inc. (NYSE: PLD) said Global Head of Deployment Dan Letter will assume the role of president and Chief Investment Officer Gene Reilly will become vice chairman of the global real estate firm, effective Jan. 1, 2023. Letter, who has been with Prologis since 2004, will be responsible for the company’s global real estate operations and capital deployment activities. Reilly, who has been with Prologis since 2003, will remain on Prologis’ executive committee and serve as a senior advisor to Prologis CEO and co-founder Hamid Moghadam.

John McLaren resigned from his positions as president and COO of Sun Communities, Inc. (NYSE: SUI) effective Dec. 31. McLaren will remain with Sun as its EVP of entitlement and integration for MH Development, where he will focus on entitling and integrating new manufactured housing developments. Gary Shiffman, the company’s current CEO, will assume the additional role of president. Sun also appointed Bruce Thelen as its COO and EVP, effective Dec. 31. Thelen joined the company in January 2018 and currently serves as EVP, operations and sales.

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced the appointment of Michael Bilerman as EVP, CFO, and chief investment officer. He is expected to join the company in the fourth quarter of 2022. Bilerman most recently served as managing director at Citi, leading the firm’s global real estate investment research franchise, while also managing the U.S. real estate and lodging team.

UMH Properties, Inc. (NYSE: UMH) said Eugene Landy, founder and chairman of the board, was inducted into the RV/MH Hall of Fame.

Ventas, Inc. (NYSE: VTR) said Chairman and CEO Debra Cafaro was awarded the Women Corporate Directors (WCD) 2022 Visionary Award for Strategic Leadership, celebrating individuals who exhibit an exceptional commitment to diversity, inclusion, and women’s authority in the boardroom.

Ventas also said that Sumit Roy, president and CEO of Realty Income Corporation (NYSE: O) has been appointed as an independent member of the Ventas board of directors, and will serve on the investment committee.

Meanwhile, Molly McEvily has joined Ventas as vice president, corporate communications. McEvily joins Ventas from Citadel, a leading global alternative investment firm with more than $50 billion in investment capital. She most recently held the title of COO, global affairs and served in a number of other key roles over more than ten years at Citadel.

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