Essential Properties Realty Trust, Inc. Announces Retirement of Paul T. Bossidy, Chairman of the Board, and Appointment of Scott A. Estes as New Board Chair
2023年11月13日 - 10:00PM
ビジネスワイヤ(英語)
Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential
Properties” or the “Company”) announced today that Paul T. Bossidy
has notified the Company of his intent to retire as Chairman
(“Chairman”) of the Company’s Board of
Directors (the “Board”), effective as
of December 31, 2023, after nearly 7 years as Chairman. Mr.
Bossidy’s retirement decision was not the result of any
disagreement with the Company on any matter relating to the
Company’s operations, disclosures, policies or practices. In
connection with Mr. Bossidy’s retirement, the size of the Board
will be reduced from eight members to seven members, and the Board
has appointed current Board member, Mr. Scott A. Estes, to become
the Board’s Chairman upon Mr. Bossidy’s retirement.
Mr. Mavoides, CEO and Director of the Company, commented, “Scott
has been a valuable member of our Board since our IPO and I am
confident he will do an excellent job in his new capacity as
Chairman of the Board. Scott brings a wealth of experience in
growing a sector-leading REIT.” Mr. Mavoides continued, “On behalf
of the entire EPRT team, I would like to thank Paul for his
significant contributions in helping take us from just a business
plan to the company that we are today. Personally, I want to thank
Paul for his mentorship to me over these years.”
Mr. Bossidy commented, “It has been a pleasure working with Pete
and this management team as they have executed on delivering
superior results for the Company’s stockholders. I believe the
Company is well-positioned to continue to deliver for stockholders
with Scott’s seasoned leadership of the Board of Directors.”
Mr. Estes commented, “I have enjoyed working closely with Paul
on the EPRT Board since our IPO in 2018 and wish him the best in
his future endeavors. I look forward to stepping into the role of
Board Chair and intend to work closely with both the Board and the
management team to continue the thoughtful stewardship of the
organization and sustain our track-record of value creation for our
stockholders.”
About Mr. Estes
Mr. Estes has over 29 years of REIT industry experience. He
served as Executive Vice President and Chief Financial Officer of
Welltower, Inc. (NYSE: WELL), a NYSE-listed, S&P 500
constituent REIT focused on healthcare infrastructure during his 14
year-tenure at the company. Mr. Estes currently serves as a member
of the board of trustees and audit committee chairman of JBG SMITH
Properties (NYSE: JBGS), an NYSE-listed REIT that owns, operates,
and develops a dynamic portfolio of mixed-use properties in and
around Washington D.C., and is also a member of the board of
directors and audit committee chairman of American Healthcare REIT
(OTCMKTS: AHTR), a self-managed, publicly registered, healthcare
REIT that owns and/or operates a diverse portfolio of healthcare
real estate assets.
About Essential Properties Realty Trust, Inc.
Essential Properties Realty Trust, Inc. is an internally managed
REIT that acquires, owns and manages primarily single-tenant
properties that are net leased on a long-term basis to companies
operating service-oriented or experience-based businesses. As of
September 30, 2023, the Company’s portfolio consisted of 1,793
freestanding net lease properties with a weighted average lease
term of 13.9 years and a weighted average rent coverage ratio of
4.0x. In addition, as of September 30, 2023, the Company’s
portfolio was 99.8% leased to 363 tenants operating 584 different
concepts in 16 industries across 48 states.
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version on businesswire.com: https://www.businesswire.com/news/home/20231113032604/en/
Investor/Media: Essential Properties Realty Trust, Inc. Robert
W. Salisbury, CFA Senior Vice President, Capital Markets
609-436-0619 investors@essentialproperties.com
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