– USA, CO – Apartment Income REIT Corp., aka AIR Communities (NYSE: AIRC) today announced the nominations of Tom Bohjalian, Kristin Finney-Cooke, and Maggie Paláu-Hernández for election to its Board as independent directors at AGM in December.
“We are pleased to nominate three experienced and talented people to the AIR Board of Directors,” said Board Chairman, Tom Keltner. “We set out to find directors who met our criteria, including breadth and depth of experience, knowledge, skills, expertise, integrity, ability to make independent analytical inquires, and an understanding of AIR’s business environment. Tom, Kristin, and Maggie bring deep real estate, investment, and governance expertise and a broad and diverse range of perspectives and backgrounds to the Board, and we are eager to add them to the team. Their nomination exemplifies and continues AIR’s commitment to best-in-class corporate governance and our focus on regular board refreshment.”
Terry Considine, director, and CEO said: “As part of the separation of AIR from Aimco, the AIR Board committed to simplification of its business, reduction of execution risk, lowering leverage, and being the most efficient way to invest in multi-family properties. We also committed to refresh the board. Today’s announcement is one more confirmation of ‘promises made, promises kept.’”
About Tom Bohjalian
Tom Bohjalian has over 30 years of real estate and finance experience. In June of 2021, Mr. Bohjalian retired from Cohen & Steers, a $96B global asset manager focused on listed Real Assets, where he had spent the past 20 years. Mr. Bohjalian was EVP/Senior Portfolio Manager, the Head of U.S. Real Estate and Trading departments, and responsible for investment decisions for $40B of the firm’s assets. During his tenure at Cohen & Steers, he was responsible for two 5-Star Morningstar ranked funds, was a five-time winner of the Lipper Fund of the year award and consistently ranked in the top decile of all real estate fund managers.
Mr. Bohjalian is a Chartered Financial Analyst, a member of the New York Society of Security Analysts, and a graduate of Northeastern University (B.S. in Business Administration and M.B.A.).
About Kristin Finney-Cooke
Ms. Finney-Cooke has enjoyed a 23-year career in investment management, for the past 11 years as a Senior Consultant in the NEPC Chicago office where she provides investment advice to large asset pools on investment policy development, asset-liability modeling, asset allocation, investment manager selection, and performance monitoring. In addition to her role as a lead consultant with clients, she is the Co-Chair of the Diverse Manager Advisory Committee. Before joining NEPC, Ms. Finney-Cooke spent six years at Mercer where she was a Principal and provided investment consulting services to a large public, endowment, healthcare, and corporate fund clients, including three years as the National Public Fund Segment Leader. Preceding Mercer, Ms. Finney-Cooke spent six years at Credit Suisse First Boston. Kristin is a Chartered Alternative Investment Analyst designee, a frequent speaker at conferences, and testifies annually at the Illinois State Senate Hearings on behalf of her clients. In addition to her professional responsibilities, Ms. Finney-Cooke serves as a member of the Board of Trustees and is the Investment Committee Chair for Chicago State University Foundation, a member of the Board of Trustees for the Ann & Robert H. Lurie Children’s Hospital of Chicago Medical Center as well as a member of the Economic Club of Chicago.
She holds an M.B.A. in Finance and Accounting from the University of Chicago and a B.S. from Howard University.
About Maggie Paláu-Hernández
Ms. Paláu-Hernández is the founder and CEO of Hernández Ventures, a privately held enterprise involved in Spanish-language media, business, and real estate ventures. Ms. Paláu-Hernández serves on the boards of directors of Occidental Petroleum, Xerox Holdings Corporation, and Conduent Incorporated. She previously served on the boards of Herbalife Nutrition, Ltd. (2018 to 2021) and ALJ Regional Holdings, Inc. (2015 to 2019). In September of 2018, Ms. Paláu-Hernández was nominated to serve as a representative of the United States of America to the Seventy-third Session of the General Assembly of the United Nations with the personal rank of Ambassador. Before founding Hernandez Ventures, Ms. Paláu-Hernández was an attorney with the law firm of McCutcheon, Black, Verleger & Shea (1985-1988) where she specialized in real estate transactions. In addition to her professional responsibilities, Ms. Paláu-Hernández serves as Chair of the Yale School of Management Council of Global Advisors, as a member of the Board of Trustees of the National Museum of the American Latino at the Smithsonian and on the Ronald Reagan UCLA Medical Center Board of Advisors. Ms. Paláu-Hernández was born in Mexico where she received her primary and secondary education.
She completed her education in the United States, earning a bachelor’s degree, magna cum laude, from the University of San Diego and a Juris Doctor degree from UCLA School of Law.
About AIR
AIR is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States. AIR is one of the country’s largest owners and operators of apartments, with 96 communities in 12 states and the District of Columbia. AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC and are included in the S&P 400.
For more information: https://www.aircommunities.com
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