– USA, NY – Essential Properties Realty Trust, Inc. (NYSE: EPRT) today announced the appointment of Scott Estes as next Chairman of the Board of Directors, to succeed Paul Bossidy who will retire from the Board effective as of December 31, 2023.
“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,” said CEO, Mr. Mavoides.
About Scott A. Estes
Mr. Estes has over 29 years of REIT industry experience. He served as EVP and CFO of Welltower, Inc. (NYSE: WELL), an 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 (OTC: AHTR), a self-managed, publicly registered, healthcare REIT that owns and/or operates a diverse portfolio of healthcare real estate assets.
Scott Estes said, “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 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.
SOURCE: https://essentialproperties.com/
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