Spirit Realty Capital Announces New President and Chief Operating Officer
July 26 2016 - 4:18PM
Spirit Realty Capital, Inc. (NYSE:SRC) (“Spirit” or the “Company”),
a net lease real estate investment trust (REIT) that invests in
single-tenant, operationally essential real estate, today announced
that Jackson Hsieh has been hired for the role of President and
Chief Operating Officer effective September 7, 2016.
“Today’s executive appointment demonstrates our
ongoing commitment to position Spirit Realty for continued success
by further strengthening the depth of our executive leadership
team. Jackson is an accomplished leader with more than 25 years of
relevant real estate industry experience, making him an excellent
addition to our Company. Having had a strong working relationship
with Jackson for many years, I know he possesses many of the
critical attributes that are important for this role and I am
excited to have him join us,” stated Thomas H. Nolan, Jr., Chairman
and Chief Executive Officer. “I believe that with the addition of
Jackson, along with our experienced executive team, Spirit is well
positioned for future growth and I expect us to achieve our goal to
become one of the premier industry leaders in the triple-net lease
REIT sector.”
As President and Chief Operating Officer, Mr.
Hsieh will work directly for Chairman and Chief Executive Officer
Tom Nolan, and have oversight responsibility for credit
underwriting, new investments, and portfolio and asset management.
Mr. Hsieh will be relocating to Dallas, Texas. He joins Spirit from
Morgan Stanley (NYSE:MS), where he serves as Managing Director and
a Vice Chairman of Investment Banking, primarily focusing on the
firm's real estate clients. Prior to rejoining Morgan Stanley,
Jackson was Vice Chairman and Sole/Co-Global Head of UBS's Real
Estate Investment Banking Group, managing a team of over 70
professionals in six offices worldwide. During his career,
including a prior period at Morgan Stanley and tenures at Bankers
Trust Company and Salomon Brothers, Inc., he served as senior lead
banker on over $285 billion of real estate and lodging
transactions. Mr. Hsieh is a graduate of the University of
California at Berkeley (1983), and earned a master's degree from
Harvard University (1987).
About Spirit Realty
CapitalSpirit Realty Capital, Inc. (NYSE:SRC) is a premier
net-lease real estate investment trust (REIT) that invests in and
manages a portfolio primarily of single-tenant, operationally
essential real estate assets throughout the United States.
Single-tenant, operationally essential real estate generally refers
to free-standing, commercial real estate facilities where our
tenants conduct business activities that are essential to the
generation of their sales and profits. Our properties are
frequently acquired through strategic sale-leaseback transactions
and are predominantly leased on a long-term, triple-net basis to
high-quality tenants.
Founded in 2003, we are an established net-lease
REIT with a proven growth strategy and a seasoned management team
focused on producing superior risk adjusted returns. As of March
31, 2016, our undepreciated gross real estate investment portfolio
was approximately $8.25 billion, representing investments in 2,610
properties, including 143 properties securing mortgage loans made
by the Company. Our properties are leased to approximately 435
tenants who represent 28 diverse industries across 49 states.
More information about Spirit Realty Capital can
be found on the investor relations section of the Company's website
at www.spiritrealty.com.
Investor Contact:
(480) 315-6634
InvestorRelations@spiritrealty.com
Media Contact:
646-277-1249
Jason Chudoba
Morgan Stanley (NYSE:MS)
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