Wheeler Real Estate Investment Trust, Inc. Appoints John W. Sweet to Its Board of Directors
October 06 2016 - 8:30AM
Wheeler Real Estate Investment Trust, Inc.
(NASDAQ:WHLR) (“Wheeler” or the “Company”), a company specializing
in owning, acquiring, financing, developing, renovating, leasing
and managing income producing assets, such as community centers,
neighborhood centers, strip centers and free-standing retail
properties, today announced that it has appointed John W. Sweet to
the Company’s Board of Directors, effective October 5, 2016. Mr.
Sweet will also serve on Wheeler’s Board of Directors’ Finance and
Investment Committees. Mr. Sweet has over 40 years of financial and
organizational management experience in executive management
positions within the real estate, banking, and finance industries.
As of Mr. Sweet’s appointment, Wheeler’s Board has nine members
with seven of those members being independent.
Mr. Sweet is the co-founder and Chief Investment
Officer at Physicians Realty Trust (NYSE:DOC), a self-managed
healthcare real estate investment trust. In this position, Mr.
Sweet is responsible for managing and monitoring investment
activity, working with external analysts and developing strategic
asset-allocation plans. Prior to joining Physicians Realty Trust,
Mr. Sweet was a Managing Director for the privately owned,
full-service, specialty investment firm, Ziegler. While at Ziegler,
Mr. Sweet assisted in the financing and then management of a
medical office building investment fund which became the initial
core portfolio for Physicians Realty Trust. In 2002, Mr. Sweet also
cofounded Windrose Medical Properties Trust, a publicly traded
medical office REIT that was sold to Healthcare REIT in 2006.
Mr. Sweet received a Bachelor of Business
Administration from St. John Fisher College and a Master of
Business Administration from Rochester Institute of Technology.
Jon S. Wheeler, Chairman and CEO, stated, “We
are delighted to welcome John to the Company’s Board of Directors.
John brings with him a deep understanding of real estate investment
trusts and has earned great success in his career. We are confident
that his knowledge of the capital markets and strong background in
real estate will lend itself nicely to the Company’s Board and that
his leadership skills will make a valuable contribution to our
team.”
About Wheeler Real Estate Investment
Trust Inc.Headquartered in Virginia Beach, VA, Wheeler
Real Estate Investment Trust, Inc. is a fully-integrated,
self-managed commercial real estate investment company focused on
acquiring and managing income-producing retail properties with a
primary focus on grocery-anchored centers. Wheeler’s portfolio
contains well-located, potentially dominant retail properties in
secondary and tertiary markets that generate attractive
risk-adjusted returns, with a particular emphasis on
grocery-anchored retail centers.
Additional information about Wheeler Real Estate
Investment Trust, Inc. can be found at the Company’s corporate
website: www.whlr.us.
CONTACT:
Wheeler Real Estate Investment Trust, Inc.
Wilkes Graham
Chief Financial Officer
(757) 627-9088
wilkes@whlr.us
Laura Nguyen
Director of Capital Markets
(757) 627-9088
lnguyen@whlr.us
Robin Hanisch
Corporate Secretary
(757) 627-9088
robin@whlr.us
-OR-
INVESTOR RELATIONS:
The Equity Group Inc.
Terry Downs
Associate
(212) 836-9615
tdowns@equityny.com
Adam Prior
Senior Vice-President
(212) 836-9606
aprior@equityny.com
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