Essential Properties Realty Trust, Inc. Announces Executive Promotions
26 Février 2024 - 10:10PM
Business Wire
Today, Essential Properties Realty Trust, Inc. (NYSE: EPRT) (the
“Company” or “EPRT”) announced the promotion of two executives. Max
Jenkins has been promoted to EVP, Head of Investments. AJ Peil, CFA
has been promoted to EVP, Head of Asset Management.
Pete Mavoides, the Company’s President and Chief Executive
Officer, said, “These promotions highlight the impressive
performance of two of our senior leaders and serve as recognition
for their contributions over their many years with the Company.
We’re pleased to have a deep bench of talented leaders, including
Max and AJ, at the Company, providing the foundation for our
differentiated platform to continue to maximize shareholder value
over the long-term.”
Mr. Jenkins joined the Company in 2018 and has served as Head of
Investments since April 2021. During his tenure as Head of
Investments, Mr. Jenkins has overseen a team of investment
professionals supporting the Company’s growth plans, managing the
sourcing and closing of transactions in excess of $2.5 billion.
Prior to joining EPRT, Mr. Jenkins served in the Army as an
Infantry Officer and Captain with the 75th Ranger Regiment where he
deployed in support of Operation Freedom’s Sentinel.
Mr. Peil joined the Company in 2017 and has served as Head of
Asset Management since that time. As Head of Asset Management, Mr.
Peil has overseen several vital functions for the Company,
including credit underwriting, asset management, and servicing.
Prior to joining EPRT, Mr. Peil served as the SVP and Head of
Credit for Spirit Realty Capital, a publicly-traded net lease REIT.
Mr. Peil also worked within the investment division of Spirit
Realty, sourcing and underwriting transactions in excess of $2
billion.
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
December 31, 2023, the Company’s portfolio consisted of 1,873
freestanding net lease properties with a weighted average lease
term of 14.0 years and a weighted average rent coverage ratio of
3.8x. In addition, as of December 31, 2023, the Company’s portfolio
was 99.8% leased to 374 tenants operating 588 different concepts in
16 industries across 48 states.
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version on businesswire.com: https://www.businesswire.com/news/home/20240226180555/en/
Investor/Media Essential Properties Realty Trust, Inc.
Robert W. Salisbury, CFA Senior Vice President, Head of Capital
Markets 609-436-0619 investors@essentialproperties.com
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