ORLANDO,
Fla., Nov. 21, 2023 /PRNewswire/ -- NNN REIT,
Inc. (NYSE: NNN), a real estate investment trust, today announced
that Christopher P. Tessitore,
Executive Vice President and General Counsel, will retire effective
January 1, 2024. Gina M. Steffens will succeed Mr. Tessitore as
Executive Vice President and General Counsel. Ms. Steffens
will join the company as of November 30,
2023.
Mr. Tessitore has served as Executive Vice President of the
Company since January 2007, as
General Counsel since February 2006
and as Secretary since May 2006. He
also previously served as Senior Vice President and Assistant
General Counsel of the Company from 2005 to 2006. Prior to
March 2005, Mr. Tessitore was a
shareholder at the law firm of Lowndes, Drosdick, Doster, Kantor
& Reed, P.A. Mr. Tessitore previously served on the board of
directors of Elevate Orlando and as the lead director and on the
executive committee of BETA Center, Inc.
Steve Horn, Chief Executive
Officer, commented: "We are grateful to Chris for his more than 18
years of dedicated service to NNN's shareholders, associates, board
of directors and tenants. He has been an integral part of the
growth of NNN, navigating our legal efforts with a steady hand,
sound judgment and an innate skill for solving complex issues. I am
excited about the future of NNN and am pleased to add a vital team
member of Gina's caliber to help us guide the company as we move
forward."
Ms. Steffens joins NNN with extensive public and private company
experience. She was most recently Chief Executive Officer of PHM
Brands. Previously she was Chief Legal Officer at PHM Brands,
General Counsel of Real Capital Solutions, Assistant General
Counsel and Senior Director at Vail Resorts Management Company and
Senior Counsel and Director at Regency Centers Corporation. Her
prior experience includes positions with the law firms Foley &
Lardner, LLP as well as Lowndes, Drosdick, Doster, Kantor &
Reed, P.A. Ms. Steffens is a graduate of the University of Florida and earned her Juris Doctor
at the George Washington University Law
School.
Mr. Tessitore, commented: "I am honored to have served on the
NNN executive team and to have helped lead NNN over the last 18
years. I am excited Gina is joining NNN and know that her
excellent reputation, extensive experience, and proven track record
of dedication and innovation will make her a valuable addition to
the executive team."
NNN REIT invests primarily in high-quality retail properties
subject generally to long-term, net leases. As of
September 30, 2023, the company owned
3,511 properties in 49 states with a gross leasable area of
approximately 35.8 million square feet and a weighted average
remaining lease term of 10.1 years. NNN is one of only three
publicly traded REITs to have increased annual dividends for 34 or
more consecutive years. For more information on the company, visit
www.nnnreit.com.
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SOURCE NNN REIT, Inc.