Pebblebrook Hotel Trust announced the election of Nina P. Jones and Bill Bayless to the Board of Trustees. Nina P. Jones's election is effective March 1, 2026. Bill Bayless is expected to join the Board during the fourth quarter of 2026.
Nina P. Jones retired from T. Rowe Price, where she most recently served as Vice President, Portfolio Manager of the U.S. Real Estate Equity Strategy. She has more than 15 years of real estate investing experience at T. Rowe Price, also serving as Portfolio Manager of the Global Real Estate Equity Strategy and as the global team leader for real estate. Before T. Rowe Price, Nina P. Jones worked as a Senior Associate for KPMG LLP.
She earned her BS in accounting and finance from the University of Maryland and her MBA from Columbia University's Graduate School of Business. She also earned the Certified Public Accountant designation. Nina P. Jones currently serves as a director of Simon Property Group and is a member of its audit committee.
She also serves as a trustee of Equity Residential and is a member of its audit committee and the chair of its corporate governance committee. Bill Bayless is the Chief Executive Officer of Maslow Campus Communities and a widely recognized real estate operator and capital markets leader who helped build and institutionalize the modern student housing sector. Over his more than 35-year career, he has been involved in nearly $30 billion in real estate transactions.
He co-founded American Campus Communities, a REIT, and led its growth from an early-stage platform into the first publicly traded student housing company. In 2022, he helped lead that company?s nearly $13 billion sale to Blackstone. Bill Bayless has served in leadership roles across the REIT and multifamily industries, including on the Board of Governors of Nareit and within the National Multifamily Housing Council.
He has been recognized for innovation and leadership, including as Ernst & Young National Entrepreneur of the Year (Real Estate, Construction & Hospitality - 2017). Pebblebrook Hotel Trust also announced the adoption of a new principles-based board refreshment framework, designed to balance planned refreshment with ongoing evaluation to tailor the Board of Trustees' composition to Pebblebrook?s strategic outlook. The Company?s Nominating and Corporate Governance Committee will oversee the framework.
Highlights of the new framework include annual Board composition review to evaluate independence, tenure mix, skills coverage, engagement, committee needs and company context; targeting average independent trustee tenure of 12 years or less by the 2027 Shareholder Meeting; annual refresh of the Board skills/experience matrix to score the Board against the Company?s forward priorities and to define any need for temporary flexibility; a rolling, multi-year succession plan to identify anticipated transitions, desired capability additions and onboarding sequencing; annual Board, Committee, and individual evaluations to review assessment evaluations and the overall compositions of the Board; and refreshment execution to implement planned transitions. To align with the Company?s 12-year average independent trustee tenure goal, Ron E. Jackson has announced that he will not stand for re-election at the 2026 Annual Meeting of Shareholders. In addition, one other current Pebblebrook independent trustee is expected not to stand for re-election at the 2027 Annual Meeting of Shareholders.
