Plymouth Industrial REIT, Inc. Announces Board Appointments
February 20, 2015 at 02:37 pm EST
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On February 17, 2015, the Board of Directors of Plymouth Industrial REIT, Inc. increased the size of the Board from eight to eleven members and appointed Messrs. Martin Barber, Darren R. Bertram and Michael G. Reiter to fill the vacancies created by the increase in the size of the Board. Unless previously removed as described below, each of Messrs. Barber, Bertram and Reiter will stand for election at the company's 2015 annual meeting of stockholders and will receive the same compensation as other non-employee directors of the Company as described in the Company's 2014 proxy statement. Mr. Barber is currently a director of several companies in the United States and the United Kingdom and manages personal investments. Mr. Barber's previous experience includes co-founding and serving as chairman of CenterPoint Properties Trust, Inc. Mr. Bertram is the Chief Executive Officer of Nevada Hospice and Palliative Care, Inc. Mr. Reiter has extensive real estate, capital markets and financial experience with public listed and non-listed REITs and private funds. He began his career as a CPA with Ernst &
Young. Each of these directors was elected to the Board pursuant to an agreement entered into among the Company and certain investment entities managed or advised by Senator Investment Group LP.
Plymouth Industrial REIT, Inc. is a full service, vertically integrated, self-administered and self-managed real estate investment trust. The Company is focused on the acquisition, ownership, management, redevelopment and development of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets, as well as select sub-markets in United States. Its portfolio consists of approximately 156 industrial properties comprising over 211 buildings located in 12 states, with an aggregate of approximately 34.0 million rentable square feet. It owns substantially all of its assets and conducts substantially all of its business through Plymouth Industrial OP, LP (the Operating Partnership). Its portfolio consists of holdings in various markets: Chicago, Cleveland, Memphis, Jacksonville, St. Louis, Indianapolis, Columbus, Cincinnati, Atlanta, Boston, Charlotte, and Kansas City.