Plymouth Industrial REIT, Inc. Appoints John W. Guinee III to the Board of Directors
January 11, 2021 at 07:00 am EST
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Plymouth Industrial REIT, Inc. announced it has appointed John W. Guinee III to the Board of Directors. Mr. Guinee will serve as an independent director and will be a member of the Company’s Audit Committee. Mr. Guinee was most recently Managing Director at Stifel, where he covered over 40 REITs in the office, industrial, multifamily and diversified property sectors. During his 15-year career as a sell-side analyst, he led the creation of new valuation methods for REITs, including estimating premiums and discounts to replacement cost and estimating the value creation of REITs over time. Prior to that time, he was Executive Vice President and Chief Investment Officer at Duke Realty, and Executive Vice President and Chief Investment Officer at Charles E. Smith Residential Realty during periods of significant growth and transformation for both companies. He also served for eleven years as Managing Director at LaSalle Investment Management and LaSalle Partners. He began his real estate career as a development officer at Hines in San Francisco. Mr. Guinee currently serves on the Artemis Real Estate Partners Advisory Board, as well as the board of Irvine Nature Center.
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.