WPT Industrial Real Estate Investment Trust tapped Judd Gilats to be its new CFO, succeeding Dennis Heieie, who plans to retire at the end of June.

Gilats is the former CFO of U.S. Assets and Dislocated Industries at Castlelake LP.

Heieie will stay on as an adviser to the REIT's external asset and property manager through the end of the year to facilitate a smooth transition.