Sentio Healthcare Properties Inc. appointed a new CFO and agreed to renew its advisory agreement with Sentio Investments LLC for an additional one-year term starting Jan. 1, 2017.

Spencer Smith, senior vice president at Sentio Investments, will become the company's new CFO, treasurer and secretary, replacing Sharon Kaiser, who will step down from those positions, effective Jan. 1, 2017.

Sentio Healthcare noted that Kaiser's resignation is not due to any disagreement with the company.

Smith will also assume the CFO role at Sentio Investments, effective Jan. 1, 2017.