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Spirit MTA REIT names CEO; American Homes 4 Rent appoints CFO

This feature presents a weekly rundown of recent significant management and board changes and personnel moves in the North American real estate industry, including U.S. real estate investment trusts and homebuilders.

C-suite changes

* The board of Spirit MTA REIT removed Jackson Hsieh as president and Ken Heimlich as treasurer, and named Ricardo Rodriguez as its new CEO, president, CFO and treasurer. The single tenant-focused retail REIT also elected Steven Shepsman as an independent trustee to its board, effective immediately.

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Lisa Morrison, EVP for leasing at Tanger Factory Outlets
Source: Tanger Factory Outlets Inc.

* Diana Laing will step down as CFO of single family-focused REIT American Homes 4 Rent on June 30, to be succeeded by Christopher Lau, who served most recently as the company's executive vice president for finance.

* Seritage Growth Properties appointed former president of investment management firm MacFarlane Partners Kenneth Lombard its executive vice president and COO, effective May 20. Concurrently, Lombard stepped down from the board of the retail REIT.

* Retail REIT Tanger Factory Outlet Centers Inc. named Lisa Morrison executive vice president for leasing and CFO James Williams as executive vice president.

* Office REIT Alexandria Real Estate Equities Inc. appointed Daniel Ryan its co-chief investment officer, to serve along Peter Moglia, effective May 23.

* Real estate services company CBRE Group Inc. appointed Dara Bazzano as its chief accounting officer, replacing interim officer Arlin Gaffner, who will now serve as CFO of the Americas. Bazzano previously worked as global controller and chief accounting officer at The Gap Inc.

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James William, CFO and EVP of Tanger Factory Outlets
Source: Tanger Factory Outlets Inc.

* Parking REIT Inc. plans not to renew the employment agreement of CFO Edwin Bentzen IV, which expires June 13, subject to approval from the parking facility REIT's board.

* Scott Peterson will resign as the chief investment officer of Digital Realty Trust Inc., effective May 31, and senior vice president for global sales and marketing Daniel Papes will leave the company June 30.

Board shuffle

* Former CFO of Envision Healthcare Corp. Claire Gulmi was elected to the board of Community Healthcare Trust Inc. at the trust's annual meeting of stockholders May 17 for a one-year term.

* Unit holders of Partners Real Estate Investment Trust nominated Moray Tawse, a director and executive vice president of First National Financial Corp., and Michael Woollcombe, executive vice president of VC & Co. Inc. and a partner of Voorheis & Co., for election to the board of the retail REIT at their annual and special meeting June 21.

Other news

* Former managing director at Hines Interests LP David Eaton will join office REIT Paramount Group Inc. as senior vice president for leasing, within the company's San Francisco portfolio.