Spirit Realty Capital Inc. appointed Michael Hughes its new executive vice president and CFO, succeeding Phil Joseph.

The single-tenant net-lease real estate investment trust also named Ricardo Rodriguez CFO of its proposed REIT spinoff, starting in May.

Hughes, who hails from lodging REIT FelCor Lodging Trust Inc., will join Spirit Realty on April 1. Rodriguez, who will start at Spirit MTA REIT in May, most recently worked with Morgan Stanley.