Essex Property Trust Inc. tapped John Burkart as COO and Adam Berry as chief investment officer as part of its succession plan.
The appointments come ahead of the planned retirement of Craig Zimmerman as executive vice president and co-chief investment officer, effective Dec. 31. Berry shares the chief investment officer role with Zimmerman.
The multifamily real estate investment trust said Burkart has served as its senior executive vice president, overseeing operations, asset and portfolio management, redevelopment and capital maintenance, research, and information technology, among other divisions of the company.
Zimmerman will remain with the REIT in an advisory capacity for one year after his retirement.
