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FCPT Announces Promotion of James Brat to Chief Operations Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Four Corners Property Trust (FCPT), a real estate investment trust, has promoted James Brat to Chief Operations Officer. Mr. Brat has been with the company since November 2015, serving as General Counsel and later as Chief Transaction Officer. Under his tenure, FCPT has acquired 624 properties and expanded its workforce while investing significantly in operations at its Mill Valley headquarters. CEO Bill Lenehan acknowledged Brat's integral role in operational development and value creation for shareholders. The company continues to focus on acquiring net-leased restaurant and retail properties.
Positive
Promotion of James Brat strengthens leadership with extensive experience.
FCPT has successfully acquired 624 properties since inception.
Negative
None.
MILL VALLEY, Calif.--(BUSINESS WIRE)--
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it has promoted James Brat to serve as FCPT’s Chief Operations Officer. Mr. Brat joined FCPT at its inception in November 2015 as General Counsel and was promoted to Chief Transaction Officer in January 2020.
In Mr. Brat’s over seven years with the Company, FCPT has acquired 624 properties, grown its employee base, and invested significantly in its operations at its headquarters in Mill Valley. “As we have continued to grow, Jim has been integral to the development of our operations, legal, human resources, and property management teams all while overseeing our owned restaurant operations under Kerrow Holdings and assisting in capital raising,” said Bill Lenehan, CEO of FCPT. “Jim’s unique skill set encompasses operations, real estate transactions and legal judgment that makes him an important member of FCPT and critical to our effort to drive value for our shareholders.”
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.