NewLake Capital Promotes Jarrett Annenberg to Senior Vice President, Head of Investments

Rhea-AI Summary

NewLake Capital Partners (OTCQX: NLCP) has promoted Jarrett Annenberg to Senior Vice President, Head of Investments, effective immediately. A co-founder of NewLake, Annenberg has played a crucial role in the company's growth since its inception in 2019, handling acquisitions, portfolio management, and capital raising. His previous experience includes a decade at CBRE, where he managed significant real estate transactions valued over $1 billion. NewLake, a leading real estate investment trust serving state-licensed cannabis operators, owns 32 cultivation facilities and dispensaries leased on a triple-net basis.

Positive

• Jarrett Annenberg's promotion reflects the company's commitment to internal talent development.
• Annenberg's extensive experience in managing global real estate portfolios can enhance investment strategies.

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• None.

NEW CANAAN, Conn., April 05, 2023 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, announced today that Director of Acquisitions, Jarrett Annenberg, has been promoted to Senior Vice President, Head of Investments. Mr. Annenberg is a co-founder of NewLake and, in addition to acquisitions, he assists in NewLake’s operations, portfolio management and capital raising efforts.

“Since we founded the Company in 2019, Jarrett and I have been working side-by-side to ensure the growth and ultimate success of NewLake,” said Anthony Coniglio, Chief Executive Officer of NewLake. “He is a trusted and essential part of our team, and this promotion is well-deserved.”

Prior to founding NewLake, Mr. Annenberg spent ten years at CBRE where he was a Senior Vice President in CBRE’s Transactions and Advisory Services Group managing global real estate portfolios for high-growth companies. During his tenure at CBRE, Mr. Annenberg worked on over seven million square feet of transactions with total value consideration in excess of $1 billion.

About NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 32 cultivation facilities and dispensaries that are leased to single tenants on a triple-net basis. For more information, please visit www.newlake.com.

Contact Information:
Lisa Meyer
Chief Financial Officer, Treasurer and Secretary
NewLake Capital Partners, Inc.
lmeyer@newlake.com

Investor Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
Valter@KCSA.com
PH: (212) 896-1254

Media Contact:
McKenna Miller
KCSA Strategic Communications
MMiller@kcsa.com
PH: (212) 896-1254

FAQ

What recent leadership change occurred at NewLake Capital Partners?

Jarrett Annenberg was promoted to Senior Vice President, Head of Investments.

What is the background of Jarrett Annenberg at NewLake Capital Partners?

He is a co-founder and has been involved in acquisitions, operations, and capital raising.

What type of properties does NewLake Capital Partners invest in?

The company invests in real estate for state-licensed cannabis operators.

How many facilities does NewLake Capital Partners own?

NewLake owns 32 cultivation facilities and dispensaries.