Alpine Income Property Trust Announces Changes to Board of Directors
Alpine Income Property Trust (NYSE: PINE) announced changes to its Board of Directors effective November 8, 2024. Jeffrey S. Yarckin has resigned from the Board after five years of service. The company appointed Brenna A. Wadleigh as his replacement. Wadleigh, currently CEO of N3 Real Estate since 2015, brings extensive commercial real estate experience to PINE. She previously served at Crescent Real Estate Equities from 1998 to 2007 and holds a BBA in Finance from the University of Texas at Arlington.
Alpine Income Property Trust (NYSE: PINE) ha annunciato cambiamenti nel suo Consiglio di Amministrazione, che entreranno in vigore l'8 novembre 2024. Jeffrey S. Yarckin si è dimesso dal Consiglio dopo cinque anni di servizio. L'azienda ha nominato Brenna A. Wadleigh come sua sostituta. Wadleigh, attualmente CEO di N3 Real Estate dal 2015, porta a PINE una vasta esperienza nel settore immobiliare commerciale. In precedenza ha lavorato presso Crescent Real Estate Equities dal 1998 al 2007 e ha conseguito una laurea in Finanza presso l'Università del Texas ad Arlington.
Alpine Income Property Trust (NYSE: PINE) anunció cambios en su Junta Directiva que entrarán en vigor el 8 de noviembre de 2024. Jeffrey S. Yarckin renunció a la Junta después de cinco años de servicio. La compañía nombró a Brenna A. Wadleigh como su reemplazo. Wadleigh, actual CEO de N3 Real Estate desde 2015, aporta una amplia experiencia en bienes raíces comerciales a PINE. Anteriormente trabajó en Crescent Real Estate Equities desde 1998 hasta 2007 y tiene un BBA en Finanzas de la Universidad de Texas en Arlington.
Alpine Income Property Trust (NYSE: PINE)는 2024년 11월 8일부터 이사회의 변화를 발표했습니다. Jeffrey S. Yarckin은 5년의 임기 후 이사회에서 사임했습니다. 회사는 Brenna A. Wadleigh를 그의 후임으로 임명했습니다. Wadleigh는 2015년부터 N3 Real Estate의 CEO로 재직 중이며, PINE에 상업용 부동산 분야의 풍부한 경험을 제공합니다. 그녀는 1998년부터 2007년까지 Crescent Real Estate Equities에서 근무했으며, 텍사스 대학교 알링턴 캠퍼스에서 재무학 BBA를 취득했습니다.
Alpine Income Property Trust (NYSE: PINE) a annoncé des changements dans son Conseil d'Administration, qui entreront en vigueur le 8 novembre 2024. Jeffrey S. Yarckin a démissionné du Conseil après cinq ans de service. L'entreprise a nommé Brenna A. Wadleigh comme sa remplaçante. Wadleigh, actuellement PDG de N3 Real Estate depuis 2015, apporte une vaste expérience dans l'immobilier commercial à PINE. Elle a précédemment travaillé chez Crescent Real Estate Equities de 1998 à 2007 et possède un BBA en finance de l'Université du Texas à Arlington.
Alpine Income Property Trust (NYSE: PINE) hat Änderungen in seinem Vorstand angekündigt, die am 8. November 2024 in Kraft treten. Jeffrey S. Yarckin hat nach fünf Jahren im Dienst seinen Rücktritt vom Vorstand erklärt. Das Unternehmen hat Brenna A. Wadleigh zu seiner Nachfolgerin ernannt. Wadleigh, die seit 2015 CEO von N3 Real Estate ist, bringt umfangreiche Erfahrung im Bereich Gewerbeimmobilien zu PINE. Zuvor war sie von 1998 bis 2007 bei Crescent Real Estate Equities tätig und hat einen BBA in Finanzen von der University of Texas at Arlington.
- Appointment of experienced real estate executive Brenna Wadleigh with extensive industry background
- Smooth board transition with immediate replacement appointment
- Departure of long-serving board member Jeffrey Yarckin after five years
WINTER PARK, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced that Jeffrey S. Yarckin has notified the Company of his resignation from the Company’s Board of Directors, effective November 8, 2024. The Company today also announced the appointment of Brenna A. Wadleigh to the Company’s Board of Directors, effective November 8, 2024.
“On behalf of the Board, I want to thank Jeff for his service to PINE,” said Andrew Richardson, Chairman of the Board of PINE. “Jeff has played an important role in the Company’s growth and success.”
“I’m honored to have served on the Board for these past five years,” said Yarckin. “I want to thank the PINE team for their commitment and support, and I look forward to the Company’s continued success in the years to come.”
“We are very pleased that Brenna is joining the Board,” Richardson continued. “Brenna is an accomplished business leader in the commercial real estate industry, with extensive experience in multiple sectors and asset types. We look forward to benefitting from her expertise, guidance and insights.”
“I’m excited to work with the rest of the Board and the PINE management team to provide guidance and oversight to enable the Company’s continued growth and success,” said Wadleigh.
Ms. Wadleigh has served as Chief Executive Officer of N3 Real Estate since 2015. N3 Real Estate is a real estate development and investment firm based in Southlake, Texas that acquires, develops and manages retail properties across the U.S. Ms. Wadleigh currently serves in various roles with Commercial Real Estate Women (CREW) and is the President of the College of Business Advisory Board of the University of Texas at Arlington. Prior to joining N3 Real Estate as President in 2007, Ms. Wadleigh served in various roles at Crescent Real Estate Equities, a publicly traded REIT based in Fort Worth, Texas, from 1998 to 2007. Ms. Wadleigh earned a Bachelor of Business Administration in Finance from the University of Texas at Arlington and is a Certified Public Accountant in Texas.
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants.
| Contact: | Philip R. Mays |
| Senior Vice President, Chief Financial Officer and Treasurer | |
| (407) 904-3324 | |
| pmays@alpinereit.com | |
Safe Harbor
This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “continued,” “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in first mortgage investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics (such as the COVID-19 Pandemic and its variants) on the Company’s business and the business of its tenants and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company’s business or the business of its tenants that are beyond the control of the Company or its tenants, and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
FAQ
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