Terreno Realty Corporation Adds Independent Director

Rhea-AI Summary

Terreno Realty Corporation (NYSE: TRNO) has appointed Gary N. Boston as an independent director, effective October 1, 2022. This move expands the Board of Directors to eight members. Boston previously served as Senior Portfolio Manager at APG Asset Management and was a Director at Retail Value Inc. (NYSE: RVI) until its dissolution in June 2022. Terreno Realty specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets, including Los Angeles and New York City.

Positive

• Appointment of Gary N. Boston as independent director.
• Expansion of Board of Directors to eight members.

Negative

• None.

BELLEVUE, Wash.--(BUSINESS WIRE)-- Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced the addition of Gary N. Boston as an independent director effective October 1, 2022, expanding its Board of Directors to eight. Most recently, Mr. Boston was Senior Portfolio Manager of APG Asset Management, a leading global manager of pension assets. Mr. Boston was a Director of Retail Value Inc. (NYSE:RVI) from 2018 until its dissolution in June 2022. Mr. Boston holds a Bachelor of Arts from Duke University and a Masters of Business Administration from the Wharton School of Business.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, the impact of the COVID-19 pandemic on our business, our tenants and the national and local economies, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2021 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220818005700/en/

Jaime Cannon

415-655-4580

Source: Terreno Realty Corporation

FAQ

Who has been appointed as a director at Terreno Realty Corporation?

Gary N. Boston has been appointed as an independent director at Terreno Realty Corporation.

When did Gary N. Boston join Terreno Realty Corporation's Board?

Gary N. Boston joined the Board of Terreno Realty Corporation on October 1, 2022.

What is the previous role of Gary N. Boston before joining Terreno Realty Corporation?

Before joining Terreno Realty, Gary N. Boston served as Senior Portfolio Manager at APG Asset Management.

What was Gary N. Boston's previous connection to Retail Value Inc. (NYSE:RVI)?

Gary N. Boston was a Director at Retail Value Inc. until its dissolution in June 2022.

What markets does Terreno Realty Corporation operate in?

Terreno Realty Corporation operates in six major coastal U.S. markets, including Los Angeles and New York City.