An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Urban Edge Properties Announces Appointment of Norman Jenkins to Board of Trustees
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Urban Edge Properties (NYSE:UE) has appointed Norman K. Jenkins to its Board of Trustees, effective November 22, 2021. Jenkins brings over 25 years of real estate experience and currently serves as President and CEO of Capstone Development. He has previously held leadership roles at Marriott International, where he developed the Diversity Ownership Initiative. Urban Edge, based in the New York metropolitan area, manages 75 properties totaling 16.4 million square feet of gross leasable area. This leadership change aims to enhance stakeholder value.
Positive
Appointment of Norman K. Jenkins expected to bring valuable insights.
Jenkins' extensive experience may strengthen Urban Edge's strategic position.
Negative
Concerns about continuity due to management change.
Potential experience gap if Jenkins is not familiar with Urban Edge's specific operations.
NEW YORK--(BUSINESS WIRE)--
Urban Edge Properties (NYSE:UE) today announced the appointment of Norman K. Jenkins to the Company’s Board of Trustees effective November 22, 2021.
Mr. Jenkins is a seasoned executive with over 25 years of real estate and leadership experience. He is President and Chief Executive Officer of Capstone Development, a privately-held firm he founded in 2009. Capstone develops and acquires commercial and multi-family real estate, with significant expertise in public-private partnerships and developing hospitality real estate that is typically affiliated with international lodging brands. Capstone currently owns a diverse portfolio comprised of hotels, street level retail and multi-family housing. Prior to founding Capstone, Mr. Jenkins spent 16 years with Marriott International, serving in several leadership positions before being named Senior Vice President of North American Lodging Development. Mr. Jenkins was the architect of Marriott’s industry-leading Diversity Ownership Initiative which was responsible for doubling the number of diverse-owned Marriott hotels over a three-year period to 500 hotels.
“We welcome Norm to our Board,” said Jeff Olson, Chairman and CEO. “He brings an extensive background in the real estate industry and successful track record of building industry-leading businesses. We look forward to his valuable insights and perspective as we continue to position Urban Edge and our portfolio of high-quality assets to deliver maximum value for our stakeholders.”
Mr. Jenkins also serves on the board of directors of Duke Realty (NYSE: DRE) and AutoNation, Inc. (NYSE: AN). Mr. Jenkins previously served on the Board of Directors of New Senior Investment Group, Inc., a publicly traded senior housing REIT from 2020 until its recent purchase by Ventas in September 2021. He is a member of the Washington, DC Developer Roundtable and is a former member of the Howard University Board of Trustees. Mr. Jenkins earned a BA in Accounting from Howard University, an MBA from George Washington University and is a certified public accountant.
ABOUT URBAN EDGE PROPERTIES
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 75 properties totaling 16.4 million square feet of gross leasable area.
Urban Edge Properties Mark Langer, EVP and Chief Financial Officer
212-956-0082
Source: Urban Edge Properties
FAQ
Who is Norman K. Jenkins and what is his background?
Norman K. Jenkins is a seasoned executive with over 25 years of real estate experience, currently serving as President and CEO of Capstone Development.
When was Norman K. Jenkins appointed to Urban Edge Properties' Board?
Norman K. Jenkins was appointed to the Board of Trustees of Urban Edge Properties effective November 22, 2021.
What are Urban Edge Properties' main business operations?
Urban Edge Properties is focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities.
How many properties does Urban Edge Properties manage?
Urban Edge Properties manages 75 properties totaling 16.4 million square feet of gross leasable area.
How might Jenkins' appointment impact Urban Edge Properties?
Jenkins' extensive background in real estate may provide fresh insights and strategies to enhance Urban Edge's growth and stakeholder value.
