Urban Edge Properties Appoints Susan Givens to the Board of Trustees

Rhea-AI Summary

Urban Edge Properties (NYSE:UE) announced the appointment of Susan Givens to its Board of Trustees, effective July 1, 2021, increasing the board size from eight to nine members. Givens brings nearly 20 years of experience in private equity, capital markets, and M&A to the role. She previously served as CEO of New Senior Investment Group and held positions at Fortress Investment Group. Chairman and CEO Jeff Olson expressed confidence that Givens' expertise will support Urban Edge's growth strategy in retail real estate management and development.

Positive

• Appointment of Susan Givens brings nearly 20 years of relevant experience.
• Givens' background in real estate and finance could strengthen strategic initiatives.

Negative

• Concerns about continuity during the board transition.
• Potential experience gaps with the new board composition.

Urban Edge Properties (NYSE:UE) today announced the appointment of Susan Givens to the Company’s Board of Trustees effective July 1, 2021. With this appointment, Urban Edge’s Board of Trustees has increased from eight members to nine.

Ms. Givens has nearly 20 years of private equity, capital markets, M&A, and finance experience. Since October 2014, she has served as Chief Executive Officer and President of New Senior Investment Group Inc. (NYSE: SNR). Prior to that, Ms. Givens was a Managing Director in the Private Equity group at Fortress Investment Group, where she spent more than 13 years. While at Fortress she also served as the Chief Financial Officer and Treasurer of New Residential Investment Corp. (NYSE: NRZ), and was responsible for various real estate, healthcare, financial services, infrastructure and leisure investments during her tenure. Ms. Givens is a member of the 2021 Executive Board of the National Association of Real Estate Investment Trusts (Nareit).

“We welcome Susan to our Board,” said Jeff Olson, Chairman and CEO. “She brings valuable experience in real estate, finance and capital markets, which will be beneficial as we continue to execute on Urban Edge’s growth strategy.”

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 77 properties totaling 16.2 million square feet of gross leasable area.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210629005088/en/

FAQ

What is the significance of Susan Givens' appointment to Urban Edge Properties' Board of Trustees?

Susan Givens' appointment is significant as it enhances the board's expertise in real estate and finance, crucial for the company's growth strategy.

When did Susan Givens join the Board of Trustees at Urban Edge Properties?

Susan Givens joined the Board of Trustees effective July 1, 2021.

What prior experience does Susan Givens have that may benefit Urban Edge Properties?

Susan Givens has nearly 20 years of experience in private equity, capital markets, and M&A, including leadership roles at New Senior Investment Group and Fortress Investment Group.

How does Susan Givens' experience relate to Urban Edge Properties' business?

Her extensive background in real estate and capital markets aligns well with Urban Edge's focus on managing and developing retail real estate.