PRINCETON - Essential Properties Realty Trust , Inc. (NYSE:EPRT), a real estate investment trust (REIT), announced the promotion of two senior executives in a strategic move to strengthen its leadership team.
Max Jenkins has been elevated to the position of Executive Vice President, Head of Investments, while AJ Peil, CFA, takes on the role of Executive Vice President, Head of Asset Management.
Both Jenkins and Peil have been instrumental in the Company's growth, contributing to its success through their respective areas of expertise. Jenkins, who has been with Essential Properties since 2018, has played a pivotal role in managing investment activities, overseeing transactions totaling more than $2.5 billion since April 2021. His background includes a distinguished tenure in the military, where he served as an Infantry Officer and Captain with the 75th Ranger Regiment.
Peil's tenure with the Company began in 2017, during which he has managed critical aspects of asset management, including credit underwriting and servicing. His previous experience includes a significant role at Spirit Realty Capital (NYSE:SRC) as the Senior Vice President and Head of Credit, where he was responsible for sourcing and underwriting transactions worth over $2 billion.
The President and CEO of Essential Properties, Pete Mavoides, praised the executives for their outstanding performance and their vital role in the Company's long-term strategy to maximize shareholder value. The promotions are seen as a testament to the strength and depth of the Company's leadership.
Essential Properties Realty Trust specializes in acquiring, owning, and managing single-tenant properties net leased to service-oriented or experience-based businesses. As of December 31, 2023, the Company's portfolio boasted 1,873 properties across 48 states, with a high occupancy rate of 99.8% and a weighted average lease term of 14.0 years.
The announcement of these executive promotions is based on a press release statement and reflects the Company's commitment to leadership excellence and strategic growth.
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