Global Medical REIT Inc. (NYSE: GMRE) has announced the appointment of Mark Decker, Jr. as the company's new Chief Executive Officer and President, effective immediately. Decker joins the company from Proterra Investment Partners, where he co-led their net lease real estate investment strategy. Prior to this, he served as President, CEO, Trustee, and Chief Investment Officer at Centerspace (NYSE: CSR) for almost seven years.
During his tenure at Centerspace, Decker led the company through a significant transition resulting in higher earnings quality, balance sheet simplicity, and an award-winning performance-oriented culture. Before joining Centerspace, he served as Managing Director and U.S. Group Head of Real Estate Investment and Corporate Banking at BMO Capital Markets.
Global Medical REIT Inc. is a net-lease medical real estate investment trust that acquires and manages healthcare facilities, leasing them to physician groups and regional and national healthcare systems. Lori Wittman, lead independent director of the company, expressed the board's excitement about Decker's appointment, highlighting his strategic vision, real estate operational experience, and capital markets expertise. Jeffrey Busch, the outgoing CEO, will continue to serve on the board as non-executive chairman.
The announcement did not include specific financial metrics or comparisons to the previous period. The market has reacted to these announcements by moving the company's shares 0.56% to a price of $6.225. For the full picture, make sure to review Global Medical REIT's 8-K report.
