Phillips Edison Grocery Center REIT III Appoints Toan Huynh and Mark McDade to Board of Directors
CINCINNATI--(BUSINESS WIRE)--Nov 14, 2018--The board of directors of (“PECO III” or the “Company”), a real estate investment trust (“REIT”) focused on acquiring and owning well-occupied grocery-anchored shopping centers, has appointed Toan Huynh and Mark McDade as independent directors.
“Toan’s wide-ranging experience with innovative technologies will be vital as we work closely with leading grocers seeking to implement and expand omnichannel sales strategies,” said Jeff Edison, Chairman and Chief Executive Officer of Phillips Edison Grocery Center REIT III. “Creating a collaborative tenant environment can produce an improved experience for customers, which we believe will lead to increased foot traffic and sales at our centers and ultimately build additional value in our growing portfolio.”
“Additionally, Mark has been an integral part of Phillips Edison Grocery Center REIT II, having previously served on its board since inception. His experience with Phillips Edison, coupled with his executive leadership and operational expertise, make him an excellent addition to our board.”
“Together, Toan’s and Mark’s diversified backgrounds and unique perspectives will be invaluable resources as we seek to advance and grow PECO III.”
Ms. Huynh brings to the board comprehensive experience as an entrepreneur, adviser and investor in technology startups. She currently serves as Venture Partner at Information Venture Partners, a Toronto-based venture capital firm that invests in enterprise software for financial services and FinTech, and as an “Entrepreneur-in-Residence” at a global bank, where she supports the bank’s internal innovation and digital agenda. Prior to these roles, Huynh was a co-founder of GlobalOne/Cloud Sherpas where she drove the development of technology and business assets for financial services companies seeking to implement SaaS and digital programs. Following Cloud Sherpas’ acquisition by Accenture in 2015, Huynh served as a managing director designing and implementing innovation-focused transformation programs. Huynh graduated from the University of Pennsylvania with degrees in economics, international relations and Chinese.
Mr. McDade, who most recently served as an independent director on the Phillips Edison Grocery Center REIT II, Inc. board of directors, is currently a managing partner at Qiming Venture Partners, a venture capital firm investing in high-potential firms across sectors. McDade has extensive experience as an executive in the biopharmaceutical industry, having served as chief operating officer at UCB, a multinational biopharmaceutical company, and chief executive officer at PDL BioPharma, an antibody-based biopharmaceutical company. He also held executive roles at Signature Bioscience, Corixa Corporation and Boehringer Mannheim Therapeutics. McDade earned a Bachelor of Arts degree from Dartmouth College and an MBA from Harvard Business School.
Both Huynh and McDade will serve on the board’s audit committee and conflicts committee.
About Phillips Edison Grocery Center REIT III, Inc.
Phillips Edison Grocery Center REIT III, Inc. is a public non-traded REIT that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services, in strong demographic markets throughout the United States. The REIT is co-sponsored by Phillips Edison & Company, Inc. and Griffin Capital Company, LLC.
About Griffin Capital Company, LLC
Griffin Capital Company, LLC is a leading alternative investment asset manager that owns, manages, sponsors or co-sponsors approximately $11.2 billion* in assets. Founded in 1995, the privately held firm is led by a seasoned team of senior executives with more than two decades of investment and real estate experience and who collectively have executed more than 650 transactions valued at over $22 billion.
The firm manages, sponsors or co-sponsors a suite of carefully curated, institutional quality investment solutions distributed by Griffin Capital Securities, LLC to retail investors through a community of partners, including independent and insurance broker-dealers, wirehouses, registered investment advisory firms and the financial advisors who work with these enterprises.
*Includes the property information related to interests held in certain joint ventures. As of September 30, 2018.
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Phillips Edison Grocery Center REIT III, Inc.
Michael Koehler, Director of Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: CONVENIENCE STORE DEPARTMENT STORES DISCOUNT/VARIETY LUXURY ONLINE RETAIL HOME GOODS OFFICE PRODUCTS PROFESSIONAL SERVICES BANKING FINANCE RETAIL FOOD/BEVERAGE CONSTRUCTION & PROPERTY SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Phillips Edison Grocery Center REIT III, Inc.
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PUB: 11/14/2018 01:00 PM/DISC: 11/14/2018 01:01 PM