INDUS Announces Change to Its Board of Directors
January 18 2022 - 8:15AM
Business Wire
INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the
“Company”), a U.S. based industrial/logistics REIT, announced
that it has appointed Michael Simanovsky as a new independent
director to serve on its Board of Directors (the “Board”) as of
January 15, 2022. Mr. Simanovsky is the Founder and Managing
Partner of Conversant Capital LLC (“Conversant”).
“We are pleased to welcome Mike to the INDUS Board,” said
Michael Gamzon, President and Chief Executive Officer of the
Company. “Mike’s deep knowledge of real estate and capital markets,
coupled with his public company experience will be invaluable to
INDUS as we continue to grow our business and pursue our mission to
be a best-in-class industrial/logistics REIT.”
Mr. Simanovsky is the Founder and Managing Partner of
Conversant, an investment firm that pursues investments within the
real estate, digital infrastructure and hospitality sectors in both
the public and private markets and across the capital structure.
Immediately prior to founding Conversant, Mr. Simanovsky was a
partner and sector head at Senator Investment Group LP, a New York
based hedge fund, where he worked from 2011 through 2019 and led
the team responsible for the firm’s public and private investments
in real estate, gaming & lodging, housing and related
sectors.
Under the terms of Conversant’s August 2020 investment in the
Company, Conversant has the right to designate one nominee to the
Board. Mr. Simanovsky replaces Ardevan Yaghoubi, who previously
acted as Conversant’s nominee and has resigned from the Board of
the Company as of January 15, 2022, concurrent with his departure
from Conversant to pursue other opportunities.
About INDUS
INDUS is a real estate business principally engaged in
developing, acquiring, managing and leasing industrial/logistics
properties. INDUS owns 35 industrial/logistics buildings
aggregating approximately 5.2 million square feet in Connecticut,
Pennsylvania, North Carolina, South Carolina, and Florida in
addition to several office/flex properties and undeveloped
land.
Forward-Looking Statements:
This Press Release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements include INDUS’s beliefs
and expectations regarding future events or conditions including,
without limitation, statements regarding Mr. Simanovsky’s
contributions to the Board and the Company’s future growth and
mission to be a best-in-class industrial/logistics REIT. Although
INDUS believes that its plans, intentions and expectations
reflected in such forward-looking statements are reasonable, it can
give no assurance that such plans, intentions or expectations will
be achieved. The projected information disclosed herein is based on
assumptions and estimates that, while considered reasonable by
INDUS as of the date hereof, are inherently subject to significant
business, economic, competitive and regulatory uncertainties and
contingencies, many of which are beyond the control of INDUS and
which could cause actual results and events to differ materially
from those expressed or implied in the forward-looking statements.
Other important factors that could affect the outcome of the events
set forth in these statements are described in INDUS’s Securities
and Exchange Commission filings, including the “Business,” “Risk
Factors” and “Forward-Looking Statements” sections in INDUS’s
Annual Report on Form 10-K for the fiscal year ended November 30,
2020, filed with the SEC on February 18, 2021, and Quarterly Report
on Form 10-Q for the fiscal quarter ended September 30, 2021, filed
with the SEC on November 4, 2021. INDUS disclaims any obligation to
update any forward-looking statements as a result of developments
occurring after the date of this press release except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220118005141/en/
Ashley Pizzo Vice President, Capital Markets &
Investor Relations (212) 218-7914
apizzo@indusrt.com
Jon Clark Executive Vice President, Chief Financial
Officer (860) 286-2419 jclark@indusrt.com
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