Gaming and Leisure Properties, Inc. Promotes Matthew Demchyk to Chief Investment Officer
January 05 2021 - 8:30AM
Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”)
(NASDAQ: GLPI) announced today that Matthew Demchyk has been named
Chief Investment Officer. Mr. Demchyk’s new role is effective
immediately and he will report directly to GLPI Chairman and Chief
Executive Officer, Peter Carlino.
Mr. Demchyk joined GLPI in February 2019 and
most recently served as Senior Vice President of Investments.
Peter Carlino stated, “Matthew is a talented
executive with a deep understanding of the public REIT space and
the capital markets. Since joining GLPI, he has distinguished
himself as a creative strategic thinker, thoughtful steward of our
balance sheet, and prudent allocator of capital. His differentiated
background and ability to work constructively with our executive
team has proven invaluable during these unprecedented times, as
evidenced by the instrumental role he has played in conceptualizing
and structuring the innovative Tropicana transaction with Penn
National. In the Chief Investment Officer role, Matthew’s unique
skillset and unwavering focus on long-term value creation will
greatly benefit GLPI’s shareholders.”
As Chief Investment Officer, Mr. Demchyk will
lead GLPI’s investment strategy and be responsible for capital
allocation, the evaluation of opportunities outside of the gaming
sector, and the development of strategic relationships. Prior to
joining GLPI, Mr. Demchyk was with Millennium Partners, where he
served as Portfolio Manager of Real Estate Securities for over 9
years. Before Millennium, he oversaw a REIT investment strategy at
Carlson Capital. He began his career at CenterSquare Investment
Management, a leading REIT-dedicated asset manager, where he helped
lead the team as Assistant Portfolio Manager.
Matthew graduated summa cum laude with a
Bachelor of Science degree in Business Administration and a
concentration in honors studies from Villanova University, where he
majored in Finance. He is also a CFA Charterholder.
About Gaming and Leisure
Properties
GLPI is engaged in the business of acquiring,
financing, and owning real estate property to be leased to gaming
operators in triple-net lease arrangements, pursuant to which the
tenant is responsible for all facility maintenance, insurance
required in connection with the leased properties and the business
conducted on the leased properties, taxes levied on or with respect
to the leased properties and all utilities and other services
necessary or appropriate for the leased properties and the business
conducted on the leased properties. GLPI elected to be taxed as a
real estate investment trust (“REIT”) for U.S. federal income tax
purposes commencing with the 2014 taxable year and was the first
gaming-focused REIT in North America.
Contact |
|
Gaming and Leisure Properties, Inc. |
Investor Relations |
Matthew Demchyk, Chief Investment Officer |
Joseph Jaffoni, Richard Land, James Leahy at JCIR |
610/378-8232 |
212/835-8500 |
|
glpi@jcir.com |
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