Global Medical REIT Inc. Announces Appointment of Paula Crowley to Its Board of Directors & the Declaration of Its Second Qua...
June 15 2018 - 8:30AM
Business Wire
Global Medical REIT Inc. (NYSE: GMRE) (the
“Company”), a Maryland corporation engaged primarily in the
acquisition of licensed, state-of-the-art, purpose-built healthcare
facilities and the leasing of these facilities to strong clinical
operators with leading market share, today announces the
appointment of Paula Crowley to the Company’s Board of Directors
(the “Board”), effective as of June 14, 2018. Ms. Crowley will
serve as a member on the Board’s Audit Committee and Investment
Committee.
Appointment of Paula Crowley to the
Board
Ms. Crowley has over 40 years of real estate experience and has
worked with Anchor Health Properties (“Anchor”), which she
co-founded in 1987 and served as Chief Executive Officer until
October 2015, when Anchor was sold to Brinkman Management and
Development. Since October 2015, Ms. Crowley has continued to be
involved with Anchor, serving as its Chairman from October 2015
through November 2017 and as its Chair Emeritus since November
2017. Anchor is a national full-service real estate development,
management and investment company that focuses on healthcare
properties. Prior to Anchor, Ms. Crowley spent eight years as
Development Director with The Rouse Company of Columbia, Maryland,
where she was responsible for the development of urban retail
projects.
Ms. Crowley received a BA from Middlebury College, a Masters in
City Planning from the University of Pennsylvania and an MBA from
the University of Pennsylvania Wharton School.
Jeff Busch, the Company’s Chairman of the Board and Chief
Executive Officer, commented, “We are very excited that Paula has
joined our Board. We believe Paula’s significant experience in
healthcare real estate will serve as a tremendous asset to our
Board and in particular our Board’s Audit Committee and Investment
Committee. On behalf of the management team and the other
directors, I welcome Paula to our team.”
Declaration of Second Quarter Common
Stock and Preferred Stock Dividends
The Company announced today that the Board authorized:
•
a $0.20 per share cash dividend to common stockholders of record as
of June 26, 2018, to be paid on July 11, 2018. This dividend
represents the Company’s second quarter 2018 dividend payment to
its common stockholders; and
•
a $0.46875 per share cash dividend to holders of record as of July
15, 2018 of its Series A Cumulative Redeemable Preferred Stock,
$0.001 par value per share (the “Series A Preferred Stock”) to be
paid on July 31, 2018. This dividend represents the Company’s
quarterly dividend on its Series A Preferred Stock for the period
from April 30, 2018 through July 30, 2018.
About Global Medical REIT
Inc.
Global Medical REIT Inc. is a Maryland corporation engaged
primarily in the acquisition of licensed, state-of-the-art,
purpose-built healthcare facilities and the leasing of these
facilities to strong clinical operators with leading market share.
The Company’s management team has significant healthcare, real
estate and public real estate investment trust, or REIT, experience
and has long-established relationships with a wide range of
healthcare providers. The Company elected to be taxed as a REIT for
U.S. federal income tax purposes commencing with its taxable year
ending December 31, 2016.
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version on businesswire.com: https://www.businesswire.com/news/home/20180615005179/en/
COMPANY:Global Medical REIT
Inc.Danica Holley, 202-524-6854Chief Operating
Officerdanicah@globalmedicalreit.comorINVESTOR
RELATIONS:The Equity Group
Inc.Jeremy Hellman, 212-836-9626Senior
Associatejhellman@equityny.comorAdam
Prior, 212-836-9606Senior Vice-Presidentaprior@equityny.com
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