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Friday, Apr 19, 2024
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Realty Income Corp. Announces Key Leadership Changes

Realty Income Corp. has named current chief operating officer Sumit Roy as its new president, among other leadership changes announced by the San Diego-based company.

A statement from the real estate investment trust said Neil Abraham has been promoted to executive vice president and chief investment officer, overseeing investments and reporting to Roy. Abraham previously served as senior vice president of investments.

Officials said Roy will continue to chair the company’s investment committee.

Effective Dec. 31, Richard Collins will step down as executive vice president of portfolio management after 25 years of service to the company. Collins’ principal responsibilities will be assumed by Dawn Nguyen and Ben Fox.

Nguyen, a 14-year company veteran, has been promoted to senior vice president of portfolio management, overseeing property leasing and dispositions. Fox, who has been with the company for approximately eight years, has been promoted to senior vice president of asset and portfolio management.

CEO John P. Case said the promotions “strategically position the company for continued growth and success.”

Realty Income Corp. (NYSE: O) is an S&P 500 company that invests primarily in retail, industrial and related commercial properties, with nearly 4,500 properties nationwide owned under long-term lease agreements with regional and national tenants.

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