NNN REIT, Inc., a prominent real estate investment trust, has recently revealed that Christopher P. Tessitore, the current Executive Vice President and General Counsel, will retire on January 1, 2024. Taking his place will be Gina M. Steffens, who will assume the role of Executive Vice President and General Counsel from November 30, 2023.
Mr. Tessitore has been an integral part of NNN’s growth for over 18 years. Throughout his tenure, he has showcased impressive expertise, sound judgment, and a remarkable ability to resolve complex issues. He has diligently guided the company’s legal efforts, successfully steering NNN through numerous challenges. Steve Horn, the Chief Executive Officer, expressed his gratitude for Mr. Tessitore’s unwavering dedication to NNN’s shareholders, associates, board of directors, and tenants.
Gina M. Steffens brings with her extensive experience in both public and private companies. She most recently served as the Chief Executive Officer of PHM Brands and previously held positions such as Chief Legal Officer at PHM Brands, General Counsel of Real Capital Solutions, Assistant General Counsel and Senior Director at Vail Resorts Management Company, and Senior Counsel and Director at Regency Centers Corporation. Ms. Steffens’ impressive background includes working at prestigious law firms such as Foley & Lardner and Lowndes, Drosdick, Doster, Kantor & Reed. Her successful track record, coupled with her dedication and innovative thinking, make her a highly valuable addition to NNN’s executive team.
In a statement, Mr. Tessitore expressed his honor in serving as a member of NNN’s executive team and leading the company for the past 18 years. He eagerly welcomed Gina Steffens to the team, acknowledging her outstanding reputation, extensive experience, and proven dedication. Mr. Tessitore believes that Ms. Steffens’ addition will bring further success to NNN in the future.
NNN REIT specializes in investing in high-quality retail properties with long-term, net leases. Currently, the company holds 3,511 properties across 49 states, spanning approximately 35.8 million square feet. Its properties maintain an impressive weighted average remaining lease term of 10.1 years. NNN REIT stands among the top three publicly traded REITs, having consistently increased annual dividends for 34 or more consecutive years.
For more information about NNN REIT, please visit their official website at www.nnnreit.com.
Frequently Asked Questions (FAQ)
1. Who is retiring as General Counsel at NNN REIT, Inc.?
Christopher P. Tessitore is retiring as the General Counsel of NNN REIT, Inc. after more than 18 years of dedicated service.
2. Who will be the new Executive Vice President and General Counsel at NNN REIT, Inc.?
Gina M. Steffens will succeed Christopher P. Tessitore as the Executive Vice President and General Counsel at NNN REIT, Inc.
3. What is NNN REIT’s primary investment focus?
NNN REIT primarily invests in high-quality retail properties that are subject to long-term, net leases.
4. How many properties does NNN REIT currently own?
As of September 30, 2023, NNN REIT owns 3,511 properties across 49 states, with a total gross leasable area of approximately 35.8 million square feet.
5. What is the track record of NNN REIT regarding annual dividends?
NNN REIT is one of only three publicly traded REITs that have increased annual dividends for 34 or more consecutive years.