Highlands Reit, Inc. Announces Management Changes, Effective as of June 7, 2019
May 30, 2019 at 11:03 am
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Highlands REIT, Inc. announced that on May 23, 2019, Joseph Giannini announced his intention to resign as Senior Vice President, Chief Accounting Officer, Treasurer and principal accounting officer of Highlands REIT, Inc., effective as of June 7, 2019. There were no disagreements between Mr. Giannini and the Company or any officer or director of the Company that led to Mr. Giannini’s decision to resign. Paul A. Melkus, the Company’s Executive Vice President, Chief Financial Officer and principal financial officer, has been appointed as the Company’s principal accounting officer and Treasurer, effective as of Mr. Giannini’s resignation on June 7, 2019. Mr. Melkus will serve as the Company’s principal accounting officer and Treasurer in addition to continuing his role as the Company’s Executive Vice President, Chief Financial Officer and principal financial officer.
Highlands REIT, Inc. is a self-advised and self-administered real estate investment trust (REIT). The Company owns and manages substantially all of the non-core investment properties. The Company operates through two segments: multi-family and other. The Company's portfolio of investment properties consisted of 13 multi-family, three retail, one office and two industrial properties, one correctional facility and one parcel of unimproved land, which are all located in the United States. The Company's properties include 1620 Central, Buerger Brothers Lofts, Chamber Lofts, Kenilworth Court, Tennyson44, The Detroit and Detroit Terraces, The Lafayette, The Locale, The Muse, The Sterling, Hudson Correctional Facility, Market at Hilliard, The Q Lofts, Sherman Plaza and others.