SAN CLEMENTE, Calif., March 16, 2022 (GLOBE NEWSWIRE) — The Board of Directors of CareTrust REIT, today announced that Allen C. Barbieri has retired as a member of its Board of Directors after six years of service, effective March 10, 2022. The Board also announced the appointment of Careina D. Williams to succeed Mr. Barbieri, effective immediately.
“We are grateful to Allen for his contributions in shepherding CareTrust from our early days to where we are today,” said Greg Stapley, CareTrust’s Executive Chairman. Mr. Barbieri served as chairman of both the Nominating & Corporate Governance Committee and the Board’s Sustainability & Corporate Responsibility Committee, and as a member of the Audit and Compensation Committees. “Allen has been a workhorse as we have climbed a sometimes-steep learning curve and particularly as we have navigated through the COVID-19 pandemic, while continuing to build and strengthen our growing portfolio,” Mr. Stapley added.
Careina D. Williams has an extensive background in analyzing, underwriting, financing, acquiring and managing commercial real estate across multiple asset classes. She is a Principal and Advisory Board member at Sundance Bay, a real estate private equity firm that specializes in multifamily investing, net lease investing and real estate debt lending nationwide. She previously served as Chief Operating Officer of Zero G Capital Management LLC, and as Principal, Acquisitions and Asset Management, at Artemis Real Estate Partners. She was also a Principal, Investments at Capri Capital Partners, and began her career as a Financial Analyst in the investment banking division of Goldman Sachs.
“We are extraordinarily pleased to have Careina Williams join our Board, and look forward to working with her,” said Mr. Stapley. “Careina brings a fresh perspective on the real estate sector, including a deep background in underwriting and credit analysis that will be immediately accretive to our Board’s collective expertise,” he added. He noted that Ms. Williams’ philanthropic work currently includes serving as a Trustee and Vice-Chair of the Investments & Endowment Committee of the United Church of Christ, and she previously served as a Trustee and Chair of the Finance & Endowment Committee for Peoples Congregational Church of the United Church of Christ. Ms. Williams received an A.B. in Economics from Harvard University and an M.B.A. from Harvard Business School.
With Ms. Williams’ appointment CareTrust’s Board consists of five members, including Mr. Stapley, Executive Chairman and former Chief Executive Officer, Diana M. Laing, CareTrust’s lead independent director and former chief financial officer of single-family housing REIT American Homes 4 Rent; Jon D. Kline, founder and chief executive officer of Clearview Hotel Capital, L.L.C. and former president and chief financial officer of Sunstone Hotel Investors, Inc.; and Spencer G. Plumb, president and chief executive officer of Sabin Holdings, L.L.C. and cofounder and former president and chief operating officer of Excel Trust, Inc. Mr. Stapley reported that Mr. Plumb was appointed to fill the vacant seat on the Board’s Audit Committee following Mr. Barbieri’s resignation, and indicated that the Board plans to redistribute Mr. Barbieri’s remaining committee assignments at its next regular meeting.
About CareTrustTM
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. More information about CareTrust REIT is available at www.caretrustreit.com.
