Edition:
India

Investors Real Estate Trust (IRET.N)

IRET.N on New York Stock Exchange

5.05USD
16 Feb 2018
Change (% chg)

-- (--)
Prev Close
$5.05
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
157,000
52-wk High
$6.75
52-wk Low
$4.88

Summary

Name Age Since Current Position

Jeffrey Caira

60 2017 Independent Chairman of the Board of Trustees

Mark Decker

41 2017 President, Chief Executive Officer, Chief Investment Officer, Trustee

John Kirchmann

52 2017 Chief Financial Officer, Executive Vice President

Anne Olson

40 2017 Executive Vice President, General Counsel, Secretary

Andrew Martin

44 2017 Executive Vice President - Property Operations

Nancy Andersen

39 2016 Senior Vice President, Principal Accounting Officer

Matthew Volpano

41 2017 Senior Vice President - Capital Markets

Michael Dance

60 2016 Independent Trustee

Linda Hall Keller

68 2011 Independent Trustee

Terrance Maxwell

56 2013 Independent Trustee

Jeffrey Miller

73 2017 independent Trustee

John Schissel

50 2016 Independent Trustee

Biographies

Name Description

Jeffrey Caira

Mr. Jeffrey P. Caira is an Independent Chairman of the Board of Trustees of the Company. He over 30 years of experience in the real estate industry. From 2003 to 2013, he served in various positions at AEW Capital Management, lastly as Director — Co-Portfolio Manager of the North American Diversified Strategy, a multi- billion dollar real estate securities portfolio, before retiring. Prior to that, Mr. Caira served as a Vice President-Portfolio Manager and Senior Analyst for Pioneer Investment Management, Inc. from 2000 to 2003, managing the U.S. real estate sector fund; and Vice-President — Senior Equity Research Analyst for RBC Dain Rauscher, Inc. (formerly Tucker Anthony) from 1998 to 2000, covering equity REITs. Currently, he serves on the Board of Directors for Riverway Condominium Trust. Mr. Caira graduated from the University of Notre Dame with a B.B.A. and holds an M.B.A. from the Kellogg School of Management. He is a licensed real estate broker in the Commonwealth of Massachusetts.

Mark Decker

Mr. Mark O. Decker, Jr., is President, Chief Executive Officer, Chief Investment Officer, Trustee of the Company. He has served as a trustee of the Company since April 27, 2017 and has been employed by the Company since August 5, 2016. Mr. Decker has been the Company's President and Chief Investment Officer since August 5, 2016, and was also appointed as the Company's Chief Executive Officer on April 27, 2017. From 2011 to 2016, Mr. Decker served as the Managing Director and US Group Head of Real Estate Investment and Corporate Banking at BMO Capital Markets, the North American-based investment banking subsidiary of the Canadian Bank of Montreal. Prior to that, he served as Managing Director with Morgan Keegan & Company, Inc., a brokerage firm and investment banking business from February 2011 to September 2011, and worked with Robert W. Baird & Co. Incorporated, an employee-owned international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia, from 2004 to 2011, where he last served as Managing Director, Real Estate Banking. Mr. Decker holds a B.A. in History from the College of William & Mary.

John Kirchmann

Mr. John A. Kirchmann is Chief Financial Officer, Executive Vice President of the Company. From 2011 to July 2016, Mr. Kirchmann served as Vice President of Operations Support at Essex Property Trust, a multifamily REIT (NYSE: ESS), where he was responsible for the oversight of revenue management and ancillary income, procurement and other functions. From 2007 to 2011, he served as Corporate Controller & Corporate Treasurer at Essex, where he oversaw property and corporate accounting functions, treasury management, and re-engineered and implemented new technology and systems. Mr. Kirchmann was a private consultant from July 2016 to April 2017, where he provided executive accounting services to publicly traded companies, one of which was the Company. Mr. Kirchmann started his career as an accountant with KPMG LLC. He received a B.A. in Business Administration with a Concentration in Accounting from Coe College.

Anne Olson

Ms. Anne Olson is Executive Vice President, General Counsel, Secretary of the Company. From 2011 to April 30, 2017, Ms. Olson was in the private practice of law, most recently as a partner with the law firm of Dorsey & Whitney LLP, in its Real Estate Practice Group, where she focused on development and investment real estate for REITs, private equity funds and national developers and owners. Prior to 2011, she served as Director of Investment Operations and in-house counsel for Welsh Companies, LLC and its affiliates, a provider of commercial real estate services, providing leadership in the growth of its asset portfolio and development of a successful capital markets strategy. Ms. Olson began her legal career practicing real estate law at Dorsey & Whitney LLP. She holds a B.A in English from Drake University and earned her J.D. with highest honors from Drake University Law School.

Andrew Martin

Mr. Andrew Martin is Executive Vice President - Property Operations of the Company. He was Executive Vice President – Asset Management from September 20, 2016 through April 30, 2017. Mr. Martin joined the Company in December 2009 to lead its Residential Property Management division, and had previously served as the Company's Senior Vice President, Residential Property Management from May 2011 to September 2016. He has over 22 years of experience in the commercial and multi-family property management industry. Prior to joining the Company, Mr. Martin was a partner with INH Companies, a full service real estate firm based in St. Cloud, Minnesota, and a Regional Property Manager for United Properties in Minneapolis, Minnesota. Mr. Martin holds a B.A. in Real Estate and an M.B.A. from St. Cloud State University, and has earned the designation of Certified Property Manager (CPM) and Certified Commercial Investment Manager (CCIM).

Nancy Andersen

Ms. Nancy B. Andersen is Senior Vice President, Principal Accounting Officer of the Company. Ms. Andersen joined the Company in October 2003 and had previously served as the Financial Officer, Assistant Controller, Controller, Vice President and Chief Accounting Officer of the Company. She holds a B.S. in Accounting and Finance from Minot State University, and has earned the designation of Certified Public Accountant.

Matthew Volpano

Mr. Matthew M. Volpano is Senior Vice President - Capital Markets of the Company. He previously served as Senior Vice President – Investments from September 20, 2016 to May 2017. Mr. Volpano joined the Company in 2009 as the Director of Acquisitions & Business Development and was promoted to Vice President – Investments in 2015. Prior to joining the Company, he worked in development, asset management and brokerage with United Properties, as an investment banker with Robert W. Baird & Co., and as a public accountant with Arthur Andersen LLP. Mr. Volpano earned his Bachelor of Business Administration degree from the University of Wisconsin–Madison and his M.B.A. from the Tuck School of Business at Dartmouth. He holds licenses as a Certified Public Accountant and a real estate broker.

Michael Dance

Mr. Michael T. Dance is an Independent Trustee of the Company. He has over 23 years of real estate industry experience and over 35 years of accounting and finance experience. From 2005 until he retired in late 2015, Mr. Dance served as Executive Vice President and Chief Financial Officer of Essex Property Trust, Inc. (NYSE: ESS), an S&P 500 Company and publicly traded REIT that acquires, develops, redevelops and manages multifamily residential properties in select West Coast markets. From 2002 to 2005, Mr. Dance was an independent consultant providing SOX compliance consultation and litigation support, and an adjunct Professor for the University of California at Berkeley, Haas School of Business. Mr. Dance began his career at KPMG in 1978, and was a partner from 1990 to 2002. He received his Bachelor's degree in Economics from California State University, East Bay, and is a Certified Public Accountant (retired).

Linda Hall Keller

Dr. Linda J. Hall Keller, Ph.D., is an Independent Trustee of the company. Since 2008, Ms. Hall has been Entrepreneur-in-Residence at the Carlson School of Management, University of Minnesota. Ms. Hall has 42 years of executive experience in the manufacturing and service sectors, including healthcare, venture capital financing, employee benefits, and teaching. During her career, she has launched 14 start-up companies as an executive, director or consultant, including three inside $1 billion plus companies. Ms. Hall also has 20 years of experience serving on the boards of privately held and publicly reporting companies in the United States and Europe, including serving as the chair of compensation, compliance, governance and nominating committees and as a member of audit committees. Ms. Hall currently serves on the boards of Amedisys (NASDAQ: AMED), Ascension Ventures and DentaQuest. She previously served on the boards of three publicly held companies: Health Fitness Corporation (NASDAQ:HFIT) from 2001 until it was acquired in 2010, MTS Systems Corporation (NASDAQ:MTS) from 1995 to 2006, and August Technology (NASDAQ:AUGT) from 2002 until it was acquired in 2006. She also previously served on the board of a privately held European company Laastari/R Clinic from 2010 to 2015. She is a Phi Beta Kappa graduate of the University of Michigan, and received a PhD from the University of Minnesota.

Terrance Maxwell

Mr. Terrance P. Maxwell is an Independent Trustee of the Company. He has been the Chief Financial Officer since March 2015 and a Managing Director and member of the Executive Committee since May 2014 of Robert W. Baird & Co. Incorporated ("Baird"), an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Prior to this, he had served in several positions at Baird, including Director of Corporate Development and Strategic Investment from May 2014 until March 2015 and head of Investment Banking from 1997 to 2006, and has served on the board of Baird and a number of Baird-affiliated companies. From March 2011 through May 2012, Mr. Maxwell provided management consulting services to and/or served on the board of Flatirons Solutions Corporation, a Baird private equity portfolio company. From August 2006 through May 2010, and again from August 2011 through May 2014, Mr. Maxwell was a Lecturer at the University of Wisconsin-Madison, where he taught courses on corporate financing, corporate restructuring, investment banking and mergers and acquisitions. From January 2012 through September 2013, he served as co-CEO of a start-up company, The Art Commission, LLC, and served as a director until July 2015. Currently, Mr. Maxwell is a member of the board of the Greenhouse Funds, an independent asset management company in which Baird has a strategic investment. Mr. Maxwell received an M.B.A. from the Kellogg School of Management at Northwestern University.

Jeffrey Miller

Mr. Jeffrey L. Miller is independent Trustee of the Company. He has served as a trustee of the Company since 1985, and had served as Chair of the Board of Trustees from 2002 until April 27, 2017. Mr. Miller has been a private investor for the past six years and is currently the managing partner of two privately held real estate limited liability partnerships: Miller Properties, LLP and K&J Miller Holdings LLP. From 1970 to 2006, he was the President of M&S Concessions, Inc., a food service and facility- management company. From 1978 until the sale of the company in 1994, he was the President of Coca-Cola Bottling of Minot, North Dakota.

John Schissel

Mr. John A. Schissel is Independent Trustee of the Company. He has over 26 years of real estate industry experience and over 13 years of accounting and finance experience. From 2015 to the present, Mr. Schissel has served as the President and Chief Financial Officer for Carr Properties, LLC, a privately held REIT focused on the ownership, acquisition and development of high-quality office properties in the greater Washington area. Previously he had served as Chief Financial Officer and Executive Vice President of Carr Properties from 2004 until 2009. From 2014 through 2015, Mr. Schissel served as the Executive Vice President and Chief Financial Officer of Invitation Homes, one of the nation's largest owners and operators of single-family rental homes. From 2009 through 2014, Mr. Schissel served as Executive Vice President and Chief Financial Officer of BRE Properties, Inc., a multifamily REIT based on the West Coast. He received his Bachelor of Science degree in Business Administration with a concentration in finance from Georgetown University.

Basic Compensation