GERMANTOWN, Tenn.,
May 17,
2023 /PRNewswire/ -- Mid–America Apartment
Communities, Inc., ("MAA") (NYSE: MAA) today announced that
shareholders elected new directors, John
Case and Tamara Fischer, to
the Board of Directors at the company's 2023 Annual Meeting of
Shareholders held on May 16, 2023.
Both directors will serve as independent directors until the 2024
Annual Meeting of Shareholders. In conjunction with the
appointments, the Board of Directors increased the size of the
board to 13, as it executes its long–term director succession
plans. Mr. Case has been appointed to serve on the Real Estate
Investment and Compensation Committees and Ms. Fischer will serve
on the Real Estate Investment and Audit Committees.
Claude B. Nielsen, Chairman of
the Nominating and Corporate Governance Committee stated that, "We
are pleased that MAA shareholders showed overwhelming support for
the additions of Tammy and John to our board. They bring a wealth
of experience and knowledge that will maintain critical expertise
on our board as we say goodbye to Phil
Norwood, who provided 15 years of dedicated service to MAA
and its shareholders."
Mr. Case served as the CEO, President and member of the board of
directors of Realty Income Corporation from 2013 to 2018, after
serving as President in 2013, and EVP, Chief Investment Officer
from 2010 to 2013. Prior to joining Realty Income Corporation, Mr.
Case worked as a real estate investment banker from 1991 until
2010. Mr. Case served as Partner and Senior Advisor of Ares
Management Corporation from 2020 until early 2023 and has served as
Chairman and Principal of Bunker Hill Group since 2019.
Ms. Fischer currently serves as the Executive Chairman of
National Storage Affiliates Trust, having previously served as
President and CEO from 2020 until April 1,
2023. From 2018 to 2019, Ms. Fischer served as President and
CFO, after serving as EVP and CFO from 2013 until 2018. Prior to
joining National Storage Affiliates Trust, Ms. Fischer served as
EVP and CFO for Chateau Communities, Inc. from 1993 until 2003 and
held various positions with Coopers & Lybrand (now
PricewaterhouseCoopers) from 1984 until 1992.
Commenting on the appointments, H. Eric
Bolton, Jr., Chairman of the Board of Directors and Chief
Executive Officer, said, "In addition to Tammy and John's extensive
expertise with real estate investments and REIT structures, their
current and prior service on other public REITs as well as their
extensive participation and leadership on numerous industry
associations will be helpful in our strategy endeavors towards
building value for MAA shareholders."
Mr. Case's public board experience includes currently serving on
the board of directors of EPR Properties and past service on the
board of directors for Duke Realty Corporation from 2018 until
2022, and Realty Income Corporation from 2013 until 2018. Ms.
Fischer's public board experience includes currently serving on the
board of directors for National Storage Affiliates Trust since 2020
and past service on the board of directors of Duke Realty
Corporation from 2020 until 2022.
About MAA
MAA, an S&P 500 company, is a real estate investment trust
(REIT) focused on delivering full–cycle and superior investment
performance for shareholders through the ownership, management,
acquisition, development and redevelopment of quality apartment
communities primarily in the Southeast, Southwest and Mid–Atlantic
regions of the United States. As
of December 31, 2022, MAA had
ownership interest in 101,986 apartment units, including
communities currently in development, across 16 states and the
District of Columbia. For further
details, please visit the MAA website
at www.maac.com or contact Investor
Relations at investor.relations@maac.com, or via
mail at MAA, 6815 Poplar Ave., Suite
500, Germantown,
TN 38138, Attn: Investor
Relations.
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SOURCE MAA