Global Medical REIT appoints Mark Decker Jr. as new CEO

BETHESDA, Md. - Global Medical REIT Inc. (NYSE: GMRE) has appointed Mark Decker Jr. as Chief Executive Officer and President, effective immediately, according to a company press release. Decker will also join the Board of Directors.

Decker succeeds Jeffrey Busch, who will remain on the Board as non-executive Chairman. The leadership change comes as part of the Board’s efforts to bring "a fresh, strategic perspective" to the company’s portfolio management and growth initiatives.

Prior to joining GMRE, Decker founded and co-led the net lease real estate investment strategy at Proterra Investment Partners. He previously served as President, CEO, Trustee and Chief Investment Officer at Centerspace (NYSE: CSR) for nearly seven years, where he led the company’s transition to a focused apartment owner-operator. During his tenure, CSR maintained its impressive 29-year streak of consecutive dividend payments, currently offering a 4.94% yield. The company, now valued at $1.1 billion, has shown modest revenue growth of 2.19% over the last twelve months. According to InvestingPro, subscribers can access 12+ additional key metrics and insights about CSR’s performance and valuation.

Decker’s earlier career included positions as Managing Director and U.S. Group Head of Real Estate Investment and Corporate Banking at BMO Capital Markets, with over two decades of experience as a senior banker focusing on growth and transformational transactions for real estate companies.

"I want to thank the Board for this opportunity and their confidence in me. I’m excited to begin work with our team as we write the next chapter for the business," Decker said in the statement.

Lori Wittman, Lead Independent Director of GMRE, expressed gratitude to outgoing CEO Busch for his leadership since the company’s founding.

Global Medical REIT is a net-lease medical real estate investment trust that acquires and manages healthcare facilities, leasing them to physician groups and healthcare systems. InvestingPro offers comprehensive analysis of GMRE’s performance, including detailed Fair Value estimates, financial health scores, and expert insights in its Pro Research Report, available to subscribers as part of the platform’s coverage of 1,400+ US equities.

In other recent news, Centerspace reported its first-quarter 2025 earnings, revealing a revenue of $67.1 million, which exceeded the forecast of $66.44 million. Despite this revenue beat, the company’s earnings per share (EPS) of -0.22 fell short of the expected -0.2. The company maintains a strong occupancy rate of 96%, supported by strategic investments in high-demand regions. Centerspace’s positive revenue performance is attributed to its strategic focus on the Midwest and Mountain West markets. The company also reaffirmed its full-year core funds from operations (FFO) guidance of $4.98 per share, anticipating sustained occupancy rates and improvements in new lease rates. In another development, Sterling Real Estate Trust announced the resignation of its Chief Financial Officer, Elizabeth Reich, effective May 23, 2025. The Trust is actively searching for a successor to ensure a smooth transition in its financial leadership. Sterling Real Estate Trust has not disclosed further details regarding the reasons for Reich’s resignation.

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