CHICAGO - Equity Residential (NYSE: NYSE:EQR), a prominent player in the residential property market, announced today the expansion of its Board of Trustees with the addition of Ann C. Hoff and Nina P. Jones, both fulfilling the New York Stock Exchange's criteria for independent trustees.
The appointments bring the total number of board members to 11, with Ms. Hoff joining the Audit Committee and Ms. Jones serving on both the Audit and Corporate Governance Committees.
Ms. Hoff, 57, currently holds the position of President and Chief Operating Officer at Bellagio and Park MGM, part of MGM Resorts (NYSE:MGM) International (NYSE: MGM). With a tenure at MGM that began in 1990, Hoff has accumulated extensive experience in the operations and strategic management of casino resorts. She is a University of Nevada, Las Vegas alumna, where she earned a B.S. in Hotel and Restaurant Management.
Ms. Jones, 44, brings over 15 years of real estate investment expertise from her tenure at T. Rowe Price, a global investment management firm.
Having recently retired as Vice President and Portfolio Manager of the U.S. Real Estate Equity Strategy, Jones has a strong background in finance, holding a B.S. in Accounting and Finance from the University of Maryland and an M.B.A. from Columbia University Graduate School of Business. She also serves on the board of Simon Property Group (NYSE: NYSE:SPG).
Mark J. Parrell, President and CEO of Equity Residential, expressed enthusiasm for the new appointees, citing Hoff's operational and customer strategy experience and Jones's in-depth understanding of public real estate investment as valuable assets to the company's board.
Equity Residential, a member of the S&P 500, specializes in acquiring, developing, and managing residential properties in vibrant cities known for attracting affluent long-term renters. The company currently has a portfolio of 302 properties, which includes approximately 80,191 apartment units across key U.S. cities and is actively expanding its footprint.
The recruitment of Ms. Hoff was facilitated by Ferguson Partners, a firm specializing in executive search for the real estate investment trust (REIT) industry. The information regarding the new board appointments is based on a press release statement from Equity Residential.
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