Realty Income Names Sumit Roy Senior Vice President,;; Real Estate Acquisitions
ESCONDIDO, Calif.--([ BUSINESS WIRE ])--Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), today announced that Sumit Roy has been named Senior Vice President, Real Estate Acquisitions. Mr. Roy will report to the companya™s Chief Investment Officer, John P. Case, and will primarily focus on the implementation of Realty Incomea™s investment strategy.
Prior to joining Realty Income, Mr. Roy was an investment banker in New York for nine years. Most recently, he was an Executive Director in the Global Real Estate, Lodging & Leisure Group, for UBS Investment Bank, where he covered real estate companies (including Realty Income) in the United States, and executed transactions in Argentina, Australia, Brazil, and Mexico. During Mr. Roya™s investment banking career, he was responsible for more than $57billion in real estate capital markets and advisory transactions. Prior to his tenure at UBS, he held positions as; Manager, Corporate Finance for Meadwestvaco, an Associate, Technology Investment Banking at Merrill Lynch, and as a Principal at Cap Gemini. Mr. Roy holds both a Bachelor and a Masters degree in Computer Science, and an MBA from the University of Chicago, Booth School of Business.
Commenting on the new Realty Income executive, Executive Vice President and Chief Investment Officer, JohnP.Case said, aI have known Sumit for six years and have worked with him on a broad array of real estate transactions. His diverse business and real estate experience, both domestically and internationally, will be materially additive to our investment efforts. We also believe that Sumit will be a great addition to our executive team and contribute to our success in a variety of important strategic areas.a
Realty Income, The Monthly Dividend Company®, is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has paid 493 consecutive common stock monthly dividends throughout its 42-year operating history and increased the dividend 62 times since Realty Incomea™s listing on the New York Stock Exchange in 1994. The monthly income is supported by the cash flow from over 2,500 properties owned under long-term lease agreements with regional and national retail chains and other commercial enterprises. The Company is an active buyer of commercial properties nationwide. Additional information about the Company can be obtained from the corporate website at [ http://www.realtyincome.com ].
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