LAKE COMO, N.J.--(BUSINESS WIRE)--Four Springs Capital Trust, a real estate investment trust that invests in single-tenant net lease real estate, today announced that Michael S. Dana has been appointed to its Board of Trustees as a new independent member, effective September 6, 2017. With this announcement, Four Springs’ Board of Trustees now consists of seven members, including four members who are independent in accordance with New York Stock Exchange listing standards.
“We are excited to have Michael join our Board of Trustees,” said William P. Dioguardi, Chairman of the Board of Trustees and Chief Executive Officer of Four Springs. “With over 30 years of real estate and finance experience, including in capital markets, investment banking and direct investments in real estate, Michael brings significant insight and expertise that will make him a valuable addition to our Board. We are confident that Michael will be a great asset to Four Springs as we continue to grow.”
“I share Bill’s excitement about my joining the Board of Four Springs,” said Mr. Dana. “Four Springs has a proven track record of successfully investing in net lease real estate. Over the last 5 years, the Four Springs team has assembled a high quality portfolio of real estate with its focused investment strategy and has strategically built a robust net lease investment platform. I look forward to working with the entire Board and management team to continue to grow Four Springs into a leading net lease REIT and to create value for its shareholders."
Mr. Dana currently serves as President and Chief Executive Officer of Onex Real Estate Partners, a division of Onex Corporation (TSX:ONEX), a publicly traded investment management company with approximately $25 billion of assets under management. From the beginning of his tenure at Onex Real Estate Partners in January 2005, Mr. Dana has been in charge of oversight of all real estate investment decisions as well as the strategic direction of Onex Real Estate Partners. Prior to forming Onex Real Estate Partners, Mr. Dana accumulated over a decade of investment banking experience that culminated at Credit Suisse First Boston, where he served as the North American Head of Real Estate Investment Banking. During Mr. Dana’s tenure at Credit Suisse First Boston, Mr. Dana oversaw and advised both public and private companies on several billion dollars of transactions, including mergers and acquisitions, corporate recapitalizations, initial public offerings and other capital raising activities. Prior to investment banking, Mr. Dana ran the capital markets division of Equitable Real Estate.
