Realty Income Corporation (Realty Income), The Monthly Dividend Company
, (NYSE:O), today announced that John P. Case has been named Co-President of Realty Income. John will also continue as Chief Investment Officer and will join Co-President and Chief Operating Officer, Gary Malino, in running the day-to-day operations of the company. Mr. Case will oversee all of the company’s investment activities, capital markets, finance and accounting, corporate communications and investor relations functions. He will also join Mr. Malino in working with Chief Executive Officer, Tom A. Lewis, on the company’s long-term corporate strategy and operational structure.
Since joining Realty Income three years ago as Executive Vice President and Chief Investment Officer, Mr. Case has been responsible for implementing the company’s expanded acquisitions strategy focused on increasing the size, quality and diversity of its real estate portfolio. During this period, the company has acquired 1,288 single-tenant, net-leased properties, for approximately $6 billion, leased to 113 corporate tenants in 38 targeted industries. This growth has meaningfully increased the diversification of Realty Income’s portfolio, while increasing the percentage of rental revenue generated by investment-grade tenants from 0 to 34%.
Prior to joining Realty Income, John was a real estate investment banker in New York, for 19 years, and most recently was Co-Head of Real Estate Investment Banking for RBC Capital Markets, where he also served on the firm’s Global Investment Banking Management Committee. Additionally, John was Co-Head of Americas Real Estate Investment Banking at UBS, from 2006 to 2009. He began his career in Real Estate Investment Banking at Merrill Lynch, where he worked for 15 years, and was named a Managing Director in 2000. During John’s career, he has been responsible for more than $100 billion in real estate capital markets and advisory transactions. John graduated from Washington and Lee University in 1986 with a Bachelor of Arts degree in Economics, and the Darden School of Business at the University of Virginia with a Master of Business Administration degree in 1992.