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United States

TIER REIT Inc (TIER.N)

TIER.N on New York Stock Exchange

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15 Dec 2017
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Summary

Name Age Since Current Position

Richard Gilchrist

71 2015 Independent Chairman of the Board

Scott Fordham

49 2014 President, Chief Executive Officer, Director

Dallas Lucas

54 2014 Chief Financial Officer, Treasurer

James Sharp

44 2015 Executive Vice President, Chief Accounting Officer

William Reister

56 Executive Vice President, Chief Investment Officer

Telisa Schelin

44 2015 Executive Vice President, Secretary, Chief Legal Officer

Kent Griffin

47 2017 Independent Director

Thomas Herzog

54 2015 Independent Director

Dennis Martin

61 2016 Independent Director

Gregory Whyte

56 2017 Independent Director

George Ronald Witten

64 2004 Independent Director

Sherry Lane

2017 IR Contact Officer

Biographies

Name Description

Richard Gilchrist

Mr. Richard I. Gilchrist is an Independent Chairman of the Board of the Company. He has served as our non-executive chairman of the board since June 2015 and as an independent director since July 2014. Mr. Gilchrist has served as Senior Advisor to The Irvine Company (“Irvine”) since July 2011 and previously served as President of Irvine’s Investment Properties Group (“IPG”) from 2006 to July 2011. Irvine is a privately held company known as a best-of-class master planner and long-term owner, investor and operator of a large and diversified real estate portfolio. In his role as IPG President, Mr. Gilchrist guided Irvine’s office, retail, resort and apartment properties in Southern California and Silicon Valley, including development, marketing and management. Prior to joining Irvine, Mr. Gilchrist served as President and Co-Chief Executive Officer of Maguire Properties, Inc., where he oversaw significant growth in the company’s portfolio through acquisitions and development, and spearheaded its successful initial public offering in 2003. Before joining Maguire Properties, Mr. Gilchrist served as President and Chief Executive Officer of the privately held real estate investment trust (“REIT”), Commonwealth Atlantic Properties. Mr. Gilchrist currently serves as a member of the Whittier College Board of Trustees and the UCLA School of Law Board of Advisors. He previously served as Chairman of the Whittier College Board of Trustees and was also a co-founder and managing partner of CommonWealth Partners, LLC, an advisor and venture partner with the California Public Employees’ Retirement System, and a senior partner of Maguire Thomas Partners, a national real estate developer and operator. Mr. Gilchrist currently serves as a director of Ventas, Inc. (NYSE: VTR),

Scott Fordham

Mr. Scott W. Fordham is President since 2013, Chief Executive Officer since 2014, Director since July 2014 of TIER REIT, Inc. Mr. Fordham has more than 25 years of experience in commercial real estate with an emphasis on strategy, transactions, corporate finance and capital markets. In May 2008, Mr. Fordham joined the Company’s former advisor in an effort to assemble a dedicated management team and has served as president since February 2013 and chief executive officer since May 2014. Prior to joining the Company, he was an executive with Prentiss Properties Trust, a publicly listed REIT, and its successor, Brandywine Realty Trust (NYSE: BDN), as well as Apartment Investment and Management Company (Aimco) (NYSE: AIV). Mr. Fordham received a bachelor of business administration degree in accounting from Baylor University and is a member of the National Association of Real Estate Investment Trusts (NAREIT) and other professional and charitable organizations.

Dallas Lucas

Mr. Dallas E. Lucas, CPA, is Chief Financial Officer, Treasurer of the Company since May 2014. Mr. Lucas served as chief financial officer of Intrawest ULC (“Intrawest”) from July 2012 to October 2013. Intrawest is a developer and operator of destination resorts. Prior to joining Intrawest, Mr. Lucas was a founding partner of Pacshore Partners, a Los Angeles-based real estate investment company. He also served as chief executive officer and president and as a director of Pacific Office Properties Trust, Inc., a publicly traded REIT, from September 2007 to August 2009. He served as executive vice president and chief financial officer of Maguire Properties, Inc., a publicly traded REIT, from July 2002 to March 2007, and he served as chief financial officer and vice president and as a director of NorthStar Capital Investment Corp. from August 1998 to July 2002. From December 1993 to August 1998, he served as senior vice president and chief financial officer of Crescent Real Estate Equities Inc., a publicly traded REIT. He began his career as an auditor with Arthur Andersen & Company in 1984 until joining Crescent in 1993. He received a bachelor of business administration degree in accounting from the University of Oklahoma.

James Sharp

Mr. James E. Sharp is Chief Accounting Officer, Executive Vice President of TIER REIT, Inc., since 2015. Mr. Sharp has more than 20 years of experience in accounting and auditing related to public and private real estate companies. From January 1996 until March 2000, and again from April 2003 until joining the Company’s former advisor in October 2010, he worked as an auditor in public accounting with Ernst & Young LLP, serving primarily public and private real estate companies, including various REITs, homebuilders and real estate investment companies. From March 2000 until March 2003, he served in an accounting and finance role with Terrabrook, a national master-planned community developer with a portfolio of over 50 communities in 20 states. Mr. Sharp is a certified public accountant in the State of Texas and received a bachelor of business administration degree in accounting from the University of Texas at Austin.

William Reister

Mr. William J. Reister is Executive Vice President, Chief Investment Officer of TIER REIT, Inc. Mr. Reister has over 30 years of experience in the commercial real estate industry, including investment management, finance, acquisitions, dispositions, development, leasing, property management, accounting and reporting. Prior to joining the Company’s former advisor in November 2009, from 1996 to 2008, Mr. Reister was a senior officer with Prentiss Properties Trust (“Prentiss”) and its successor, Brandywine Realty Trust, a publicly traded REIT (NYSE: BDN). During his tenure with Prentiss, he was responsible for acquisition, disposition, leasing, asset management and operations activities of its portfolio of office properties located in Dallas, Austin, Houston, Denver and Southern California. Prior to this role, Mr. Reister was a senior corporate finance officer responsible for portfolio level acquisitions and financing. Mr. Reister was also a member of the executive team that formed Prentiss upon its successful initial public offering, which was the culmination of investments of Prentiss Properties Realty Advisors (“PPRA”), of which Mr. Reister was a founding officer. PPRA raised the institutional capital that was invested in what became the core portfolio of Prentiss. Prior to these activities, Mr. Reister was the senior operations controller for Prentiss Properties Limited, a corporate controller for Cadillac Fairview and a senior auditor for PricewaterhouseCoopers LLP. Mr. Reister received a bachelor of business administration degree in accounting from the University of Texas at Austin, is a former certified public accountant in the State of Texas and is a member of the Urban Land Institute and serves on its Office Development Council.

Telisa Schelin

Ms. Telisa Webb Schelin is chief legal officer, executive vice president and secretary of TIER REIT, Inc., since 2015. Ms. Schelin is responsible for all legal aspects of the Company, including corporate governance, public company reporting, securities offerings, mergers and acquisitions, lease and contract administration, risk management, litigation management, human resources, employment and benefits matters, and finance, real estate, and commercial business transactions. Ms. Schelin has almost 20 years of experience in the corporate, securities and regulatory environment. Prior to joining the Company’s former advisor in 2005, she was in private practice with Gardere Wynne Sewell LLP where she advised clients on a wide variety of corporate and securities matters. Ms. Schelin is licensed to practice law in Texas and Oklahoma and received a juris doctor degree with highest honors and a bachelor of arts degree in political science from the University of Tulsa.

Kent Griffin

Mr. Kent R. Griffin is an Independent Director of the company. Mr. Griffin served from 2008 to 2015 as President and Chief Operating Officer of BioMed Realty (formerly NYSE: BMR), a leading provider of real estate for the life science industry. Mr. Griffin joined BioMed Realty as Chief Financial Officer in 2006. Previously, Mr. Griffin worked as an investment banker for J.P. Morgan in New York and San Francisco and for Raymond James in St. Petersburg. Mr. Griffin also served in a variety of attest and advisory positions for Arthur Andersen as part of their real estate services group. Mr. Griffin holds an MBA from the University of North Carolina at Chapel Hill and holds a BSBA from Wake Forest University. Mr. Griffin is a member of the Board of Advisors for Pilot Mountain Ventures, a private investment fund. In addition to serving on the Board of Directors for Charleston Waterkeeper, Mr. Griffin is a member of the Board of Advisors for the Leonard W. Wood Center for Real Estate Studies and is on the Board of Visitors for the Wake Forest University School of Business.

Thomas Herzog

Mr. Thomas M. Herzog is an Independent Director of the Company since 2015. Mr. Herzog has served as the chief executive officer of HCP, Inc. (NYSE: HCP), a fully-integrated REIT serving the U.S. healthcare industry. Mr. Herzog was the Chief Financial Officer of HCP, Inc. from June 2016 to December 2016. Previously, Mr. Herzog served as the Chief Financial Officer of UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, from January 2013 to June 2016; Amstar, a Denver-based real estate investment company, from 2011 to 2013; HCP, Inc. from 2009 to 2011; and Aimco (NYSE: AIV) from 2005 to 2009. Mr. Herzog also held the position of Chief Accounting Officer at Aimco from 2004 to 2005. Prior to joining Aimco, Mr. Herzog spent four years at GE Real Estate as an executive and ten years at the accounting firm Deloitte & Touche LLP.

Dennis Martin

Mr. Dennis John Martin is an Independent Director of TIER REIT, Inc. Mr. Martin was the Chief Financial Officer of Carefree Communities, Inc., a privately-held real estate investment trust that owned and operated manufactured home communities and destination RV resorts, from March 2014 until the company’s sale in June 2016. From 2010 to 2013, Mr. Martin was the Chief Financial Officer of American Residential Communities, a privately-held operator of manufactured home communities. Previously, Mr. Martin served as a Senior Vice President of HCP, Inc. (NYSE: HCP) from 2008 to 2010 and Aimco (NYSE: AIV) from 2004 to 2008. Mr. Martin held the positions of Vice President of Investor Relations and Senior Vice President Corporate Planning & Treasurer at ICG Communications Inc. from 1999 to 2002 and was employed for 18 years by Gulf Canada from 1981 to 1999, at the time one of Canada’s largest oil and gas companies, and held the position of Director Strategic Planning and Investor Relations for Gulf Canada and its 72%-owned subsidiary Gulf Indonesia. Mr. Martin currently serves as an independent director of Petro Motion, Inc., a private Canadian company in the oil services sector.

Gregory Whyte

Mr. Gregory J. Whyte is an Independent Director of the company. Mr. Whyte has been involved extensively in the REIT and publicly-traded real estate securities industry since 1987, as both an equity research analyst and, more recently, in investment banking. From 2007 until 2016, Mr. Whyte was Senior Advisor in the Real Estate Leisure and Lodging Investment Banking group at UBS Securities. Prior to that, he was a Managing Director, Global Head of Real Estate Equity Research at Morgan Stanley from 1991 to 2006, and was consistently named to the annual Institutional Investor All-America Research Team, and Greenwich Associates Research Poll. From 1988 to 1990, Mr. Whyte was a senior research analyst at Lehman Brothers; and for UAL Merchant Bank in South Africa from 1984 to 1987. He received a Bachelor of Commerce, Business Finance from the University of Natal in 1982, and an Honours Degree, Advanced Business Finance from the University of Natal in 1983. He has been a member of NAREIT since 1988.

George Ronald Witten

Mr. George Ronald Witten is an Independent Director of TIER REIT, Inc., since April 2004. Mr. Witten has over 40 years of experience in the commercial real estate industry. Since January 2001, Mr. Witten has served as president of Witten Advisors, LLC, a market advisory firm providing ongoing market advisory services to apartment developers, investors and lenders nationwide to identify the location and timing of future development and acquisition opportunities in major markets. Mr. Witten began his career in 1973 at M/PF Research, Inc., a national leader in apartment market data and market analysis, and served as its president from 1978 to 2000. Mr. Witten has been an active member of the Urban Land Institute, where he served as chairman of both the Multi-Family Silver Council and the Multi-Family Gold Council, and the National Multi Housing Council and its research advisory group. Mr. Witten received a bachelor of business administration degree from Texas Tech University and has completed graduate classes in statistics and economics at Southern Methodist University.

Sherry Lane

Basic Compensation