Weekly Real Estate News
Nashville-headquartered Healthcare Realty Trust Inc. (NYSE: HR) announced that Todd Meredith will step down as president and CEO and as a member of the board of directors, effective immediately.
No reason was given for Meredith’s departure. Board Chairman Knox Singleton said in a statement, “On behalf of the board and the company, I want to thank Todd for his 23 years of dedicated service to Healthcare Realty, eight of which he spent as president and CEO. We wish him well in his future endeavors.”
The board has appointed Constance “Connie” Moore, current Healthcare Realty board member and former president and CEO of BRE Properties Inc., as interim president and CEO while a committee has been formed to secure a permanent replacement for Meredith. The board seat occupied by Meredith will not be immediately filled.
Healthcare Realty is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The company’s portfolio includes nearly 675 properties totaling approximately 40 million square feet concentrated in 15 markets.
Photo of Todd Meredith courtesy of Healthcare Realty Trust
