Getty Realty Corp., a publicly traded REIT focused solely on ownership and leasing of retail motor fuel and convenience store properties, has hired Mike Ross as senior director of acquisitions.
Ross has more than 15 years of origination experience at well-known industry firms including: Trustreet Properties, Merrill Lynch and FMAC.
Ross will be based in Dallas and will work closely with Getty Realty Executive Vice President Kevin Shea to pursue Getty’s strategy of aggressively growing the company’s convenience store and gasoline marketing assets.
“Mike’s location, experience and in depth knowledge of our industry and its players are an exciting addition to the Getty team. His addition enhances our focus on pursuing growth through providing capital to the convenience store and gasoline marketing industry,” Shea said.
“Getty’s Board has charged management with the task of significantly growing the company in the coming years,” said David Driscoll, Getty’s recently appointed president and CEO. ”During the past 14 months we have added assets, increased our equity float and reduced our borrowing levels. Our intent is to continue our growth trajectory and by expanding our origination staff we are redoubling our efforts to acquire portfolios by providing competitively priced and innovatively structured capital to the industry.”
The company currently owns properties throughout the U.S. (including Hawaii), operating under a variety of brands including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha.
“We are seeking to expand both our brand and geographic coverage throughout the U.S. and into Canada as well. Mike, with his broad industry knowledge and national reputation, will be an important element to achieving this growth and we are proud he has chosen to join our team,” Driscoll said.