Four Springs Capital Trust (FSCT), a New Jersey-based real estate investment trust, has appointed Cynthia Morgenstern Daly as director of acquisitions.
As part of the FSCT team, Daly will play a key role in executing the company’s national growth strategy, which focuses on building a diversified portfolio of single tenant net leased retail, healthcare, industrial, and office properties.
She will have primary responsibility for sourcing and screening investment opportunities, underwriting property acquisitions, presenting investment opportunities to the company’s investment committee, and managing the acquisition process.
Coby Johnson, chief operating officer of the company, says: "Her extensive experience in building and managing a publicly traded net leased Reit will be incredibly valuable to our company’s future."
"Four Springs Capital Trust is at an important inflection point in its growth," says Daly. "I believe that the company has tremendous opportunities for growth and will become a leading single tenant net leased Reit. I look forward to contributing to FSCT’s future success."
Daly brings over 20 years of commercial real estate experience to Four Springs Capital Trust. Prior to joining FSCT, she served as executive vice president and director of Monmouth Real Estate Investment Corporation, a Reit focused on net leased industrial properties. In her ten years at MREIC, she managed the growth of the Reit’s portfolio from USD40m to approximately USD500m market capitalisation and helped the company’s property portfolio grow from approximately 1.5 million square feet to over seven million square feet, with properties located in 26 states.