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Sun Residential REIT (TSXV:SRES) appoints new CEO

Market News, Real Estate
TSXV:SRES
17 February 2023 09:00 (EDT)
Sun Residential Real Estate Investment Trust - Incoming CEO, Robert C. Wetenhall, Jr.

Source: LinkedIn

Sun Residential Real Estate Investment Trust (SRES) has appointed Robert C. Wetenhall, Jr. as Chief Executive Officer.

Wetenhall, Jr., who is currently a member of the board of trustees, will assume the role effective March 1, 2023.

The appointment follows the retirement of the current Chief Executive Officer, Gordon Wiebe.

“Gord was instrumental in the formation of Sun in 2019, taking the trust through three rounds of financing, then acquiring our property in January 2020,” said Dan Argiros, Chair of Sun.

“We are delighted that he will remain on the board of trustees as we continue to realize our potential as a REIT investing in the U.S. Sunbelt region,” he added.

Wetenhall is a Florida-focused real estate developer of luxury residential and multi-family properties located in Miami, Orlando, and Fort Myers, Florida. He is currently the chief executive officer and president of two private real estate development companies: Blue River Capital and Miami Venture Partners.

From 2018 to 2022, he was involved with corporate strategy, capital raising, and investor relations as Executive Vice President of Capital Markets for Five Point Holdings, LLC, one of the largest mixed-use developers in California.

Sun Residential Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust.

Sun Residential Real Estate Investment Trust (SRES) opened trading at $0.065 per share.


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