Key Takeaways
- • James Storey has resigned as chief executive of 360 Capital after 15 years with the group, according to a TipRanks report republished by The Globe and Mail.
- • Executive Chairman Tony Pitt will assume Storey's responsibilities, with support from the broader team, providing leadership continuity.
- • The announcement was made via a 360 Capital REIT update, and the company acknowledged Storey's contributions across real estate debt and equity investments.
- • 360 Capital REIT (ASX: TOT) is a real estate investment fund with a fully leased, diversified direct property portfolio, and reports a market capitalization of approximately A$88.34M.
Summary
James Storey has resigned as chief executive of 360 Capital after 15 years with the group, according to a report from TipRanks carried by The Globe and Mail. The announcement was issued as an update from 360 Capital REIT (AU:TOT), the listed real estate investment fund that the group manages.
Executive Chairman Tony Pitt will assume Storey's responsibilities, supported by the broader team. The company stated that this arrangement is intended to provide leadership continuity. The fund also acknowledged Storey's contribution across the group's real estate debt and equity investments during his tenure.
360 Capital REIT is described as a real estate investment fund with a fully leased, diversified direct property portfolio. Its strategy includes structured real estate equity investments aimed at enhancing income returns, with a focus on earnings growth and potential capital gains for securityholders. The TipRanks profile lists average trading volume of 77,124 and a current market capitalization of A$88.34M.
The primary source provides no further detail on the timing of the transition, a successor search, or the reasons for Storey's departure.
Executive Chairman Tony Pitt will assume Storey's responsibilities, supported by the broader team. The company stated that this arrangement is intended to provide leadership continuity. The fund also acknowledged Storey's contribution across the group's real estate debt and equity investments during his tenure.
360 Capital REIT is described as a real estate investment fund with a fully leased, diversified direct property portfolio. Its strategy includes structured real estate equity investments aimed at enhancing income returns, with a focus on earnings growth and potential capital gains for securityholders. The TipRanks profile lists average trading volume of 77,124 and a current market capitalization of A$88.34M.
The primary source provides no further detail on the timing of the transition, a successor search, or the reasons for Storey's departure.
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