NNN REIT, Inc. Appoints Joshua P. Lewis Executive Vice President, Chief Investment Officer
Rhea-AI Summary
NNN REIT (NYSE:NNN) has appointed Joshua P. Lewis as Executive Vice President and Chief Investment Officer. Lewis, who has been with the company since 2008, most recently served as Senior Vice President and Head of Acquisitions since August 2022. Prior to joining NNN, he spent 13 years at BofA Securities in real estate capital markets and investment banking.
Lewis brings extensive experience in real estate investments, structuring, negotiation, and deal execution. CEO Steve Horn emphasized Lewis's proven track record as a pragmatic leader and skilled negotiator, highlighting his contribution to the company's portfolio growth and understanding of NNN's long-term strategy.
Positive
- Internal promotion demonstrates strong succession planning and talent retention
- New CIO brings 15+ years of company and industry experience
- Appointment ensures continuity in investment strategy given candidate's familiarity with company operations
Negative
- None.
News Market Reaction
On the day this news was published, NNN gained 1.84%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Mr. Lewis is responsible for leading the Company's real estate investments, including structuring, negotiation, and deal execution. Mr. Lewis has held roles of increasing responsibility within the Acquisitions team since joining the Company in 2008 and has served as Senior Vice President, Head of Acquisitions since August 2022. Prior to NNN, Mr. Lewis spent 13 years in the real estate capital markets and investment banking divisions at BofA Securities and its predecessor firms, where he held senior roles advising on and executing real estate financing transactions. Mr. Lewis is a cum laude graduate of
Steve Horn, Chief Executive Officer, commented: "We are excited to welcome Josh to our executive team. During his long tenure with NNN, he has proven to be a pragmatic leader and a skilled negotiator who has played an important role in the growth of our portfolio. His understanding of our long-term strategy paired with his vast network within our target industries make him a valuable addition to the team steering NNN into the future."
About NNN REIT, Inc.
NNN REIT invests in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures. As of March 31, 2025, the Company owned 3,641 properties in 50 states with a gross leasable area of approximately 37.3 million square feet and a weighted average remaining lease term of 10 years. NNN is one of only three publicly traded real estate investment trusts to have increased annual dividends for 36 or more consecutive years. For more information on the Company, visit www.nnnreit.com.
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SOURCE NNN REIT, Inc.
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