By Adam L. Cataldo

NNN REIT has tapped Vincent Chao to be its next chief financial officer.

He succeeds Kevin Habicht, who plans to retire and step down as a member of the board of directors, effective March 31, NNN said Monday.

Chao will join NNN as executive vice president on Jan. 9 and assume the positions of CFO, assistant secretary and treasurer, effective April 1.

He was most recently managing director of finance at RPT Realty, which was acquired by Kimco Realty last year, NNN said. He was previously head of U.S. REIT research at Deutsche Bank Securities, and has worked at Procter and Gamble.

Habicht has been executive vice president and CFO since December 1993, treasurer since January 1998 and a director at the company since June 2000.

NNN, based in Orlando, Fla., is a real estate investment trust that invests in retail properties subject generally to long-term, net leases, the company said. NNN owned 3,549 properties in 49 states as of Sept. 30.

Write to Adam Cataldo at adam.cataldo@wsj.com

(END) Dow Jones Newswires

January 06, 2025 18:07 ET (23:07 GMT)

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