Michael D. McKee, Non-Executive Chairman of the Board at Realty Income, said, On behalf of the Board, He want to recognize Ron for his countless contributions to Realty Income, spanning nearly two decades. Since Ron became a member of the Board in 2005, Realty Income has accomplished a number of noteworthy goals, such as entering the S&P 500 Dividend Aristocrats Index®, growing into Europe, and paying out more dividends than $10 billion. Ron’s leadership and direction during a variety of economic cycles and the company’s evolution helped to support these accomplishments. Ron’s diligence, his commitment to efficient oversight, and his unwavering focus on increasing value for our stockholders are greatly appreciated.
Ron had a significant influence on the establishment of Realty Income, and for that Realty Income is grateful. According to President and CEO Sumit Roy, His vast knowledge and flexible approach to our business’s development has added immeasurable value. He was thrilled to have Jeff join our board as well. As we continue on our path of deliberate growth, Jeff’s experience running elite global real estate asset management organizations and his wide-ranging industry ties will be a huge advantage.
Former Global Chief Executive Officer Jeff A. Jacobson led LaSalle Investment Management, the real estate investment division of Jones Lang LaSalle Inc., from 2007 to 2021. He was the European Chief Executive Officer of LaSalle from 2000 to 2006 before that. Prior to this, Mr. Jacobson had a number of executive roles at LaSalle and the real estate holding business Security Capital Group, Inc. Mr. Jacobson has been investing in real estate for more than 35 years. In particular, he served on three regional investment committees in North America, Europe, and Asia while he was employed at LaSalle. He is skilled in a wide range of asset classes, investment structures, risk-return ratios, and geographic markets. He joined Cadillac Fairview Corporation in 2022 and is currently Chairman of the Board. The Ontario Teachers’ Pension Plan is the sole owner of Cadillac Fairview, which is a company that develops, owns, and manages office, retail, multi-family residential, industrial, and mixed-use assets in North America. In addition, Mr. Jacobson serves as a Senior Adviser for The Vistria Group, a private investment company that makes investments in vital sectors including housing, healthcare, and finance. Mr. Jacobson graduated from Stanford University’s Food Research Institute with a Master of Arts degree in arts and a Bachelor of Arts degree in economics. Mr. Jacobson is anticipated to become a member of Realty Income’s Audit Committee upon his appointment to the Board.
A constituent of the S&P 500 Dividend Aristocrats® index, Realty Income is The Monthly Dividend firm® and an S&P 500 firm. We make long-term, consistent monthly dividend investments in people and places. The business is set up as a REIT, and the cash flow from more than 13,250 real estate properties—the majority of which are held under long-term net lease agreements with commercial clients—supports the company’s monthly dividend payments. In its 55-year history of operations, the company has declared 644 consecutive monthly dividends on common stock, and since Realty Income went public in 1994, the dividend has raised 123 times.
