Aviv REIT Announces Hiring Of Mark L. Wetzel As Chief Financial Officer And
CHICAGO, Nov. 11, 2013
CHICAGO, Nov. 11, 2013 /PRNewswire/ -- Aviv REIT, Inc. ("Aviv" or the
"Company") (NYSE: AVIV) announced today that it has hired Mark L. Wetzel as
Chief Financial Officer and Treasurer of the Company. Mr. Wetzel replaces
James H. Lyman, the Company's previous Chief Financial Officer and Treasurer.
"We are excited to have Mark join Aviv and we are confident that he will be a
significant addition to our already best-in-class executive management team,"
said Craig M. Bernfield, Chairman and Chief Executive Officer of Aviv. "We are
confident about significantly growing our business in the near-term and we
believe that Mark's credibility in the capital markets, as well as his
capabilities, background and experience, will enhance our prospects. Given
Mark's long-term and meaningful experience as a public REIT executive, most
recently as the Chief Financial Officer of DuPont Fabros Technology (NYSE:
DFT), as well as his previous successful tenure at Equity Residential, we are
confident that he will successfully lead all of our capital markets activities
as we grow the business. We believe that Mark's character, personality and
leadership will be a great fit for the Aviv culture and we look forward to
Mark being an integral part of our long-term success."
About Mark L. Wetzel
Mr. Wetzel served as Executive Vice President, Chief Financial Officer and
Treasurer of DuPont Fabros Technology, Inc. (NYSE: DFT), a wholesale data
center REIT from 2008 to 2013 where he was responsible for all matters
relating to accounting, corporate finance, capital markets and investor
relations. From 2006 to 2007, Mr. Wetzel was the Chief Financial Officer of
Vornado Realty Trust's Merchandise Mart division. From 1994 to 2006, Mr.
Wetzel served in various senior executive financial positions with Equity
Residential, most recently serving as Senior Vice President and Chief
Accounting Officer. From 1982 to 1994, Mr. Wetzel served in various positions
in the real estate and public accounting industries. Mr. Wetzel received a
Master of Business Administration degree from Xavier University and a Bachelor
of Science degree in Accounting from Gannon University. Mr. Wetzel is also a
non-practicing Certified Public Accountant.
Aviv REIT, Inc., based in Chicago, is a real estate investment trust that
specializes in owning post-acute and long-term care skilled nursing facilities
and other healthcare properties. Aviv is one of the largest owners of SNFs in
the United States and has been in the business for over 30 years. The Company
currently owns 274 properties that are triple-net leased to 37 operators in 29
For more information about the Company, please visit our website
atwww.avivreit.comor contact: David J. Smith, Managing Director, Investor
Relations & Capital Markets at 312-855-0930.
This press release may include forward-looking statements. Forward-looking
statements can be identified by the use of words such as "may," "should,"
"expects," "plans," "anticipates," "believes," "estimates," "predicts,"
"intends," "continue" or similar terminology. These forward-looking
statements are made based on our current expectations and beliefs concerning
future events affecting us and are subject to uncertainties and factors
relating to our operations and business environment, all of which are
difficult to predict and many of which are beyond our control, that could
cause our actual results to differ materially from those matters expressed in
or implied by these forward-looking statements. These uncertainties include,
but are not limited to, uncertainties relating to the operations of our
tenants, including those relating to reimbursement by government and other
third-party payors, compliance with regulatory requirements and occupancy
levels, regulatory, reimbursement and other changes in the healthcare
industry, the performance and reputation of our tenants, our ability to
successfully engage in strategic acquisitions and investments, the effect of
general market, economic and political conditions, the availability and cost
of capital, changes in tax laws and regulations affecting REITs and our
ability to maintain our status as a REIT. Important factors that could cause
actual results to differ materially from our expectations include those
disclosed under "Risk Factors" and elsewhere in filings made by Aviv REIT,
Inc. and Aviv Healthcare Properties Limited Partnership with the SEC.
SOURCE Aviv REIT, Inc.
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