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April 21, 2015 9:51 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Global Income Trust, Inc.

Company Overview

Global Income Trust, Inc. focuses on the acquisition and operation of commercial real estate and real estate-related assets in the United States. The company’s investments would include the investment in and origination of real estate-related investments, such as mortgage, mezzanine, bridge, and other loans; and debt securities, including commercial mortgage-backed securities and those issued by other real estate companies, and equity securities of real estate companies. It intends to invest in various sectors, including office properties, retail centers, business and industrial parks, multifamily properties, hospitality properties, healthcare properties, and self storage properties, as well...

CNL Center at City Commons

450 South Orange Avenue

Orlando, FL 32801-3336

United States

Founded in 2009

Key Executives for Global Income Trust, Inc.

Chief Executive Officer
Age: 66
Age: 55
Chief Financial Officer and Treasurer
Chief Accounting Officer and Senior Vice President
Age: 47
Chief Legal Officer, Senior Vice President and Secretary
Age: 42
Compensation as of Fiscal Year 2014.

Global Income Trust, Inc. Key Developments

Global Income Trust, Inc. Announces Executive and Management Changes

On August 11, 2014, Andrew A. Hyltin announced his resignation effective August 31, 2014 as chief executive officer and president of Global Income Trust, Inc. Mr. Hyltin will continue to play a key role within CNL Financial Group, LLC, focusing on development of future private equity and alternative investments. Effective September 1, 2014, Thomas K. Sittema will begin serving as chief executive officer and president of the company as well as its advisor. Mr. Sittema has served as chief executive officer (January 2011 to present) and vice president (February 2010 to January 2011) of CNL Financial Group, Inc. Since April 2012, Mr. Sittema has served as vice chairman of the board of directors and a director of each of CNL Lifestyle Properties, Inc. Most recently, while at Bank of America Corporation Merrill Lynch, he served as managing director of real estate, gaming, and lodging investment banking. On August 11, 2014, Rosemary Q. Mills resigned as company's chief financial officer and treasurer effective as of August 31, 2014. Effective September 1, 2014, Tammy J. Tipton will serve as the company's chief financial officer and treasurer. Ms. Tipton has served as senior vice president since October 2011 and group chief financial officer since January 2014 of CNL Financial Group Investment Management, LLC. She previously served as senior vice president of CNL from 2002 to December 2011.

Global Income Trust, Inc., Annual General Meeting, Nov 04, 2014

Global Income Trust, Inc., Annual General Meeting, Nov 04, 2014., at 09:30 US Eastern Standard Time. Location: CNL Center at City Commons.

Global Income Trust, Inc. Announces Resignation of Steven D. Shackelford as Executive Vice President

On April 14, 2014, Steven D. Shackelford tendered his resignation as Executive Vice President of Global Income Trust, Inc. and any positions he holds at any of the Company's subsidiaries effective immediately. The resignation of Mr. Shackelford was not due to any disagreement with management on any matter relating to the Company's operations, policies or practices. Mr. Shackelford remains President of Corporate Capital Trust, a public, non-traded business development company sponsored by CNL Financial Group, Inc.

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