DENVER--(BUSINESS WIRE)--DCT Industrial Trust® (NYSE: DCT), a leading real estate company, today announced the appointment of Marcus L. Smith to its Board of Directors, effective October 30, 2017. He will also serve on the Nominating and Corporate Governance and Audit Committees.
Mr. Smith was the portfolio manager of the MFS Institutional International Equity Fund from 2001 until his retirement in April 2017. He also managed the International Concentrated Portfolio from 2007 until his retirement and held a variety of other leadership roles during his career at MFS. Mr. Smith received an MBA from The Wharton School of the University of Pennsylvania and a B.S. degree from the University of Mount Union where he now serves as a Trustee.
“We are very pleased to welcome Marcus to DCT’s Board of Directors,” said Tom August, DCT Industrial’s Chairman of the Board. “The perspective and insights of a very successful and accomplished investor will be a great addition to the Company and the Board.”
The appointment of Mr. Smith, an independent director, brings the number of DCT Industrial Directors to nine.
About DCT Industrial Trust Inc.®
DCT Industrial is a leading real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT’s actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics. As of June 30, 2017, the Company owned interests in approximately 73.3 million square feet of properties leased to approximately 860 customers. DCT maintains a Baa2 rating from Moody’s Investors Service and a BBB from Standard & Poor’s Rating Services. Additional information is available at www.dctindustrial.com.
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