MEXICO CITY--(BUSINESS WIRE)--FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) announced that Michael Brennan has been appointed as an independent member of the Technical Committee and the Ethics and Corporate Governance Committee. Mr. Brennan brings a wealth of knowledge to the Committee from his extensive US REIT industry experience. The Technical Committee is now comprised of 83% independent members.
“We are excited to welcome Michael to the Technical Committee. Michael’s experience in founding and growing several successful real estate investment vehicles will be invaluable to FIBRA Macquarie. We look forward to benefitting from Michael’s significant expertise as we continuously develop and execute on our objectives to create long term value for investors,” stated Juan Monroy, chief executive officer of FIBRA Macquarie.
Michael Brennan is a co-founder, chairman, and managing principal of Brennan Investment Group. Mr. Brennan has orchestrated more than US$14 billion in industrial real estate transactions in the course of his 33-year career.
Prior to forming Brennan Investment Group, Mr. Brennan co-founded First Industrial Realty Trust (NYSE: FR) in 1994, and served as president, chief executive officer and a member of the board of directors until late 2008.
Before co-founding First Industrial Realty Trust, Mr. Brennan was a president and partner in The Shidler Group, a nationally prominent US real estate firm. He was a founding investor of Tri-Net Property Trust and co-founder and member of the board of directors for Pacific Office Properties (AMEX: PCE), an office REIT.
He began his industrial real estate career in 1984, as an investment specialist with CB Commercial. Mr. Brennan earned his Bachelor’s degree in Finance from the University of Notre Dame in 1979.
Mr. Brennan currently serves as executive director of the University of Wisconsin’s James A. Graaskamp Center for Real Estate. Under his direction, The Guide to Classifying Industrial Property Types was written, the rights for which were later acquired by the Urban Land Institute (ULI).
Mr. Brennan’s appointment was confirmed at FIBRA Macquarie’s recent annual general meeting held on April 24, 2018. Consistent with all other Manager-appointed independent Technical Committee members, Mr. Brennan’s re-appointment in subsequent years is also subject to confirmation by unitholders at the annual general meeting, and he is required to invest 40% of his Technical Committee fees in FIBRA Macquarie certificates, to be purchased on the secondary market and increasing alignment with FIBRA Macquarie investors.
About FIBRA Macquarie
FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. FIBRA Macquarie’s portfolio consists of 271 industrial properties and 17 retail/office properties, located in 20 cities across 16 Mexican states as of March 31, 2018. Nine of the retail/office properties are held through a 50/50 joint venture. FIBRA Macquarie is managed by Macquarie México Real Estate Management, S.A. de C.V. which operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group. For additional information about FIBRA Macquarie, please visit www.fibramacquarie.com.
Macquarie Infrastructure and Real Assets is a business within the Macquarie Asset Management division of Macquarie Group and a global alternative asset manager focused on real estate, infrastructure, agriculture and energy assets. Macquarie Infrastructure and Real Assets has significant expertise over the entire investment lifecycle, with capabilities in investment sourcing, investment management, investment realization and investor relations. Established in 1996, Macquarie Infrastructure and Real Assets has approximately US$119 billion of total assets under management as of March 31, 2018.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 61 office locations in 25 countries. Macquarie employs over 14,400 people and has assets under management of approximately US$382 billion as of March 31, 2018.
For more information, please visit www.macquarie.com.
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