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Gordon DuGan

Chairman, Independent Director

Mr. DuGan is the Chairman of our board of directors. He is also the Chairman of Indus Realty Trust, a NASDAQ-listed industrial REIT. Mr. DuGan is the Co-Founder and Chairman of Blackbrook Capital, an investment fund focused on industrial and net lease investments in Europe. He was Chief Executive Officer of Gramercy Property Trust, a NYSE-listed (GPT) triple-net lease REIT, which was sold to Blackstone Equity Partners VIII, LP for $7.6 billion in October of 2018. After becoming the Chief Executive Officer of GPT in 2012, Mr. DuGan oversaw the growth of the company from $300 million in net assets, during which time GPT became the third best performing REIT in the U.S. Prior to GPT, Mr. DuGan was Chief Executive Officer of W.P. Carey & Co., a NYSE-listed (WPC) triple-net lease REIT, from 2003 until 2010. During this time, WPC grew to $10 billion in assets, maintained its dividend during the financial crisis, and significantly outperformed the MSCI US REIT index. Mr. DuGan also founded the European investment business of both WPC and GPT during his tenure at those companies, and oversaw over $4 billion in European investments. In addition, Mr. DuGan is a former member of the Board of Governors of NAREIT. Mr. DuGan is also a member of the Council on Foreign Relations and is the Treasurer of the Innocence Project. Mr. DuGan received a B.S. in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania.

Balancing the Diversity and Longevity of a REIT with the High Growth of U.S. Cannabis