Essential Properties Realty Trust, Inc. Announces Board Changes
September 03, 2019 at 11:30 am
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Essential Properties Realty Trust, Inc. announced that the Board of Directors has elected Anthony K. Dobkin to serve on the company’s Board of Directors. Mr. Dobkin takes one of the board seats vacated by Anthony D. Minella and Todd J. Gilbert, of Eldridge Industries, LLC, who resigned from the company’s Board on September 3, 2019, following the sale by affiliates of Eldridge Industries of their entire ownership interest in Essential Properties Realty Trust, Inc. in July of 2019. Mr. Dobkin will also serve on the company’s Audit Committee. With Mr. Dobkin’s election, five of the company’s six board members are independent. Since January 11, 2019, Mr. Dobkin has provided periodic consulting services to the Board and the company’s management upon request regarding business, financial and operational matters pursuant to a consulting agreement that was terminated on September 3, 2019.
Essential Properties Realty Trust, Inc. is an internally managed real estate investment trust (REIT). The Company owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. The Company has a diversified portfolio that focuses on properties leased to tenants in businesses, including car washes, restaurants (primarily quick service restaurants and casual dining), early childhood education, medical and dental services, convenience stores, automotive services, equipment rental and sales, grocery, entertainment, industrial, and health and fitness. The Companyâs portfolio consists of about 1,873 freestanding net lease properties with a weighted average lease term of 14 years and a weighted average rent coverage ratio of 3.8x. In addition, the Companyâs portfolio is leased to about 374 tenants operating 588 different concepts in 16 industries across 48 states.
ESSENTIAL PROPERTIES REALTY TRUST, INC. 
