Flagship Communities Real Estate Investment Trust announced the appointment of Ann Rooney to its board of trustees (the "Board") effective September 29, 2022. Concurrently, Ms. Rooney has been appointed to the REIT's Audit Committee. Ms. Rooney's appointment increases female representation on the Board to approximately 29%, underscoring the REIT's commitment to diversity.

The REIT also announced the resignation of Iain Stewart, who served on the Board since the REIT's initial public offering in 2020.