INDUS Realty Trust, Inc. announced that it has appointed Michael Simanovsky as a new independent director to serve on its Board of Directors as of January 15, 2022. Mr. Simanovsky is the Founder and Managing Partner of Conversant, an investment firm that pursues investments within the real estate, digital infrastructure and hospitality sectors in both the public and private markets and across the capital structure. Under the terms of Conversant's August 2020 investment in the Company, Conversant has the right to designate one nominee to the Board.

Mr. Simanovsky replaces Ardevan Yaghoubi, who previously acted as Conversant's nominee and has resigned from the Board of the Company as of January 15, 2022, concurrent with his departure from Conversant to pursue other opportunities.