H&R Real Estate Investment Trust (H&R) and H&R Finance Trust have announced nominations for its trustees and has also adopted a new compensation program for 2017.
The trusts, which will hold their annual meeting on June 19 in Toronto, have nominated Alex Avery and Juli Morrow as trustees. Avery and Morrow will join Stephen Sender, who was nominated last year, to make up the eight-member trustee board. New trustees serve a 10-year term, and those elected prior to 2016 serve a five-year term, according to a company announcement.
Avery previously served with CIBC Capital Markets, heading its North American real estate research team. He has been recognized by Brendan Wood International as a TopGun Analysis for his stock picks and earnings estimations by Starmine. Avery also has experience working with a global investment dealer conducting research on real estate investment trusts. He has a CFA designation and received a Master of Business Administration and a Bachelor of Engineering & Management from McMaster University.
Morrow, a partner at Goodmans LLP, focuses on commercial and real estate transactions, acquisitions, dispositions, mortgage financing, leasing, management agreements and joint ventures. She was named by Chambers Global as one of Canada’s leading real estate lawyers. Morrow holds a B.C.L. and LL.B from McGill University and an LL.M from the University of Toronto.
The new compensation program announced includes an emphasis on performance and enhanced shareholder return, according to the announcement.