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| Brian Peay |
IRVINE, CA – American
Healthcare Investors, a commercial real estate investment firm that specializes
in the acquisition and management of healthcare-related properties, announced Brian Peay has joined the company as
executive vice president and chief financial officer.
The boards of directors of
Griffin-American Healthcare REIT III, Inc. and Griffin-American Healthcare REIT
IV, Inc., which are co-sponsored and managed by American Healthcare Investors,
have also appointed Peay to serve as their chief financial officer.
Peay joins American
Healthcare Investors from Veritas Investments, Inc., a private real estate
investment management company with more than $2 billion of assets under
management, where he served as chief financial officer.
While with Veritas, Peay was the principal
financial executive with oversight of fund accounting, investor relations, and
sourcing and structuring of debt, as well as financial planning, corporate
budgeting, tax structuring and management of all accounting functions for the
firm.
“Brian Peay is an
important addition to our executive team, bringing with him more than 28 years
of experience as a financial professional, including extensive experience in
commercial real estate investment,” said Danny
Prosky, a founding principal of American Healthcare Investors and president
and chief operating officer of Griffin-American Healthcare REIT III and
Griffin-American Healthcare REIT IV.
“American Healthcare
Investors is one of the largest managers of healthcare real estate in the
nation with more than $8 billion in assets under management and one of the most
successful sponsors of public non-traded REITs.
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| Danny Prosky |
“The addition of an
executive of Brian’s caliber and experience is a meaningful benefit to our
company as we continue to grow and expand our platform. We couldn’t be more
pleased to have him join our management team.”
Peay previously served in
a series of management positions with Glenborough Realty Trust, Inc., a
formerly New York Stock Exchange-listed REIT, ultimately as executive vice
president and chief financial officer.
During his 15-year career
with Glenborough, Peay was a member of a four-person executive management
committee responsible for the strategic direction of the company. He also
played an integral role in the sale of the company to Morgan Stanley Real
Estate Fund V, after which it became known as Glenborough, LLC.
Peay began his
professional career in 1988 with real estate public accounting firm Kenneth
Leventhal & Company, which merged with Ernst & Young in 1995.
Peay received a bachelor’s
degree in business economics from the University of California, Santa Barbara
and earned a CPA designation from the state of California, which is currently
inactive.
For a complete copy of the company’s news release,
please contact:
Damon Elder
SVP, Marketing &
Communicatons
American Healthcare
Investors, LLC
18191 Von Karman Ave.,
Third Floor
Irvine, California 92612
(949) 270-9207 direct
(714) 356-1460 mobile
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