Adventus Announces Change in Boards of Directors

January 20, 2023

Appointment of New Director – Mr. Scott Vogel

Adventus announces that Mr. Scott Vogel has joined the Board of Directors of Adventus Realty Services Inc. and Adventus Capital Partners Ltd., effective January 16, 2023.

Mr. Vogel has broad experience developing restructuring plans and post-restructuring organizational priorities, building consensus amongst and between stakeholders and management, and executing complex capital market and corporate transactions.

Mr. Vogel is the Managing Member at Vogel Partners LLC, a private investment and advisory firm and has over two decades of experience serving on boards and working on financial restructurings and mergers and acquisitions.  He is a member of the Board of Directors of Avaya, Alpha Metallurgical Resources and Chairman of the Board of rue21. He has a Master of Business Administration from The Wharton School and a BSBA, Finance from the Washington University in St. Louis.

Ian MacIntosh, Chair of the Adventus Boards commented: “We are very pleased to welcome Mr. Vogel to the Adventus Boards of Directors. The depth of Scott’s US-based business experience and his broad real estate network, coupled with his restructuring expertise will provide a valuable addition to our boards.”

About Adventus

Adventus is a Canadian based private Real Estate Investment Trust (REIT) and is focused on US income producing commercial real estate, in the suburban office markets of Chicago, Illinois and Atlanta, Georgia. For more information on Adventus, including our team, corporate strategy, photo gallery, details of our portfolio and press releases, we invite you to visit our website at www.adventusrealty.com.

Cautionary Statements Regarding Forward-Looking Statements

This press release may contain forward-looking statements with respect to the REIT and its operations, strategy, financial performance and financial condition, as well as with respect to the previously disclosed acquisitions and future acquisitions of properties. These statements generally can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “forecast”, “expect”, “intend”, “would”, “could”, “if”, “may” and similar expressions. The actual results and performance of the REIT and the acquisitions discussed herein could differ materially from those expressed or implied by such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, changes in interest rates, competition and changes in securities or other laws or regulations or the application thereof. The cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf.

Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. Except as required by applicable law, the REIT specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

 

ADVENTUS REALTY TRUST   
By its Trustee: ADVENTUS REALTY SERVICES INC.

Per: Rodney B. Johnston, FCPA, FCA   
President and Chief Executive Officer

Investors News Releases Adventus Announces Change in Boards of Directors