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Monmouth Real Estate Investment Corp (MNR.N)

MNR.N on New York Stock Exchange

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13 Dec 2018
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Summary

Name Age Since Current Position

Eugene Landy

84 2013 Chairman of the Board

Michael Landy

55 2013 President, Chief Executive Officer, Executive Director

Kevin Miller

48 2017 Chief Financial Officer, Chief Accounting Officer, Executive Director

Allison Nagelberg

53 2000 General Counsel

Stephen Wolgin

63 2017 Lead Independent Director.

Daniel Cronheim

63 1989 Director

Samuel Landy

57 2017 Non-Executive Non-Independent Director

Kiernan Conway

2018 Independent Director

Catherine Elflein

57 2007 Independent Director

Brian Haimm

48 2013 Independent Director

Neal Herstik

59 2004 Independent Director

Matthew Hirsch

58 2000 Independent Director

Gregory Otto

29 2017 Independent Director

Scott Robinson

47 2017 Independent Director

Susan Jordan

55 IR Contact Officer

Biographies

Name Description

Eugene Landy

Mr. Eugene W. Landy is Chairman of the Board of Monmouth Real Estate Investment Corporation. He served as President and Chief Executive Officer (1968 to April 2013) and Director. He is Attorney at Law and Partner of the Law Firm of Landy & Landy. He is Chairman of the Board (1995 to present). For UMH Properties, Inc., an affiliated company, Founder and Chairman of the Board, Director (1969 to present) and President (1969 to 1995). As our Founder and Chairman, Mr. Landy’s unparalleled experience in real estate investing is the primary reason, among others, why Mr. Landy was selected to serve on our Board.

Michael Landy

Mr. Michael P. Landy is President, Chief Executive Officer, Executive Director of Monmouth Real Estate Investment Corp., effective April 9, 2013. He served as Chief Operating Officer (2011 to April 2013) and Executive Vice President (2009 to 2010),He also served as Executive Vice President-Investments (2006 to 2009) and Vice President-Investments (2001 to 2006). He is member of New York University’s REIT Center Board of Advisors (2013 to present). For UMH Properties, Inc., an affiliated company, Director (2011 to present), Executive Vice President (2010 to 2012) and Vice President-Investments (2001 to 2010). Mr. Landy’s role as our President and Chief Executive Officer and extensive experience in real estate finance, investment, capital markets and operations management are the primary reasons, among others, why Mr. Landy was selected to serve on our Board.

Kevin Miller

Mr. Kevin S. Miller is Chief Financial Officer, Chief Accounting Officer, Executive Director of Monmouth Real Estate Investment Corp., effective July 2, 2012. Certified Public Accountant. Assistant Controller and Assistant Vice-President (2005 to May 2012) of Forest City Ratner, a real estate developer, owner and operator and a wholly-owned subsidiary of a publicly-held company, Forest City Enterprises, Inc. Mr. Miller’s extensive experience in accounting, finance and the real estate industry is the primary reason, among others, why Mr. Miller was selected to serve on our Board.

Allison Nagelberg

Ms. Allison Nagelberg is General Counsel of Monmouth Real Estate Investment Corporation since 2000. He is Attorney at Law (1989 to present). Ms. Nagelberg also has a Master of Business Administration in Finance. For UMH Properties, Inc. an affiliated company, General Counsel (2000 to 2013).

Stephen Wolgin

Mr. Stephen B. Wolgin is Lead Independent Director. of Monmouth Real Estate Investment Corporation. He is Managing Director of U.S. Real Estate Advisors, Inc. (2000 to present), a real estate advisory services group based in New Jersey. Mr. Wolgin is Partner with the Logan Equity Distressed Fund (2007 to present). Prior affiliations with J.P. Morgan, Odyssey Associates, The Prudential Realty Group, Standard & Poor’s Corporation, and Grubb and Ellis. For UMH Properties, Inc., an affiliated company, Director (2007 to present).

Daniel Cronheim

Mr. Daniel D. Cronheim is the Director of Monmouth Real Estate Investment Corporation. He is Attorney at Law (1979 to present). He is certified Property Manager (2010 to present). He is President (2000 to present) of David Cronheim Mortgage Company, a privately-owned real estate investment bank. Executive Vice President (1997 to present) of Cronheim Management Services, Inc., a real estate management firm. Executive Vice President (1989 to present) and General Counsel (1983 to present) of David Cronheim Company, a real estate brokerage firm. Executive Committee (2012 to present), Secretary-Treasurer (2013 to 2015), Vice-President (2015 to 2016) and President (2016 to present) of The Institute of Real Estate Management (IREM) Chapter One (New Jersey). Member and instructor (2014 to present) of the New Jersey State Bar Association Land Use Committee. Member (1986 to 1993) and Chairman (1994 to present) of Borough of Watchung Zoning Board. Mr. Cronheim’s extensive experience in real estate management and the mortgage industry is the primary reason, among others, why Mr. Cronheim was selected to serve on our Board.

Samuel Landy

Mr. Samuel A. Landy is Non-Executive Non-Independent Director of Monmouth Real Estate Investment Corporation, since 1989. He is Attorney at Law (1985 to present), He is Partner of the Law firm of Landy & Landy. For UMH Properties, Inc., an affiliated company, he is President and Chief Executive Officer (1995 to present), Vice President (1991 to 1995) and Director (1992 to present).

Kiernan Conway

Mr. Kiernan Conway is Independent Director of the Company. Mr. Conway is an expert on the U.S. economy, commercial real estate markets, real estate finance, ports and logistics, risk management, and valuation, among several other subjects. A graduate ofEmory Universityand Member of the Appraisal Institute, he has served since 2017 as the Director of Research and Corporate Engagement of the Alabama Center for Real Estate and as the Chief Economist of the CCIM (Certified Commercial Investment Member) Institute. From 2014-2017, he served as Senior Vice President of Credit Risk Management for Sun Trust inAtlanta, GA. From 2010-2014, he served as U.S. Chief Economist for Colliers International inAtlanta, GA. From 2005-2010, he served as Commercial Real Estate Subject Matter Expert for the Federal Reserve inAtlanta, GA. Mr. Conway has addressed more than 750 real estate industry and regulatory organizations and conferences since the 2008 financial crisis, including the Chairman of the Federal Reserve, as well as numerous governmental, academic and corporate organizations. He has also published extensively in real estate and economic journals.

Catherine Elflein

Ms. Catherine B. Elflein is an Independent Director of Monmouth Real Estate Investment Corporation. She is Certified Public Accountant. She is Senior Director – Risk Management (2006 to present) at Celgene Corporation, a biopharmaceutical company; Controller of Captive Insurance Companies (2004 to 2006) and Director – Treasury Operations (1998 to 2004) at Celanese Corporation. Ms. Elflein’s extensive experience in accounting, finance and risk management is the primary reason, among others, why Ms. Elflein was selected to serve on our Board.

Brian Haimm

Mr. Brian H. Haimm is Independent Director of Monmouth Real Estate Investment Corp., effective June 26, 2013. He is Chief Financial Officer and Chief Operating Officer (2006 to present) of Ascend Capital, a private equity firm.

Neal Herstik

Mr. Neal Herstik is Independent Director of Monmouth Real Estate Investment Corporation. He is Attorney at Law, Gross, Truss & Herstik, PC (1997 to present).

Matthew Hirsch

Mr. Matthew I. Hirsch is Independent Director of Monmouth Real Estate Investment Corporation. He is Attorney at Law (1985 to present) Law Office of Matthew I. Hirsch. He is Adjunct Professor of Law, Widener University School of Law (1993 to present). For UMH Properties, Inc. an affiliated company, Director (2013 to present).

Gregory Otto

Mr. Gregory Thomas Otto is Independent Director of the Company. Mr. Otto is an expert in logistics, transportation, trade and global markets. A graduate of theUnited States Merchant Marine Academy, he is a licensed US Merchant Marine deck officer, and has served as a Lieutenant in the US Naval Reserves since 2011. He has worked on world trade and maritime security forPaul F. Richardson& Associates since 2014. During that time, he also worked on maritime projects for the Office of the Chief of Naval Operations and the United States Navy. Prior to his work forPaul F. Richardson, beginning in 2011, he worked on maritime logistics for Maersk Line Limited. He is a member of the American Society of Transportation & Logistics, the Center for International Maritime Security, and the Washington International Trade Association.

Scott Robinson

Mr. Scott L. Robinson is the Independent Director Director of Monmouth Real Estate Investment Corporation. He is Managing Director, Oberon Securities (2014 to Present).He is Director, The REIT Center at New York University (2008 to present). He is Member of New York University’s REIT Center Board of Advisors (2013 to present). Mr. Robinson served as Managing Partner, Cadence Capital Group (2009 to 2013), Vice President, Citi Markets and Banking (2006 to 2008) at Citigroup. He was Senior REIT and CMBS analyst at Standard & Poor’s, (1998 to 2006).

Susan Jordan

Basic Compensation