Once again, leadership at the Mainstreet family of companies is in flux.
Mainstreet Health Investments Inc. (TSX: HLP-U) on Tuesday announced that Zeke Turner has resigned as chairman of Mainstreet Health Investment’s board of directors, and will exit the board. He will continue to serve as the CEO of Carmel, Indiana-based Mainstreet, a privately held company that he founded.
Carmel, Indiana-based Mainstreet Property Group is the largest developer of skilled nursing and transitional care properties in the United States. Mainstreet Health Investments, meanwhile, is a publicly-traded real estate investment company formed in 2015. Scott White is its CEO.
Specifically, Turner is stepping away from Mainstreet Health Investments to focus on growing the development side of the business, which recently announced that its first four Rapid Recovery Centers (RRCs) in the Arizona cities of Phoenix, Tucson, Chandler and Surprise are scheduled to open before the end of the year.
Rob Dickson also resigned from Mainstreet Health Investment’s board.
Going forward, current board member Richard Turner will serve as chairman.
“We are grateful for all Rob and Zeke have contributed to the board since the launch of the company,” Turner said in a press release. “We have grown considerably over the last fifteen months and we are now positioning ourselves for the next phase of growth.”
Additionally, Charles “Chuck” Herman—the former president-seniors housing and post acute of Toledo, Ohio-based real estate investment trust Welltower Inc. (NYSE: HCN)—has been appointed to the board.
Herman spent 15 years in various positions at Welltower, including chief investment officer.
He was with the REIT in 2014, when it executed a $2.3 billion deal to acquire HealthLease Properties REIT and partner with Mainstreet, which was the external management group of the HealthLease portfolio. Mainstreet has said it is trying to replicate this strategy through Mainstreet Health Investments.
Written by Mary Kate Nelson