AH Realty Trust is replacing director Daniel A. Hoffler with real estate investor David Z. Hirsh, continuing a refresh of its board that the company says is intended to support its ongoing transformation. Hoffler resigned effective Nov. 5, and the board appointed Hirsh the same day to fill the vacancy.
The change leaves the board’s size unchanged. The company said Hoffler’s departure was not related to any disagreement over its operations, policies or practices.
Key details
- Hirsh joins as an independent director. The board determined that he meets New York Stock Exchange independence standards. He will serve until the company’s 2027 annual meeting, or until a successor is elected and qualifies.
- He brings extensive real estate experience. Hirsh spent about 16 years at Blackstone, where he oversaw asset management and strategic decisions for portfolios including Equity Office Properties, IndCor Industrial Properties and LXR Hotels and Resorts, as well as investments in retail and senior housing. Before that, he spent about 15 years at Citigroup, including roles in real estate asset management and corporate finance.
- Hirsh has other board and industry roles. He currently serves as an independent director at Comstock Holding Companies and Seaport Entertainment Group. He is also an independent advisor to real estate consulting firm Townhouse Partners and an adjunct professor and vice chair of the advisory board at New York University’s Schack Institute of Real Estate.
- No board committee assignments have been announced. Hirsh’s compensation will follow the company’s standard policy for non-employee directors.
What changes: The appointment fills Hoffler’s seat with a director whose background centers on commercial real estate investment and asset management. The company’s announcement describes the move as part of its board refreshment effort; it does not specify any change to the board’s committees or to the company’s strategy.