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J. Alan Reid, Jr. Nominated to Caliber Board of Directors as Part of Planned Board Transition
Globenewswire· 2026-03-31 21:00
Core Viewpoint - Caliber has nominated J. Alan Reid, Jr. as an independent director to its Board of Directors, while Dan Hansen and Michael Trzupek will not seek re-election at the upcoming annual meeting on May 14, 2026 [1][2][3] Group 1: Board Changes - Dan Hansen will not stand for re-election due to expanded responsibilities at Hyatt, where he serves as Global Head of Growth Strategy and Operations [2] - Michael Trzupek has also chosen not to seek re-election after years of service, currently serving as Chief Financial Officer of Xanadu, a quantum computing company [3] - The Board is expected to consist of five members, including three independent directors, following the annual meeting and subject to shareholder approval [2] Group 2: J. Alan Reid's Background - J. Alan Reid, Jr. brings over 30 years of experience in asset management, governance, and capital markets, having previously served as President and CEO of multiple asset management firms [5] - Reid has a history with Caliber, having served as an independent board member of Caliber Hospitality Trust, Inc., and has overseen significant growth in assets under management [5] - He has been involved in emerging financial innovations, including governance technology and digital assets, co-founding a shareholder engagement technology company [6] Group 3: Company Overview - Caliber (Nasdaq: CWD) is a diversified real estate and digital asset management platform with over $2.6 billion in managed assets, focusing on middle-market hospitality and multifamily real estate [9] - The company has integrated digital asset infrastructure into its platform and is implementing blockchain and tokenization strategies to enhance asset financing and ownership [9] - Investors can participate in Caliber through its publicly traded equity and private real estate investment funds for accredited investors [9]