Board Moves.

‍American Tower (NYSE: AMT)
Appoints Neville Ray to the Board of Directors. Mr. Ray is the former USAPresident, Technology at T-Mobile.

Armada Hoffler Properties (NYSE: AHH)
Appoints Blair Wimbush to the Board of Directors. Ms. Wimbush is theformer Chief Real Estate & Sustainability Officer at Norfolk Southern.

Dynex Capital (NYSE: DX)
Appoints Andrew Gray and Alexander Crawford to the Board of Directors.Mr. Gray is the former Chief Risk Officer at Depository Trust and ClearingCorporation Group and Mr. Crawford is a former Partner and ChiefInvestment Risk Officer at Lord Abbett.

Equity Residential (NYSE: EQR)
Appoints Ann Hoff and Nina Jones to the Board of Directors. Ms. Hoff isthe Division President and COO at Bellagio & Park, MGM Hotels and MGMResorts International and Ms. Jones is a Vice President and PortfolioManager at T. Rowe Price.

Global Net Lease (NYSE: GNL)
Appoints Michael Monahan to the Board of Directors. Mr. Monahan is aformer Senior Director at Jones Lang Wootton.

Independence Realty Trust (NYSE: IRT)
Appoints Craig Macnab to the Board of Directors. Mr. Macnab is theformer Chair of the Board and CEO at National Retail Properties.

Rayonier (NYSE: RYN)
Appoints Mark McHugh to the Board of Directors. Mr. McHugh is aManaging Director, AIF® at Alex. Brown, a Division of Raymond James.

Two Harbors Investment (NYSE: TWO)
Appoints Sanjiv Das to the Board of Directors. Mr. Das is the President atPagaya Technologies.

Ventas (NYSE: VTR)
Appoints Theodore Bigman and Joe Rodriguez to the Board of Directors.Mr. Bigman is the Founder at Bigman Holdings and Mr. Rodriguez is thePresident at Burnt Mountain Investments.

Paylocity (NASDAQ: PCTY)
Appoints Craig Conway to the Board of Directors. Mr. Conway is theformer CEO at PeopleSoft.

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‍Armada Hoffler Properties (NYSE: AHH)
‍John Snow to leave the Board of Directors. Mr. Snow is the former U.S.Treasury Secretary for the George W. Bush Administration.

Macerich (NYSE: MAC)
Peggy Alford to leave the Board of DIrectors. Ms. Alford is the EVP GlobalSales at PayPal.

Welltower (NYSE: WELL)
Philip Hawkins retires from the Board of Directors. Mr. Hawkins is the for-mer Chief Executive Officer at DCT Industrial Trust.