San Diego, Calif. — San Diego-based Excel Trust has named Luke Petherbridge president and CEO.
Petherbridge currently serves as the CFO and treasurer of DDR Corp., a power center REIT with 352 value-oriented shopping centers. At DDR Corp., Petherbridge has overseen the execution of $5 billion worth of real estate transactions, raised over $9 billion of long-term capital and supported various strategic initiatives.
Excel Trust was acquired by a fund managed by Blackstone Real Estate in 2015. Through additional acquisitions, the company’s leased and managed portfolio will have more than doubled to include over 80 retail assets covering 19 million square feet. The portfolio consists of high quality open-air shopping centers with concentrations in California, Texas, New York and Florida.