DENVER — Healthpeak Properties Inc. (NYSE: PEAK) has appointed Kathy Sandstrom as independent chair of the board of directors. Sandstrom succeeds Brian Cartwright, who will continue to serve on the board as an independent director.
“Regular rotation of board leadership promotes effective corporate governance and introduces fresh perspectives and energy to board processes,” says Cartwright. “After five years as chair, the time is right for that rotation.”
The board comprises eight members with an average tenure of approximately seven years.
Sandstrom has over 20 years of real estate finance and investment experience. She served as senior managing director and global head of Heitman LLC’s public real estate securities business from 2013 to 2018, and was a member of the firm’s Global Management Committee, the Board of Managers and the Allocation Committee.
Since joining Heitman in 1996, Sandstrom held several senior leadership positions in multiple roles in the institutional real estate investment industry. She has served on Healthpeak’s board since 2018 and as vice chair since 2022. She is also a member of the boards of directors of EastGroup Properties Inc. and Urban Edge Properties, both publicly traded REITs.