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Eight months after announcing it would have a new CEO in 2024, Kilroy Realty Corp. said it has tapped Angela Aman to helm the company.
Aman’s new role and spot on the board of the publicly traded REIT are effective Jan. 22.
“John [Kilroy Jr., the current CEO] and the leadership team have built a tremendous portfolio of high-quality assets over many years of prudent and thoughtful capital allocation,” Aman said in a release. “As a result, Kilroy is exceptionally well positioned for continued success and industry leadership in the years to come.”
Aman serves as the president, chief financial officer and treasurer of Brixmor Property Group, where she has worked since 2016 in C-suite positions. Brixmor is a publicly traded REIT focused on retail properties and holds 364 open-air shopping centers, totaling about 65M SF, in its portfolio.
In 2019, federal charges of accounting fraud were filed against four Brixmor executives, but the charges were dismissed in 2021. The allegations related to actions taken from 2013 to 2015, prior to Aman’s arrival.
Before Brixmor, Aman was the executive vice president and chief financial officer of Starwood Retail Partners from 2015 to 2016. She has more than 22 years of commercial real estate experience, with a focus on finance and operations.
Kilroy announced in March that John Kilroy Jr. would retire at the end of the year and that the search for a replacement was in progress. Kilroy will stay on “to ensure a smooth transition of responsibilities,” and keep his position as chair of Kilroy’s board through his term, the company said in a statement.
Kilroy is predominantly an office REIT, though recently it has expanded its life sciences holdings. As of the end of September, it owned more than 16M SF of office and life sciences with a combined occupancy rate of 87.5%.
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