Tyler Rose, Michelle Ngo and Eliott Trencher’s New Leadership Roles Help to Strengthen the Company’s Foundation for Future Growth
LOS ANGELES–Kilroy Realty Corporation (NYSE: KRC) announced today the promotion of three executives within the company. Tyler H. Rose, who most recently served as Chief Financial Officer, has been promoted to President. Michelle Ngo, who currently serves as the Company’s SVP and Treasurer has been promoted to SVP, Chief Financial Officer and Treasurer. Eliott Trencher, the company’s SVP of Corporate Strategy, has been promoted to SVP and Chief Investment Officer.
Mr. Rose, as President, will oversee operations, finance, accounting, legal and risk management as well as work with the chief executive officer to help drive the company’s succession planning initiatives, including developing the company’s next generation of leaders. Mr. Rose has been with the company for more than 23 years, joining shortly after the company’s IPO, and prior to being promoted to Chief Financial Officer in 2009, served as the company’s Treasurer. Prior to joining KRC, Mr. Rose worked at The Irvine Company and J.P. Morgan. Mr. Rose also currently serves on the Board of Directors of Rexford Industrial Realty, Inc.
Ms. Ngo, as Chief Financial Officer, will have direct responsibility for the finance, accounting, tax, capital markets and investor relations functions for the company. Ms. Ngo has been with the company for just under 15 years, most recently leading the corporate finance team, including managing all capital markets and banking activities, overseeing the financial planning & analysis group and supervising all treasury-related activities. Prior to joining KRC, Ms. Ngo worked at HealthCare Property Investors (now known as Healthpeak Properties), Ares Management, Lehman Brothers and Credit Suisse First Boston.
Mr. Trencher, as Chief Investment Officer, will be responsible for acquisitions, dispositions, joint ventures and new markets as well as various other strategic initiatives. He will also continue to oversee the residential portfolio. Mr. Trencher joined the company in 2017, bringing with him a strong foundation in multiple real estate product types, including office and life science in several markets across the country. Prior to joining KRC, Mr. Trencher worked at Cohen & Steers and Goldman Sachs.
“These promotions highlight the depth of our team and the ability to grow within the organization,” said John Kilroy, Chairman and CEO of Kilroy Realty. “Tyler has been a leader at Kilroy for over two decades and included among his new responsibilities will be the transfer of knowledge to our next generation of leaders. Michelle and Eliott represent an emerging group of talented and diverse leaders being developed across the company. They have demonstrated expertise, strategic thinking and dedication, and have more than earned their new roles.”
About Kilroy Realty Corporation
Kilroy Realty Corporation (NYSE: KRC, the “company”, “KRC”) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies.
KRC is a publicly traded real estate investment trust (“REIT”) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects.
As of September 30, 2020, KRC’s stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 85.0% and 37.5%, respectively. In addition, KRC had seven in-process development projects with an estimated total investment of $1.9 billion, totaling approximately 2.3 million square feet of office and life science space. The office and life science space was 90% leased.
A Leader in Sustainability and Commitment to Corporate Social Responsibility
KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. As of September 30, 2020, KRC’s stabilized portfolio was 68% LEED certified and 40% Fitwel certified – the world’s largest Fitwel portfolio of any non-governmental property owner.
The company has been recognized by GRESB, the Global Real Estate Sustainability Benchmark, as the sustainability global leader in the listed office sector. Other honors have included the National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light award for six consecutive years and ENERGY STAR Partner of the Year for seven years as well as ENERGY STAR’s highest honor of Sustained Excellence, for the past five years.
A big part of the company’s foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. The company was named to Bloomberg’s 2020 Gender Equality Index—recognizing companies committed to supporting gender equality through policy development, representation, and transparency.