Board of Trustees


Neil J. Labatte

Chair of the Board
Member of the Investment Committee and the Compensation, Governance and Nominating Committee
Independent Trustee

Mr. Labatte serves as a Trustee of the REIT and is Chair of the Board. Mr. Labatte is the founder of Global Dimension Capital, Inc., a real estate and hotel investment advisory firm. He is currently the President and Chief Executive Officer of Talon International Development Inc., a real estate development company. Mr. Labatte currently serves on the board of Triovest Inc. He was previously a Director of Pomeroy Hotels as well as HealthLease Properties REIT, Alpha Peak and Holloway Lodging Corporation, all current or former TSX-listed entities. Mr. Labatte is also the former President and Chief Executive Officer of the Legacy Hotels REIT, positions he held since June 1999 and March 2003, respectively until January 2004. He also served as a trustee of the Legacy Hotels REIT from April 2003 until September 2007. Mr. Labatte joined Fairmont Hotels & Resorts in 1997 as Vice President Acquisitions, and from October 2001 to December 31, 2004 served as Senior Vice President, Real Estate and was a member of the organization’s Executive Committee. Mr. Labatte possesses over 35 years of experience within the real estate sector. For four years prior to joining Fairmont Hotels & Resorts, Mr. Labatte was a founder, principal and board member of AEW Mexico Company, a Dallas, Texas private equity real estate investment management company formed with one of the largest institutional real estate private equity companies in the United States. For the 12 years prior to the formation of AEW Mexico Company, he was involved in the hotel and real estate sectors in the capacity of investment banker and consultant. Mr. Labatte received his B.Sc. and M.Sc. in Finance from the University of Utah. Mr. Labatte played professional hockey with the St. Louis Blues and Salt Lake Golden Eagles from 1977-1982. He was previously Co-Chairman of the NHL Alumni Association.

John S. Bailey

Chief Executive Officer
Member of the Investment Committee
Non-independent Trustee

Mr. Bailey serves as a Trustee of the REIT and Chief Executive Officer. Prior to joining the REIT, he was the Chief Executive Officer and Manager of Bailey Properties, LLC and its predecessor company since 1992, which combined with Summit Housing Partners in 2012 to form BSR. Previously, Mr. Bailey worked and traded his own account at the Chicago Mercantile Exchange in the Eurodollar financial futures pit from 1980 to 1991. In 1991, Mr. Bailey transitioned to a career in the multifamily real estate industry when he began purchasing commercial and multifamily properties, including the historic Union Station in downtown Little Rock. In addition to the REIT, Mr. Bailey also currently serves on the board of directors of The Salvation Army, Centennial Bank (Little Rock) and the University Of Arkansas at Little Rock Board of Visitors. Mr. Bailey has a BSBA in Finance and Banking from the University of Arkansas, earned his CCIM designation in 1996 and is an Arkansas licensed real estate broker.

William A. Halter

Independent Trustee

Mr. Halter serves as a Trustee of the REIT. Lieutenant Governor William A. Halter currently serves as the Chief Executive Officer of Scenic Hill Solar, a developer, owner, and operator of solar power plants for commercial, industrial and municipal utility clients. Mr. Halter served as the Lieutenant Governor of Arkansas from January 2007 to January 2011. He was the chair of the Democratic Lieutenant Governors Association and also served as the chair of the Southern Region of the National Lieutenant Governors Association. Before his election as Lieutenant Governor, from 1999 to 2001, Mr. Halter served as Deputy Commissioner and later as Acting Commissioner of Social Security Administration of the United States Social Security Administration. From 1993 to 1999, he served as a Senior Advisor in the Director’s Office, Office of Management and Budget, Executive Office of the President of the United States. Mr. Halter also served as Economist for the Joint Economic Committee of Congress and as the Chief Economist of the U.S. Senate Committee on Finance. Before entering public service, he served as a Management Consultant with McKinsey & Company. He has served as a Director of five public companies including Akamai Technologies Inc., InterMune Inc., Threshold Pharmaceuticals Inc., webMethods Inc., and Xenogen Corporation, Mr. Halter has also served as a Director of five privately held companies. Mr. Halter serves a Trustee Emeritus of Stanford University and has served on several Advisory Councils of Stanford. Mr. Halter is a Rhodes Scholar and holds a Master of Philosophy in Economics from Oxford University and a BA in Economics and Political Science from Stanford University where he was a Truman Scholar.

Bryan H. Held

Chair of the Audit Committee and Member of the Compensation, Governance and Nominating Committee
Independent Trustee

Mr. Held serves as a Trustee of the REIT and chair of the Audit Committee. Mr. Held previously served as a director and audit committee member of The Second Cup Ltd. from 2012 to 2013. Prior to that, he served as trustee of Vicwest Income Fund from 2003 to 2009, chair of the audit committee from 2003 to 2005, Chairman of the Board from 2005 to 2009 and interim Chief Executive Officer from 2006 to 2007. Mr. Held served as a director and audit committee member of Stephenson’s Rental Services Income Fund from 2005 to 2007. Prior to this, Mr. Held was the President and Chief Executive Officer of SMK Speedy International Inc., retiring when ownership changed in 2004. He then served as chair of the audit committee for Speedy from 2004 to 2005. He also served on the audit committee of John Forsythe Shirt Company. Since 1986 and prior to joining Speedy, Mr. Held held senior management positions in various public companies in the aerospace, manufacturing and retail industries, participating in several restructurings. Mr. Held is a chartered accountant (FCPA, FCA) and was a partner of Arthur Andersen & Co., where he served clients in many diverse industries from 1969 to 1986. From 2014 to 2016, he served as chair of the Ontario chapter of the Institute of Corporate Directors and has his ICD.D designation. Mr. Held has a B. Comm. from the University of Witwatersrand. Mr. Held has served on various boards and is a past chair of The William Osler Health Centre.

W. Daniel Hughes, Jr.

Non-independent Trustee

Mr. Hughes serves as a Trustee of the REIT. Mr. Hughes has served as the Chairman of LEDIC Realty Company, LLC, a manager, owner and developer of multifamily properties across the United States, since 2014. He was the founder of Summit Housing Partners, LLC, the predecessor to BSR Trust, LLC, and served as the Chief Executive Officer of BSR Trust, LLC. Prior to founding Summit in 1996, Mr. Hughes was an investment banker with a focus on housing and economic development. He is a trustee of the approximately $3.5 billion Alabama Heritage Fund. Mr. Hughes also serves on the State’s College Counts Board of Directors, which oversees Alabama’ 529 College Savings Plan, and serves as Executive Committee Member and Treasurer of State of Alabama Archives and Historical Foundation. He is a past member of the Board of Directors of the Montgomery Area Chamber of Commerce and was Chairman in 2009. He is a prior Trustee and Executive Committee Member for the Alabama Real Estate Research and Education Center. Mr. Hughes has a BA, an MBA and is a graduate of the Southwestern Graduate School of Banking.

Graham D. Senst

Chair of the Investment Committee and Member of the Audit Committee
Independent Trustee

Mr. Senst serves as a Trustee of the REIT and chair of the Investment Committee. Mr. Senst served as President of the Institute of Canadian Real Estate Investment Managers until its sale in August 2012. Prior to this role, Mr. Senst served as Managing Director of KingSett Capital Real Estate Income Fund and as an Executive Vice President of Bentall Capital and Penreal Capital Management. Mr. Senst served as an Executive Vice President of Bentall Investment Management. Prior to joining Bentall in April 2003, Mr. Senst served as Vice President of Real Estate for the OMERS Administration Corp. (also known as Ontario Municipal Employees Retirement System). Mr. Senst has many years of senior real estate investment experience as a principal with a major Ontario pension fund and other Canadian financial institutions. Prior to joining OMERS, Mr. Senst served as Vice President of Real Estate at a Subsidiary of Mackenzie Financial Corporation, where he developed debt and equity investment products for various Mackenzie funds. Mr. Senst served as the Vice President of Corporate Real Estate at both Canada Trust and Truscan Realty. He served as a Member of Advisory Board at KingSett Capital Income Fund. He served as trustee of Residential Equities Real Estate Investment Trust (ResREIT). He served as a Director of Oxford Properties Group, Inc., Morgan Stanley Real Estate Fund IV and Soros Real Estate Investors, C.V. From 2013 to 2017, Mr. Senst served as a trustee of Milestone Apartments Real Estate Investment Trust and was the chair of the investment committee. Mr. Senst holds an Honours of Business Administration and a Masters of Business Administration from the Ivey School of Business at the University of Western Ontario in London, Ontario and is a graduate of the Institute of Corporate Directors 2011.

Elizabeth A. Wademan

Chair of the Compensation, Governance and Nominating Committee and Member of the Audit Committee
Independent Trustee

Ms. Wademan serves as a Trustee of the REIT and is chair of the Compensation, Governance and Nominating Committee. Ms. Wademan is a senior executive with over 20 years of financial services experience as a capital markets professional. She spent 18 years in investment banking at BMO Capital Markets, where she was a Managing Director in Equity Capital Markets before retiring in 2016. Ms. Wademan has extensive experience in capital markets advisory and investment banking in both domestic and international markets, as well as in securities and commodities. She is currently an independent corporate director serving on the boards of publicly listed corporations Torex Gold Resources Inc., where she is chair of the Environmental and Corporate Social Responsibility Committee and member of the audit committee, and SSR Mining Inc., where she is a member of the compensation and safety and sustainability committees. Ms. Wademan also sits on the board of St Joseph’s Health Centre Foundation. She obtained her Bachelor of Commerce (Finance and International Business) from McGill University, is a CFA charterholder and is a holder of the Institute of Corporate Directors Director designation (ICD.D).

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