Tuesday, April 5, 2016

Macy’s hires real-estate executive amid activist pressure for REIT spin-off

Amid ongoing pressure from investors to maximize the value of its real estate holdings, Macy’s has appointed Douglas W. Sesler as executive VP for real estate, effective April 5.
   
Sesler, who most recently was president of real estate investment and advisory firm True Square Capital LLC, will oversee Macy’s real estate functions and lead initiatives to increase shareholder value including creating potential joint ventures or other partnerships involving the company flagship locations and mall-based properties. He will report directly to Terry J. Lundgren, chairman and CEO of Macy’s.. . . more

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