On August 1, 2025, NNN REIT, Inc. (NYSE: NNN) made a significant announcement regarding the enhancement of its executive team. The Board of Directors has appointed Joshua P. Lewis as the new Executive Vice President and Chief Investment Officer of the company. This strategic move aims to bolster NNN’s investment initiatives and ensure continued growth in the competitive real estate market.

2. A Proven Leader in Real Estate Investments

Joshua P. Lewis brings a wealth of experience and a proven track record to his new role. Having joined NNN in 2008, Mr. Lewis has progressively advanced through various positions within the company’s Acquisitions team. Most recently, he served as Senior Vice President and Head of Acquisitions since August 2022. His tenure has equipped him with an in-depth understanding of NNN’s operational strategies and investment philosophy.

Before joining NNN REIT, Mr. Lewis spent 13 years in the real estate capital markets and investment banking sectors at BofA Securities and its predecessor firms. His expertise in advising on and executing real estate financing transactions positions him as a formidable leader in his new capacity.

Mr. Lewis is a cum laude graduate of Miami University in Oxford, Ohio, where he earned a double major in finance and marketing. Additionally, he is a member of the International Council of Shopping Centers (ICSC), further underscoring his commitment to the real estate sector.

3. CEO Endorsement

Steve Horn, Chief Executive Officer of NNN REIT, expressed enthusiasm regarding Mr. Lewis’s appointment. He stated, "We are excited to welcome Josh to our executive team. During his long tenure with NNN, he has proven to be a pragmatic leader and a skilled negotiator who has played an important role in the growth of our portfolio." Horn emphasized that Mr. Lewis’s understanding of the company's long-term strategy, combined with his extensive network in target industries, makes him a valuable asset as NNN navigates future challenges and opportunities.

4. NNN REIT’s Investment Portfolio

As of March 31, 2025, NNN REIT boasts an impressive portfolio consisting of 3,641 properties across all 50 states, covering a gross leasable area of approximately 37.3 million square feet. The company maintains a weighted average remaining lease term of 10 years, ensuring stability and consistent revenue streams from its investments.

NNN REIT is recognized as one of only three publicly traded real estate investment trusts (REITs) that have successfully increased annual dividends for 36 or more consecutive years. This achievement reflects the company’s commitment to delivering value to its shareholders while strategically expanding its portfolio.

5. Conclusion

The appointment of Joshua P. Lewis as Executive Vice President and Chief Investment Officer marks a pivotal moment for NNN REIT, as the company continues to strengthen its leadership and investment strategy. With his extensive experience and proven success, Mr. Lewis is poised to lead NNN REIT into a promising future, ensuring sustainable growth and value creation for its stakeholders. As the real estate market evolves, NNN REIT appears well-prepared to capitalize on emerging opportunities under Mr. Lewis’s guidance.

Original press release