Attached files
file | filename |
---|---|
8-K - FORM 8-K - TIPTREE INC. | y05178e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
TUESDAY, SEPTEMBER 20, 2011
CARE INVESTMENT TRUST INC. ELECTS JEAN-MICHEL WASTERLAIN TO BOARD OF DIRECTORS
NEW YORK September 20, 2011 Care Investment Trust Inc. (OTCQX: CVTR) (Care or the
Company), a real estate investment and finance company that invests in healthcare-related real
estate, today announced it elected Jean-Michel (Mitch) Wasterlain to Cares Board of Directors effective September 19, 2011.
Mr. Wasterlains appointment fills the vacancy on the Board created by the recent
departure of Flint D. Besecker.
Mr. Wasterlain is a Managing Partner and Founder of Slate Realty Capital, a real estate merchant
banking firm focused on three primary business lines including advisory services, debt and equity
capital sourcing and principal investments. Prior to forming Slate Realty Capital, Mr. Wasterlain
was President and CEO of ORIX Capital Markets, the US real estate and structured finance arm of
ORIX Corporation (NYSE: ORIX). At ORIX, he was responsible for all investments in real estate
debt, equity, and securities, as well as its special servicing business. Prior to his position at
ORIX, he was at NorthStar Capital Investment where he was involved in creating a real estate debt
investment platform, which led to the IPO of NorthStar Realty Finance Corporation (NYSE: NRF), a
public REIT, in 2004. He served as Chief Investment Officer of NRF and President of NS Advisors,
and had direct responsibility for the securities investment business and for NRFs capital markets
financing activities.
Salvatore (Torey) V. Riso, Jr., President and Chief Executive Officer of Care, stated, Mitch
brings a sharp strategic perspective and nearly three decades of experience in real estate to
Cares board. We welcome his participation in the further development of Care.
About Care Investment Trust Inc.
Care Investment Trust Inc. is a real estate investment and finance company investing in
healthcare-related real estate.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. All forward-looking statements involve risks, uncertainties and
contingencies, many of which are beyond Care Investment Trust Inc.s control, which may cause
actual results, performance, or achievements to differ materially from anticipated results,
performance, or achievements. All statements contained in this release that are not clearly
historical in nature are forward-looking, and the words anticipate, believe, estimate,
expect, plan, target, and similar expressions are generally intended to identify
forward-looking statements. Economic, business, funding market, competitive and/or regulatory
factors, among others, affecting Care Investment Trust Inc.s businesses are examples of factors
that could cause actual results to differ materially from those described in the forward-looking
statements in addition to those factors specified in Care Investment Trust Inc.s Annual Report on
Form 10-K, as well as Care Investment Trust Inc.s Quarterly Reports on Form 10-Q. Care Investment
Trust
1
Inc. is under no obligation to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements, whether as a result of new information, future events or otherwise.
For more information on the Company, please visit the Companys website at www.carereit.com
FOR FURTHER INFORMATION:
AT CARE INVESTMENT TRUST: |
||
Salvatore (Torey) V. Riso, Jr.
|
Steven M. Sherwyn | |
President & Chief Executive Officer
|
Chief Financial Officer & Treasurer | |
(212) 446-1414
|
(212) 446-1407 | |
triso@carereit.com
|
ssherwyn@carereit.com |
2