Allied Properties Real Estate Investment Trust announced that it will implement key elements of its board renewal and succession plan at its next Annual General Meeting, which is scheduled for May 2, 2023. The key elements are outlined below: Michael Emory, Allied's Founder, will step down as CEO, become Executive Chair and contribute to the business on a full-time basis going forward with primary focus on vision, strategy and culture; Cecilia Williams, Allied's Executive Vice President & CFO since 2015, will be promoted to CEO, having taken on progressively greater responsibility for the formation and execution of Allied's strategy over the past five years.