Realty Income Corporation announced that Jeff A. Jacobson will be joining Realty Income's Board of Directors (the "Board"), effective February 21, 2024. Ronald L. Merriman has also announced his intention to retire from the Board and to not stand for reelection at Realty Income's 2024 annual meeting of stockholders. Jeff A. Jacobson is a retired Global Chief Executive Officer of LaSalle Investment Management, ("LaSalle"), the real estate investment arm of Jones Lang LaSalle Inc. serving in the role from 2007 to 2021.

Prior to this, he served as LaSalle's European Chief Executive Officer from 2000 to 2006. Previously, Mr. Jacobson served in various leadership positions with LaSalle and Security Capital Group Inc., a real estate holding company. Mr. Jacobson has over 35 years of real estate investment experience.

Specifically, during his tenure at LaSalle, he sat on three regional investment committees in North America, Europe and Asia. He has investment expertise in a variety of geographic markets, asset sectors, investment structures, and risk-return strategies. He currently serves as Chairman of the Board of Cadillac Fairview Corporation, which he joined in 2022.

Cadillac Fairview is an owner, operator, investor and developer of office, retail, multi-family residential, industrial and mixed-use properties in North America and is wholly-owned by the Ontario Teachers' Pension Plan. Mr. Jacobson is also a Senior Adviser to The Vistria Group, a private investment firm focused on investing in essential industries such as healthcare, financial services and housing. Mr. Jacobson holds both a Bachelor of Arts degree in economics and a Master of Arts degree from the Food Research Institute from Stanford University.

Once Mr. Jacobson joins the Board, he is expected to serve as a member of Realty Income's Audit Committee.