Robert Green

About Robert Green

Robert Green, age 72, has served as a director of FrontView REIT, Inc. since 2024; he is Vice Chairman of North American Development Group (NADG), bringing 40+ years in developing, acquiring, and managing retail, residential, and mixed-use properties across North America, and holds a Bachelor of Laws from the University of Toronto Law School . He is not independent under NYSE standards due to affiliation with the predecessor entity and serves on the Real Estate Investment Committee; he attended 100% of Board and committee meetings in 2024 .

Past Roles

External Roles

Board Governance

• Committee assignments: Member, Real Estate Investment Committee (approves acquisitions/dispositions within delegated limits; recommends larger transactions to the Board) .
• Committee composition: Real Estate Investment Committee comprises Stephen Preston (Chair), Randall Starr, and Robert Green; all other standing committees are fully independent, but the Real Estate Investment Committee is not .
• Independence: The Board determined Green is not independent due to affiliation with the predecessor entity .
• Attendance and engagement: In 2024, the Board held two meetings; each director attended 100% of Board and committee meetings on which they served .
• Director terms: One-year terms; annual elections .

Fixed Compensation

Policy snapshot (non-employee directors): annual cash retainer $50,000; committee chair retainers: Audit $15,000, Compensation $10,000, Nominating $10,000; expense reimbursement for reasonable out-of-pocket Board/committee meeting costs .

Performance Compensation

• RSU policy: Initial IPO RSU grant of $45,000 value to independent directors (Perez $90,000), vesting in full the day before the first annual stockholders’ meeting; annual RSU grant of $90,000 at each annual meeting for non-employee directors, vesting on the earlier of one year or the day before the next annual meeting held ≥50 weeks after the prior one .
• 2024 actual (Green): No RSU grant; outstanding RSUs as of Dec 31, 2024: 0 .
• Performance metrics: Director equity awards are time-based; no disclosed performance-conditional metrics for non-employee directors .

Other Directorships & Interlocks

Expertise & Qualifications

• 40+ years of real estate development, acquisition, and asset management across North America; senior executive leadership at NADG .
• Legal training (LL.B., University of Toronto Law School) with early career in commercial real estate law .
• Prior public board and investment committee experience in real estate sector (TSX-listed companies) .

Equity Ownership

Related alignment/transactions:

• Received 71,303 OP Units in the July 10, 2024 Internalization, valued at approximately $1.4 million based on the $19.00 IPO price on October 3, 2024 .
• Delinquent Section 16(a) reports: four transactions not timely included on two Forms 4 for Mr. Green (company believes all other filings were timely) .

Governance Assessment

• Strengths

  • Deep sector expertise and prior investment committee experience in public real estate, aligned with FVR’s focus on outparcel and retail real estate .
  • Clear engagement: 100% attendance at Board and committee meetings in 2024 .
  • Ownership alignment through OP Units and common-equivalent exposure; no pledging of shares .

• Watch items / RED FLAGS

  • Not independent; affiliated with the predecessor entity; serves on the non-independent Real Estate Investment Committee with both Co-CEOs, which concentrates transactional oversight with insiders (potential conflict in capital allocation) .
  • Related-party exposure from the Internalization: Mr. Green (or affiliates) received 71,303 OP Units (~$1.4M at IPO price), aligning but also signaling insider economic benefits; ongoing outsourced services agreement with NAAM (affiliate) estimated at ~$0.6M in first year adds continuing affiliate dealings that require rigorous Audit Committee oversight .
  • Section 16(a) compliance: four late-reported transactions for Mr. Green (process/control optics) .

• Implications for investors

  • Transaction approval influence: As a Real Estate Investment Committee member, Green helps approve acquisitions/dispositions within delegated thresholds ($5–$25M single-asset; quarterly aggregates), and recommends larger deals to the full Board—heightening the importance of independent director challenge and Audit/Nominating oversight .
  • Compensation alignment: 2024 compensation was cash-only (no RSUs), reflecting his non-independent status; going forward, policy provides for annual RSUs to non-employee directors, but 2024 disclosed no grant for Green—monitor future equity awards for alignment and dilution controls .
  • Related-party risk management: Given past and ongoing affiliate relationships, investors should monitor the Audit Committee’s application of the Related Party Transaction Policy and disclosures around internalization-related benefits and outsourced services .