Non-Executive Chairman of the Board of Directors (Independent Director)
T. Patrick Duncan has served as an Independent Director of the Board of CMFT since September 2015 and as the Non-Executive Chairman of the Board since November 2015. Mr. Duncan also served as a member of the Board of Directors of Cole Real Estate Income Strategy (Daily NAV), Inc. (now CIM Income NAV, Inc.) from August 2013 until September 2015. For 27 years, Mr. Duncan served in various roles at USAA Real Estate Company, a private real estate investment company, most recently as its Chief Executive Officer from January 2005 until he retired in May 2013. Mr. Duncan also served as Vice Chairman of the Board of Directors of USAA Real Estate Company and as a Director of United Lender Services, a USAA company, from his retirement in May 2013 until December 2015. Prior to serving as Chief Executive Officer, Mr. Duncan held the position of Senior Vice President, Real Estate Operations with USAA Real Estate, with responsibilities that included the direction of all acquisitions, sales, co-investments, build-to-suits, land development, capital markets, management and leasing of real estate. Before joining USAA Real Estate in 1986, Mr. Duncan was with Trammell Crow Company in Dallas, TX with responsibilities as a Financial Partner of the firm. Prior to that, Mr. Duncan was a Manager with Deloitte & Touche. Mr. Duncan previously served on the boards of Meridian Industrial Trust, a former New York Stock Exchange-listed REIT, from 1994 to 1998, American Industrial Properties REIT, a former New York Stock Exchange-listed REIT, from 1996 to 2001, and Square Mile Capital Management, LLC, a diversified real estate investment firm, from 2012 to 2014. Mr. Duncan currently serves on the board of the Texas Research and Technology Foundation. Mr. Duncan received a degree from the University of Arizona and is a Certified Public Accountant and Certified Commercial Investment Member and holds a Texas Real Estate Broker’s License.