The board of Black Creek Industrial REIT IV Inc., a publicly registered non-traded real estate investment trust, has appointed Scott Seager to serve as senior vice president, chief financial officer and treasurer.
Seager succeeds Thomas McGonagle who stepped down as managing director and CFO on August 12, 2020 as part of the company’s and advisor’s succession plans. The company noted that McGonagle will continue as a member of the management team of the advisor and will serve on the combined industrial advisors committee, which reviews and approves the company’s acquisition, disposition, leasing, capital expenditure and borrowing activities.
Seager has been with the Black Creek Industrial REIT IV since its inception and most recently served as SVP of debt capital markets and treasurer. He has worked with Black Creek Group and related entities, including Industrial Property Trust and Black Creek Diversified Property Fund, since July 2012 in a variety of other accounting and finance roles.
Seager has more than 18 years of corporate finance experience, including public company accounting, reporting, financial planning and analysis, and debt capital markets. Prior to joining the REIT, he worked for a publicly traded retailer, Collective Brands Inc., in various finance roles, was a division director for publicly traded Robert Half International, and a senior auditor in public accounting for Ernst and Young.
Seager is a certified public accountant in the state of Kansas and graduated magna cum laude from Baker University.
Black Creek Industrial REIT IV’s initial public offering was declared effective by the SEC in July 2017. The company has raised more than $1 billion in investor equity in the private and public offerings, including DRIP proceeds, as of March 31, 2020. The company oversees a real estate portfolio of 55 industrial buildings purchased $1.2 billion, as of June 30, 2020.