Phillips Edison & Company Hires New Vice President of Tax

Retail investment firm and non-traded REIT sponsor, Phillips Edison & Company (Phillips Edison), has appointed Thomas L. Drake, CPA as Vice President of Tax.

“We are thrilled to have someone with Tom’s tremendous experience in tax join our leadership team. Tom’s expertise will serve as a great asset to Phillips Edison as we continue to grow,” commented Devin Murphy, Principal and CFO at Phillips Edison.”

Mr. Drake has been in the accounting industry for over 30 years, focusing on tax services. Prior to joining Phillips Edison, he worked at Columbia Sussex Corporation for 11 years, most recently in the role of Vice President, Tax. Previously Mr. Drake was also a Senior Tax Manager at KPMG, LLC and Ernst & Young, LLC.

Mr. Drake is a Certified Public Accountant and member of the American Institute of CPAs, Ohio Society of CPAs, and the Tax Executive Institute.  He earned his B.S. in Business Administration from the University of Nebraska at Omaha.

“Phillips Edison is a leader in the real estate industry and I am honored to join this team. I am excited to join such a fast growing and dynamic company,” added Mr. Drake.

Phillips Edison focuses on acquiring under-performing, grocery-anchored properties across the country. Its current offering is Phillips Edison Grocery Center REIT II, a non-traded REIT it co-sponsors with AR Capital. It is still open to new investors.