Watermark Lodging Trust, a self-managed non-traded real estate investment trust, has reported that Noah Carter plans to resign as chief accounting officer on July 2, 2021 to pursue another opportunity, according to a filing with the Securities and Exchange Commission.
Mallika Sinha, the REIT’s chief financial officer, will serve as principal accounting officer following Carter’s resignation.
Watermark Lodging Trust was created by the April 2020 merger of non-traded REITs, Carey Watermark Investors 1 and Carey Watermark Investors 2, which were previously advised by W. P. Carey.
Prior to the merger, Sinha served as CFO of both REITs since 2017, while also serving as managing director at W. P. Carey. She joined W. P. Carey in 2011 and held a number of finance roles including head of accounting policy, senior vice president corporate finance, executive director of corporate finance and managing director and chief financial officer of managed programs.
Sinha started her career in 1999 at PricewaterhouseCoopers LLP (PwC) and worked in its Mumbai and New York offices. She is a chartered accountant from India and holds a bachelor’s degree from the University of Mumbai, India.
Watermark Lodging Trust held ownership interests in 31 hotels, with a total of 9,612 rooms, purchased for $3.2 billion, as of March 31, 2021.