Jack K. Heilbron
CEO and President
Chairman of the Board
Mr. Heilbron has served as a director and officer of the Company since its inception. Mr. Heilbron also has served as Chairman of the Board of Directors and President and Chief Executive Officer of NetREIT Dubose Model Home REIT, Inc. since its inception, and has served as President of NetREIT Advisors, LLC and NTR Property Management, Inc. since their inceptions. Mr. Heilbron was a founding officer, director, and shareholder of the former CI Holding Group, Inc. and of its subsidiary corporations (Centurion Counsel, Inc., Bishop Crown Investment Research Inc., PIM Financial Securities Inc., Centurion Institutional Services Inc. and CHG Properties, Inc.) and currently serves as CEO and Chairman of Centurion Counsel, Inc., a licensed investment advisor. He also served as a director of the Centurion Counsel Funds, an investment company registered under the Investment Company Act of 1940, from March 10, 2001 until 2005. From 1994 until its dissolution in 1999, Mr. Heilbron served as the Chairman and/or Director of Clover REIT. Mr. Heilbron graduated with a B.S. degree in Business Administration from California Polytechnic College, San Luis Obispo, California.
Larry G. Dubose
President, Dubose Advisors, LLC
Mr. Dubose has served as a director of the Company since June 2005 and was Chairman of the Audit Committee until March 2010. In connection with the Company entering into a management agreement with Dubose Model Homes, USA, Mr. Dubose became an employee on March 1, 2010 and has served as Chief Financial Officer, Treasurer, and a director of NetREIT Dubose Model Home REIT, Inc. since its organization. He has also served as Chief Executive Officer of NetREIT Advisors LLC, a wholly-owned subsidiary of the Company, since its inception. From 2008 to 2010, Mr. Dubose was President of Dubose Model Homes, USA, a residential real estate investment company headquartered in Houston, Texas that he founded in 1985, a position he also held until 2004. Prior to forming that company, Mr. Dubose served as Vice President and Chief Financial Officer of a full service real estate brokerage company in Houston for six years. From June 1973 to February 1976, he served as a staff accountant with PricewaterhouseCoopers f/k/a Price Waterhouse. Mr. Dubose graduated with a B.A. degree in Accounting from Lamar University in 1973. Although not active at present, Mr. Dubose is a Certified Public Accountant in the state of Texas. He also holds a real estate brokerage license.
Chief Financial Officer
Adam Sragovicz joined the Company in 2017 and was appointed Chief Financial Officer in 2018. He oversees financial matters, including budgeting, forecasting, funding activities, tax and insurance. Previously, Mr. Sragovicz served as Treasurer of Encore Capital Group, with global capital raising, foreign exchange risk management, and cash management responsibilities. He has held capital markets, finance, and treasury management positions with KPMG, Union Bank of California / MUFG, and Bank of America Merrill Lynch. Adam is a graduate of Yale University with a Bachelor of Arts degree in Soviet and Eastern European Studies, with a concentration in Economics. He also is the Director of the Yale Alumni Schools Committee for San Diego and Imperial Counties.
Gary M. Katz
Sr. Vice President
Gary Katz joined the Company as Senior Vice President in 2010. He is responsible for overseeing the Company’s investment and asset management functions, including acquisitions, leasing and management of the portfolio. Prior to joining NetREIT, Mr. Katz served in senior acquisition, leasing, and development roles for Westcore Properties, where he was involved in transactions throughout the western U.S. He has worked in the commercial real estate field for more than 30 years and has held positions with Legacy Partners, Lincoln Property Company, Kemper Real Estate Management Company, Bedford Properties, and Meyer Investment Properties. Gary holds a Bachelor of Arts degree in Economics from UC San Diego. He is a former president and current treasurer of NAIOP – San Diego Chapter. He also sits on the San Diego Charitable Real Estate Foundation’s Board of Directors.
Ann T. Nguyen
General Counsel and Secretary
Ms. Nguyen joined the Company as General Counsel in September 2018 and was appointed Secretary in December 2018. Ms. Nguyen oversees the legal aspects of the Company, including SEC compliance, corporate governance, leasing and sales transactions. Ms. Nguyen has over 20 years of experience handling risk management, employment / HR and legal affairs for publicly-traded and privately held companies. Prior to joining the Company, she served as General Counsel for a clean tech start-up, eCullet. Other positions held include serving as Associate Vice President and Senior Legal Counsel for Realty Income (NYSE: O), General Counsel for SMART Modular Technologies (NASDAQ: SMOD) during its IPO and secondary offering, and Assistant General Counsel for RPS. Prior to law school, she worked at KPMG in Audit and Real Estate Consulting. Ms. Nguyen is a member of the State Bar of California and a CPA (inactive) in California. She earned a B.S. in Accounting, cum laude, from USC and a J.D. from UC Davis. She also attended the School of Engineering and Applied Sciences at UCLA.
Jessica C. Joelson
Chief Accounting Officer
Ms. Joelson joined the Company as Chief Accounting Officer in April 2020. Ms. Joelson served as Associate Director, External Reporting & Accounting, for AnaptysBio, Inc. (Nasdaq: ANAB) from 2015 to 2019, as Manager, Reporting and Accounting, for COTY, Inc. (NYSE: COTY) from 2013 to 2015, and as SEC Reporting Manager for ACTIVE Network, Inc. (formerly NYSE: ACTV) from 2012 to 2013. Prior to these roles, Ms. Joelson worked at KPMG LLP for four years in the Audit and Assurance department. She holds a Bachelor of Arts degree in Business Administration, cum laude with distinction in Accounting, from San Diego State University and is a CPA in California.
Jennifer A. Barnes
Ms. Barnes joined the Board of the Company in February 2020 and serves as a member of its Audit Committee. Ms. Barnes serves as CEO of Optima Office, an accounting and HR services company that she founded in 2018. From 2012 to 2018, she served as CEO of Pro Back Office, a company that she co-founded. Ms. Barnes has also held several controller and director of accounting positions at various companies. She also serves on the boards of the Better Business Bureau of the Pacific Southwest (as Foundation Treasurer) and the San Diego chapter of Junior Achievement. Ms. Barnes is also actively involved with Social Venture Partners (a philanthropic network that provides investment funding to non-profits to increase their social and environmental impact), and San Diego State University’s Lavin Entrepreneur Program. Ms. Barnes received a B.S. in Business Administration from University of Arizona and an Executive MBA from San Diego State University.
David T. Bruen
Mr. Bruen has served as a director of the Company since 2008. He was elected in 2020 by the Board of Directors to serve as its Lead Independent Director and also serves as the Chair of the Audit Committee. Mr. Bruen retired in January 2008 from San Diego National Bank after six years as a senior commercial lending officer. During the previous seventeen years, Mr. Bruen was in commercial lending for mid-size businesses in San Diego County for First Interstate Bank, Wells Fargo Bank, Mellon 1st Business Bank, and San Diego National Bank. He is a Life Member of the Holiday Bowl Committee and has been a member of the Presidents Association for Palomar College, Financial Executives International, the San Diego MIT Enterprise Forum, and the Association for Corporate Growth. Mr. Bruen is a graduate of San Diego State University and has an M.B.A. from the University of Southern California.
Shirley Y. Bullard
Ms. Bullard has served as a director of the Company since December 2011 and is Chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee. She currently serves as Chief of Staff to the President and had served as the Chief Administrative Officer and Vice President of Human Resources of The Ken Blanchard Companies, an international leadership and management training company based in Escondido, California, which she joined in 1998. Prior to joining The Ken Blanchard Companies, Ms. Bullard served as the Director of Personnel Support Services and Director of Personnel Commission for the Poway Unified School District, a Public K-12 school district in North County San Diego, California. Previously, Ms. Bullard provided 18 years of service with the U.S. Navy as Director of Labor Relations and Deputy Officer for Equal Opportunity/Affirmative Action. From 1995 to 2008, Ms. Bullard served on the Board of Directors for Mission Federal Credit Union, and she is currently on the Board of Directors for the School for Integrated Academics and Technologies, a position she has held since 2005. Ms. Bullard holds a Juris Doctorate and a Bachelor of Science of Law degree from Thomas Jefferson School of Law.
James R. Durfey
Mr. Durfey joined the Board of the Company in December 2019 and serves as a member of the Compensation Committee and as a member of the Nominating and Corporate Governance Committee. Mr. Durfey retired in 2017 from American Assets Trust, Inc. (NYSE: AAT), a publicly traded REIT, where he served as VP, Office Properties, since 2004. During his tenure at AAT, Mr. Durfey supervised property management and leasing of 2.7M square feet of Class A office space, assisted in the acquisition and/or development of Class A office buildings, and worked with AAT’s board in developing corporate investment strategies. From 1996 to 2004, Mr. Durfey was VP of Trammell Crow and GM of Century Plaza Towers and ABC Entertainment Center, a four building complex with 2.8M+ square feet. From 1980 to 1996, Mr. Durfey held various senior roles at Homart Development (the commercial real estate subsidiary of Sears, Roebuck and Company). Mr. Durfey received a B.S. in Business Management from Indiana University and is a licensed real estate broker in California.
Kenneth W. Elsberry
Mr. Elsberry served as the Company’s Chief Financial Officer from inception until April 1, 2016 and Treasurer until December 31, 2017. He began serving as a director in 1999 and served until 2008 before he commenced serving as a director again in 2010. Mr. Elsberry also served as Vice President and Chief Financial Officer of NetREIT Advisors, LLC and NTR Property Management, Inc., the Company’s property management affiliate. He is a lifetime member of the California Society of Certified Public Accountants and is a former member of the American Institute of Certified Public Accountants. From December 2004 to October 2007, Mr. Elsberry served as chief financial officer of Trusonic, Inc., a startup technology company based in San Diego, California. Mr. Elsberry also served as a Director of the Centurion Counsel Funds, an investment company registered under the Investment Company Act of 1940, from March 10, 2001 until 2005 and was formerly the chief financial officer and a Director of Centurion Institutional Services. From 1994 until its dissolution in 1999, Mr. Elsberry served as chief financial officer of Clover Income and Growth REIT (“Clover REIT”). Mr. Elsberry received his Bachelor of Science degree in accounting from Colorado State University.
Laureen E. Ong
Ms. Ong joined the Board of the Company in August 2019 and serves as a member of its Compensation Committee and as Chair of its Nominating and Corporate Governance Committee. Appointed in 2014, she also currently serves on the Board of World Wrestling Entertainment (NYSE: WWE) and is the Chair of its Compensation Committee and a member of its Nominating and Corporate Governance Committee. From 2010 to 2013, Ms. Ong was President of the Travel Channel (a subsidiary of Scripps Networks Interactive) and responsible for building brand strategy, developing programming, and creating new business opportunities. From 2007 to 2009, Ms. Ong was COO of Hong-Kong-based STAR Group Limited, which produces, broadcasts and distributes TV programming via satellite, and was responsible for STAR’s media and entertainment operations that spanned over 50 countries. From 2000 to 2007, Ms. Ong was President of National Geographic TV. During her tenure, the National Geographic Channel was launched and its distribution reached approximately 60M households. Ms. Ong earned an M.A. from Columbia University and a B.A. in Math and Speech Theatre Arts from Montclair State University.
Sumner J. Rollings
Mr. Rollings has served as a director of the Company since April 2001 and is a member of Audit Committee and Compensation Committee. He also served as a director of the Centurion Counsel Funds, an investment company registered under the Investment Company Act of 1940, from March 10, 2001 until 2005. From 2001 to 2014, Mr. Rollings owned and operated the Wagon Wheel Restaurant as the CEO of Rolling Wheel Restaurant, Inc., in Escondido, California. From May 1999 to May 2001 Mr. Rollings served as sales executive for Joseph Webb Foods of Vista, California and previously from 1985 to 1999, as sales executive for Alliant Food Service Sales.