North Kansas City, MO – April 22, 2015 – (RealEstateRama) – Maxus Realty Trust, Inc. (“MRTI”), a real estate investment trust with corporate headquarters located in North Kansas City, MO, announced today that Mr. W. Robert Kohorst has resigned from the board of trustees effective April 3, 2015. To fill the vacancy resulting from Mr. Kohorst’s resignation, MRTI’s Board of Trustees has nominated Mr. David Brain for election at the 2015 annual meeting of shareholders scheduled for May 21, 2015.
Mr. Brain previously served as an executive officer and trustee of EPR Properties until his retirement on March 31, 2015. EPR Properties is a specialty REIT with an investment portfolio that includes primarily entertainment, education and recreation properties. Mr. Brain served as President and Chief Executive Officer of EPR Properties from October 1999 until his retirement. Additionally, he served as EPR Properties’ Chief Financial Officer from 1997 to 1999, and as its Chief Operating Officer from 1998 to 1999. Prior to EPR Properties, Mr. Brain was a Senior Vice President in the investment banking and corporate finance department of George K. Baum & Company, an investment banking firm. Before joining George K. Baum & Company, Mr. Brain was Managing Director of the Corporate Finance Group of KPMG LLP, a practice unit he organized and managed for over 12 years. He received a B.A. in Economics and an M.B.A. from Tulane University, where he was awarded an academic fellowship. Mr. Brain also serves as a member of the board of directors and is chair of the compensation committee of American Residential Properties, Inc., a real estate investment trust that acquires, renovates, leases and manages single-family properties and is listed on the New York Stock Exchange. Mr. Brain has not previously served as a Trustee of the Trust.
MRTI is a REIT that is in the business of acquiring, investing, developing and redeveloping multifamily and commercial properties in Missouri, Arkansas, Oklahoma, Texas, Florida, Iowa and Kansas. MRTI has ownership interests in 22 multifamily properties (5,761 apartment homes) and has 40,412 square feet of retail space. MRTI’s common stock is quoted on the OTC Pink market tier of the OTC market, which operates an interdealer quotation system and electronic messaging service, called OTC Link®, for broker-dealers to trade OTC equity securities. Additional information about MRTI may be found at www.otcmarkets.com (symbol “MRTI”).
Media contact: Kelly Johnson, 816-805-5659,
Investors contact: DeAnn Totta, 816-877-0812,