The only thing being mentioned so far about Peters' reasons for leaving the helm of the Santa Ana, CA-based firm is in a statement issued by the company that says "Peters resigned to pursue other interests."
Peters is expected to continue as a strategic advisor to the company and there has been no change in his status as chairman and CEO of Grubb & Ellis Healthcare REIT or as executive vice president of Grubb & Ellis Apartment REIT, according to the company.
The board appointed independent director Gary H. Hunt as interim CEO and has established a search committee to seek out a permanent CEO. Hunt currently serves on the board of directors of William Lyon Co. and is chairman of the advisory board of Kennecott Land Co, as well as a senior advisor to Lennar Corp., Tejon Ranch Co. and DMB LLC of Scottsdale, Ariz. Hunt was previously the executive vice president and a member of the board and executive committee of The Irvine Co.
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