MGM Growth Properties Adds Director to Board

The industry veteran has served T. Rowe Price for more than two decades.
Robert Smith

Robert Smith, MGM Growth Properties

Las Vegas—MGM Growth Properties, a publicly traded REIT specializing in acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, has announced the appointment of Robert Smith as the third independent director of its board.

Smith holds nearly 30 years of investment experience under his belt, having served in various roles at Baltimore-based T. Rowe Price between 1992 and 2016. While working for his previous employer, Smith was vice president of T. Rowe Price Group Inc., vice president and portfolio manager at T. Rowe Price Associates Inc., lead portfolio manager at T. Rowe Price International Inc. and vice president at T. Rowe Price Trust Co.

Prior to joining T. Rowe Price, Smith served as an investment analyst with MFS Investment Management for five years. He holds a B.S. degree in finance and economics from the University of Delaware and an MBA in general management from the University of Virginia.

“Bob’s distinctive knowledge and experience with consumer-facing companies and esteemed reputation within the investment community will serve as a vital asset to the company and a well-rounded addition to the MGP Board–one that strengthens the company’s ability to successfully execute on its strategic goals with the interests of MGP’s shareholders in mind,” Jim Murren, chairman of MGM Growth Properties, said in a prepared statement.

Image courtesy of whartonimclub.com