NNN REIT, Inc. Announces New Leadership with Board Chair Replacement
NNN REIT, Inc., a distinguished real estate investment trust known for its commitment to quality properties and long-term leases, recently made significant leadership changes. On February 19, 2026, the company announced the retirement of its Board Chair, Steven D. Cosler, effective February 18. Cosler, who has been a part of the Board since August 2016 and served as Chair since May 2021, has been a guiding figure during a tumultuous time in the market. His stewardship is acknowledged as pivotal, especially for leading the company through critical challenges.
Steve Horn, the CEO of NNN, expressed gratitude for Cosler's dedication and his ability to provide steady leadership amid significant market disruptions. Horn remarked, “We are thankful for Steve's contributions since he joined in 2016. His insights and guidance as Chair have been invaluable.” As the company prepares for the future, Horn looks forward to collaborating with the incoming Chair, Edward J. Fritsch, to advance NNN’s strategic objectives and enhance shareholder value.
In his farewell address, Cosler reflected on his tenure, stating, “It has been a privilege to serve as Chair and to collaborate with such a talented team. I am confident that Ed and Steve will provide strong leadership as the company pursues its strategic goals.”
Edward J. Fritsch, who joined NNN’s Board in February 2012, has an impressive background in the REIT sector; he previously held the position of President and CEO at Highwoods Properties, a publicly traded REIT, before retiring in 2019. Under his leadership, the company achieved notable success, and he brings this wealth of experience and insight to his new role. As a former member and chair of Nareit's Board of Governors, Fritsch is well-respected in the industry, having received the Nareit Industry Leadership Award in 2023 for his contributions.
NNN REIT, Inc. is recognized for its strategic approach to real estate investments, focusing on properties that typically have long-term net leases with minimal ongoing capital demands. As of the end of 2025, the firm boasts a diverse portfolio of 3,692 properties across all 50 states, the District of Columbia, and Puerto Rico, featuring a gross leasable area of about 39.6 million square feet and an average remaining lease term of 10.2 years. NNN takes pride in being one of only three publicly traded REITs to have consistently increased annual dividends for over 36 consecutive years.
As the company moves forward with Fritsch at the helm as Chair, it remains committed to fostering growth and stability while serving its investors and clients with excellence. For detailed insights into NNN’s strategic direction and operations, visit www.nnnreit.com.
Steve Horn, the CEO of NNN, expressed gratitude for Cosler's dedication and his ability to provide steady leadership amid significant market disruptions. Horn remarked, “We are thankful for Steve's contributions since he joined in 2016. His insights and guidance as Chair have been invaluable.” As the company prepares for the future, Horn looks forward to collaborating with the incoming Chair, Edward J. Fritsch, to advance NNN’s strategic objectives and enhance shareholder value.
In his farewell address, Cosler reflected on his tenure, stating, “It has been a privilege to serve as Chair and to collaborate with such a talented team. I am confident that Ed and Steve will provide strong leadership as the company pursues its strategic goals.”
Edward J. Fritsch, who joined NNN’s Board in February 2012, has an impressive background in the REIT sector; he previously held the position of President and CEO at Highwoods Properties, a publicly traded REIT, before retiring in 2019. Under his leadership, the company achieved notable success, and he brings this wealth of experience and insight to his new role. As a former member and chair of Nareit's Board of Governors, Fritsch is well-respected in the industry, having received the Nareit Industry Leadership Award in 2023 for his contributions.
NNN REIT, Inc. is recognized for its strategic approach to real estate investments, focusing on properties that typically have long-term net leases with minimal ongoing capital demands. As of the end of 2025, the firm boasts a diverse portfolio of 3,692 properties across all 50 states, the District of Columbia, and Puerto Rico, featuring a gross leasable area of about 39.6 million square feet and an average remaining lease term of 10.2 years. NNN takes pride in being one of only three publicly traded REITs to have consistently increased annual dividends for over 36 consecutive years.
As the company moves forward with Fritsch at the helm as Chair, it remains committed to fostering growth and stability while serving its investors and clients with excellence. For detailed insights into NNN’s strategic direction and operations, visit www.nnnreit.com.
Topics General Business）
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