Getty Realty Corp. has promoted Robert J. Ryan, senior vice president of acquisitions, to chief investment officer, according to a company announcement. He took his new role on Feb. 27.
He replaces Executive Vice President, Chief Investment Officer and Chief Operating Officer Mark Olear, who has retired. The company has chosen not to backfill the COO position.
Ryan joined Getty Realty in 2016 as director of real estate. Before taking over the SVP role, he served as VP of acquisitions and senior director of real estate and development, according to the announcement. He also worked for more than four years as vice president of asset management with Marx realty, a Manhattan-based owner and developer of office and retail properties, and spent eight years with Macerich, an owner, operator and developer of retail and mixed-use developments.
“RJ has been a critical member and effective leader of Getty’s acquisitions team since 2018, and I am confident that he will thrive in his new role as we continue to grow and diversify our portfolio of convenience and automotive retail properties,” said Christopher Constant, Getty’s president and CEO.
Olear has been with Getty for more than a decade, according to his LinkedIn bio. Before joining the company in 2014, he worked in a variety of real estate leadership roles at prominent retailers Home Depot and Toys R Us as well as financial company TD Bank.
“While I look forward to the next chapter, I am fortunate to have had the opportunity to contribute to Getty’s success over the last 12 years,” said Olear in a LinkedIn post. He added, “Starting as a Market Analyst with Pathmark Supermarkets in the mid 80’s, I could not have imagined where a career in real estate would lead me.”
Getty has over 700 convenience stores in its portfolio, by far the largest segment of its business, according to the company website. That’s followed by car washes, auto service locations and drive-thru QSRs.
