Windstream REIT Spin-off Names CFO

Communications Sales & Leasing Inc., (CS&L), the real estate investment trust spin-off from Windstream Holdings, named Mark Wallace as senior vice president, chief financial officer and treasurer.

Wallace formerly served as a managing director at Fortress Investment Group Inc., a global private equity, real estate and asset management firm. The appointment is effective April 1.

“I’m delighted that Mark is joining CS&L as our chief financial officer and treasurer,” said Kenny Gunderman, president and CEO of CS&L. “He is a seasoned CFO with extensive REIT and capital markets experience, and I look forward to working with him to continue building our team and our business.”

Wallace, 57, has structured more than $15 billion of acquisitions and capital market transactions during his career, according to a company press release. At Fortress he served as CFO and treasurer of New Senior Investment Group, Inc., a publicly traded senior housing REIT that completed a spinoff in late 2014. Wallace also served as executive vice president, CFO and treasurer of HCP Inc., an S&P 500 healthcare REIT.

Before joining Fortress, he was senior vice president, CFO and treasurer of Westwood Holdings Group, Inc., which provides investment management services to institutional investors, private wealth clients, and financial intermediaries. His experience includes other private and publicly traded companies including 11 years at Arthur Andersen.

Wallace has a bachelor’s in business administration from Texas Tech University and an MBA from Colorado State University. He is a Certified Public Accountant in Texas.