Biography

Mr. Duncan has more than 40 years of diverse real estate management and investment experience, including as a chairman, chief executive officer and a director of other publicly traded companies.

Mr. Duncan most recently served as President, Chief Executive Officer and member of the Board of Directors of CyrusOne Inc., a real estate investment trust (REIT) that develops, owns, operates and invests in data centers, from July 2020 to July 2021. Prior to his role at CyrusOne, Mr. Duncan served as a director of First Industrial Realty Trust, Inc. ("First Industrial") from January 2009 and as its Chairman of the Board from January 2016 until retiring from both positions in July 2020. He previously served as President and Chief Executive Officer of First Industrial from January 2009 until he stepped down as President in September 2016 and retired as Chief Executive Officer in November 2016. Mr. Duncan was a senior advisor to Kohlberg Kravis Roberts & Co. ("KKR"), a global investment firm, from November 2018 through December 2022 and July 2008 to January 2009.

Previously, Mr. Duncan served as Chairman of the Board of Directors of Starwood Hotels & Resorts Worldwide, Inc. ("Starwood"), a leading worldwide hotel and leisure company, from May 2005 until its acquisition by Marriott International, Inc. in September 2016. Mr. Duncan served as a director of Marriott International, Inc., the world's largest hotel company from September 2016 to July 2020. Mr. Duncan has also served as a director of the mutual funds sponsored and managed by T. Rowe Price Associates, Inc. since September 2013. From April 2007 to September 2007, Mr. Duncan served as Chief Executive Officer of Starwood on an interim basis. Mr. Duncan served as a director of Starwood from 1999 to September 2016. Mr. Duncan also served as a Trustee of Starwood Hotels & Resorts, a real estate investment trust and former subsidiary of Starwood, from 1995 to 2006. From March 2002 to December 2005, Mr. Duncan held various positions at Equity Residential ("EQR"), one of the largest publicly traded apartment REITs in the United States. In particular, from May 2005 to December 2005, Mr. Duncan was Chief Executive Officer and a Trustee of EQR, from January 2003 to May 2005, he was President, Chief Executive Officer and a Trustee of EQR and from March 2002 to December 2002 he was President and a Trustee of EQR. From December 1995 until March 2000, Mr. Duncan served as Chairman, President and Chief Executive Officer of Cadillac Fairview Corporation, one of North America's largest owners and developers of retail and office properties.

Mr. Duncan is a Life Trustee of Rush University Medical Center in Chicago. He previously served on the Executive Committee of the Board of Governors of Nareit, the Executive Committees of the Board of the Canadian Institute for Public Real Estate Companies (CIPREC) and the National Multi-Housing Council (NMHC). He also previously served as a Trustee of the International Council of Shopping Centers (ICSC).

Mr. Duncan received a BA in Economics from Kenyon College and an MBA in Finance from the University of Chicago.