Americold Realty Trust Elects Mark Patterson as Chairman of Board of Trustees

Americold Realty Trust (NYSE:COLD) (the “Company” or “Americold”), the world’s largest owner and operator of temperature-controlled warehouses, today announced that, effective immediately, its Board of Trustees has elected Mark R. Patterson as Chairman of the Board, and accepted the resignations of the previous Chairman, Jeffrey M. Gault and Ron W. Burkle, Trustee.

“We are pleased to elect Mark Patterson as Chairman of our Board. We believe his real estate background and experience on the boards of publicly traded companies will serve us well as we continue to seek best in class corporate governance. Finally, we thank Jeffrey Gault and Ron Burkle for their service as Chairman and Trustee, respectively through our initial public offering and first year as a publicly traded Company,” stated James R. Heistand, Lead Independent Director, Americold.

Mr. Patterson has served on the COLD board since 2018. Since January 2009, he has served as President of MP Realty Advisors and as a real estate consultant and financial advisor. From September 2010 until December 2014, Mr. Patterson served as Chief Executive Officer of Boomerang Systems, Inc. Prior to that, he served as the Managing Director and the Head of Real Estate Global Principal Investments at Merrill Lynch, Pierce, Fenner & Smith Incorporated, where he oversaw real estate investing activities from 2005 to 2009. Mr. Patterson also served as Global Head of Real Estate Investment Banking and Co-Head of Global Commercial Real Estate at the firm until 2009. Prior to that, he served as Global Head of Real Estate Investment Banking at Citigroup from 1996 through 2005. He served as a member of the board of directors for GGP Inc. (NYSE: GGP) from 2011 to 2017, a member of the Board of Directors for UDR, Inc. (NYSE:UDR) since 2014, a member of the Board of Directors of Digital Realty Trust, Inc. (NYSE:DLR) since 2016 and a member of the board of directors of Investcorp (BSE:INVCORP). He has a B.B.A. from the College of William and Mary and an M.B.A. from the Darden School of Business at the University of Virginia.

About Americold Realty Trust

Americold is the world’s largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.

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