David J. Hegarty has been elected president and chief operating officer of Health and Retirement Properties Trust.
Hegarty, 38, has been executive vice president and chief financial officer of the Newton, Mass.-based real estate investment trust since July 1993. Previously, he had served as treasurer since 1987.
He replaces Mark Finkelstein, who resigned to become president of Subacute Management Corporation of America, a privately held company with 12 New England nursing homes.
The company said Mr. Finkelstein departed on amicable terms and that his move had been planned for several months.
John G. Murray, 34, was promoted to executive vice president and chief operating officer; Ajay Saini, 35, was elected treasurer.
The REIT also announced a new $200 million revolving credit facility with a syndicate of nine banks. The facility replaces a previous $170 million credit facility.