Rael Diamond has been named new president and chief operating officer of Canadian Real Estate Investment Trust (CREIT).

Shortly after joining CREIT in 2012, Diamond took on the role of chief financial officer and has held that position ever since.

“Rael has made significant contributions to CREIT since joining the company. He is a strategic thinker with exceptional and proven business acumen,” said Stephen Johnson, current president and chief executive officer of CREIT. “Rael is a strong, natural leader and he brings solid real estate knowledge and experience, as well as capital markets expertise, to his new role.”

Johnson will continue in his role as chief executive officer until Diamond’s position becomes effective January 1, 2015.

CREIT is currently searching for a new chief financial officer.