EVP – Chief Operating Officer
Andrew Armstrong joined Scout Cold Logistics in 2022 as Executive Vice President – Chief Operating Officer. In this position, Andrew oversees the day-to-day operational functions for Scout’s real assets across the United States. He is overall responsible for the asset management of the firm’s existing portfolio as well as new investment activities. Working in partnership with Vincent Signorello, Andrew refines and operationalizes Scout’s strategic investment objectives. Andrew brings 17 years of real estate, infrastructure, private equity, M&A and capital markets experience to the firm.
Prior to joining Scout, Andrew served as Managing Director and Head of Corporate Strategy for New Senior Investment Group (NYSE: SNR), a publicly traded REIT with a diversified portfolio of 103 senior housing properties across 36 states. At New Senior, Andrew operated as a key partner to the CEO with respect to all major business decisions including portfolio optimization, operator diversification, capital allocation and strategic planning. New Senior was sold to Ventas Inc. (NYSE: VTR) in September 2021 for $2.3 billion.
Previously, Andrew spent 11 years in private equity at Fortress Investment Group, where he was a Managing Director focused on various investments across the real estate, infrastructure, transportation and leisure sectors. In that position, he was responsible for a broad range of financial, investment, operational and administrative activities related to the firm’s portfolio companies including Florida East Coast Industries, Florida’s oldest and largest real estate and infrastructure company. While at Fortress, Andrew was directly involved in over $9 billion of capital investments and transactions. He began his career in the General Banking group at Lazard Ltd.
Andrew earned his Bachelor of Arts degree from Middlebury College.