Company Website:
http://www.writ.com
ROCKVILLE, Md. -- (Business Wire)
Washington Real Estate Investment Trust (WRIT) (NYSE: WRE) announced the
appointment of Paul S. Weinschenk, LEED AP, as Managing Director and
Vice President – Head of Retail Division.
Mr. Weinschenk will oversee the growth and operations of WRIT’s
16-center, 2.4 million square foot retail portfolio, all of which is
located in the Washington, D.C. area. He brings nearly 20 years of
Washington, D.C. retail market experience, including the last 16 at The
Peterson Companies, a renowned Washington, D.C. developer and owner of
Class A retail properties, where he was Vice President – Retail. While
at The Peterson Companies, Mr. Weinschenk was involved in all aspects of
retail real estate, including extensive asset management and development
activities. He is an active member of the International Council of
Shopping Centers (ICSC), currently serving as State Director for
Maryland, Northern Virginia and the District of Columbia. Mr. Weinschenk
holds a B.S. in Architecture from the University of Virginia and a
Masters of Business Administration from The University of North Carolina.
“I am incredibly pleased to bring Paul Weinschenk to WRIT. From his
experience at The Peterson Companies – a premier private retail real
estate company in D.C. – Paul has a keen understanding of the Washington
metro retail landscape, from both an investment and operational
standpoint. Paul will be working closely with Steve Krupinski, our
Director of Retail Leasing, to continue to improve and grow our retail
portfolio. Between Paul and Steve, I’m excited about having this level
of retail real estate leadership at WRIT – as it exemplifies our true DC
sharpshooter focus for our investors,” said George F. “Skip” McKenzie,
President and Chief Executive Officer of WRIT.
WRIT is a self-administered, self-managed, equity real estate investment
trust investing in income-producing properties in the greater Washington
metro region. WRIT owns a diversified portfolio of 70 properties
totaling approximately 9 million square feet of commercial space and
2,540 residential units, and land held for development. These 70
properties consist of 26 office properties, 17 medical office
properties, 16 retail centers and 11 multifamily properties. WRIT shares
are publicly traded on the New York Stock Exchange (NYSE: WRE).
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements involve known and unknown risks,
uncertainties, and other factors that may cause actual results to differ
materially. Such risks, uncertainties and other factors include, but are
not limited to, the potential for federal government budget reductions,
changes in general and local economic and real estate market conditions,
the timing and pricing of lease transactions, the effect of the current
credit and financial market conditions, the availability and cost of
capital, fluctuations in interest rates, tenants' financial conditions,
levels of competition, the effect of government regulation, the impact
of newly adopted accounting principles, and other risks and
uncertainties detailed from time to time in our filings with the SEC,
including our 2011 Form 10-K and third quarter 2012 Form 10-Q. We assume
no obligation to update or supplement forward-looking statements that
become untrue because of subsequent events.
Contacts:
Washington Real Estate Investment Trust (WRIT)
William T. Camp
Executive
Vice President and Chief Financial Officer
Tel: 301-984-9400
Fax:
301-984-9610
E-Mail: bcamp@writ.com
www.writ.com
Source: Washington Real Estate Investment Trust (WRIT)