Feldman Mall Properties, Inc. Announces Election of Thomas H. McAuley and Thomas McGuinness to the Board of Directors
09 May 2008 - 8:01AM
PR Newswire (US)
GREAT NECK, N.Y., May 8 /PRNewswire-FirstCall/ -- Feldman Mall
Properties, Inc. (NYSE:FMP) announced today that Inland American
Real Estate Trust, Inc., a public non-listed real estate investment
trust sponsored by an affiliated of the Inland Real Estate Group of
Companies and the holder of 2,000,000 shares of 6.85% Contingently
Convertible Series A Preferred Stock (the "Series A Preferred
Stock") of the Company ("Inland American"), elected Thomas H.
McAuley and Thomas McGuinness to serve as directors of the Company,
pursuant to the terms of the Articles Supplementary relating to the
Series A Preferred Stock. Messrs. McAuley and McGuinness are not
expected to join any committees of the board of directors of the
Company and are not required to stand for election as directors of
the Company at its 2008 annual meeting of stockholders. About
Feldman Mall Properties, Inc. Feldman Mall Properties, Inc.
acquires, renovates and repositions enclosed regional shopping
malls. Feldman Mall Properties Inc.'s investment strategy is to
opportunistically acquire underperforming malls and transform them
into physically attractive and profitable Class A or near Class A
malls through comprehensive renovation and re-tenanting efforts
aimed at increasing shopper traffic and tenant sales. The Company's
portfolio, including non-owned anchor tenants, consists of seven
regional malls aggregating approximately 6.8 million square feet.
For more information on Feldman Mall Properties Inc., visit the
Company's website at http://www.feldmanmall.com/. DATASOURCE:
Feldman Mall Properties, Inc. CONTACT: Thomas E. Wirth, President
& Chief Financial Officer, or Larry Feldman, Chairman, both of
Feldman Mall Properties, Inc., +1-516-684-1239; or Vicki Baker of
Financial Relations Board, +1-703-796-1798, , for Feldman Mall
Properties, Inc. Web site: http://www.feldmanmall.com/
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