Washington Real Estate Investment Trust Appoints Paul S. Weinschenk, LEED AP as Managing Director & Vice President – Head o...
05 February 2013 - 9:02AM
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.
Washington REIT (NYSE:WRE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Washington REIT (NYSE:WRE)
Historical Stock Chart
From Jul 2023 to Jul 2024