ROCKVILLE, Md., Feb. 10, 2012 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) today announced the promotion of Patrick Inaba to vice president, construction and tenant services and Michael Kelleher to vice president, asset management.
(Logo: http://photos.prnewswire.com/prnh/20120103/PH29242LOGO )
"Both Pat and Mike have done a great job of utilizing their extensive knowledge and experience while working with the existing leasing and operations teams to create significant value for Federal Realty over their tenures," commented Dawn Becker, executive vice president and chief operating officer of Federal Realty. "In addition to Mike's asset management role he has transformed Federal Realty's national specialty leasing program and tripled the associated revenue over the past three years. Pat has increased the level of service and professionalism to tenant services, allowing us to control tenant coordination costs while maintaining the quality standards of our properties that Federal Realty is known for."
Patrick Inaba has been with Federal Realty since 2006 serving as sr. director, tenant services. In his role he manages the design, permitting construction and delivery of tenant spaces throughout the Trust's portfolio. With an annual construction budget of approximately $20 million, Pat and his team fulfill the design, planning, entitlement and build out requirements associated with the roughly 300 leases signed each year for anchor as well as shop space.
Prior to joining Federal Realty, Patrick had 15 years experience in the positions of group vice president, Tenant Services at The Mills Corporation and director, Design and Construction for the Diedrich Coffee Corporation. Patrick is an instructor of Tenant Coordination for the ICSC JTR School of professional development, holds a Bachelor of Arts in Economics from the University of California Irvine, holds a SCDP designation and is a member of the International Council of Shopping Centers.
Since joining the Trust in 2007, Mr. Kelleher's asset management portfolio has grown from 1.7 million square feet in Massachusetts, to 3.7 million square feet and now encompasses the Trust's assets in Massachusetts, Connecticut, Illinois and Florida. In 2009 Mike took on the oversight and management of Federal Realty's specialty leasing program, which includes the leasing of vacant space on a temporary basis, sponsorships, corporate partnerships and programming across the entire portfolio. Recent partnerships include multi property deals with Zip Car and Car Charging, Inc. and sponsorships with Cadillac and CBS Outdoor.
Mike had almost 20 years of experience in management, sales, and marketing prior to joining the Trust. He previously served as vice president and general manager with the Rouse Company, and later General Growth Properties, at Faneuil Hall Marketplace, an historic festival marketplace in downtown Boston. During his time there, Mr. Kelleher oversaw the $30 million renovation of the historic property and led the operations, leasing, specialty leasing, marketing and the celebration of the property's 25th anniversary.
About Federal Realty
In 2012, Federal Realty celebrates 50 years of being a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country's best markets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 19.3 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 93.3% leased to national, regional, and local retailers as of September 30, 2011, with no single tenant accounting for more than approximately 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 44 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT. For more information, please visit www.federalrealty.com.
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SOURCE Federal Realty Investment Trust
CHANDLER, Ariz., Feb. 10, 2012 (GLOBE NEWSWIRE) -- Leading industrial robotics and automation specialist D&R Technology has been involved in growing number of tube processing projects worldwide. Most recently, D&R Technology successfully completed a major project, valued at US$1.2 million, for Johnson Controls (JCI). D&R Technology Inc., a wholly owned subsidiary of Ecoland International, Inc. (OTCBB: ECIT) has a wide portfolio of state-of-the-art products and solutions in tube processing industry. D&R Technology has a track record in the US, Canada and Mexico as a market leader in delivering turn-key systems for production of car-seats components. D&R's Tube Processing System has been perceived as the best performing equipment by primary automotive suppliers through their full compliance with industry standards, their flexibility, production rate and outstanding quality.
Drasko Karanovic, President and CEO, said the company had recently been involved in a growing number of projects worldwide.
Mr. Karanovic said: "There has been a surge in interest from an increasing number of automotive suppliers in Americas and Europe. Every single auto supplier we've talked to recently has a positive outlook for 2012 and 2013. The momentum for added production is expected to continue this year as auto deliveries may rise about 5.6 percent to 13.5 million in US alone. After China, the U.S. is the market where executives expect the most growth. With our passionate commitment to R&D and strong relationship with industry leaders we remain in the forefront of technological development. Our state-of-the-art products and integrated solutions help customers like JCI achieve greater efficiency, increase performance and expand market reach."
About – Johnson Controls (NYSE: JCI)
Johnson Controls, Inc. engages in building efficiency, automotive experience, and power solutions businesses worldwide. Its building efficiency business designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, as well as building management systems, controls, and security and mechanical equipment. This business also provides technical services, energy management consulting, and operations of real estate portfolios for the non-residential buildings market. In addition, this business offers residential air conditioning and heating systems, and industrial refrigeration products. The company's automotive experience business designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles serving original equipment manufacturers. It offers seating systems and components; cockpit systems comprising instrument panels and clusters, information displays, and body controllers; overhead systems, such as headliners and electronic convenience features; floor consoles; and door systems. The company's power solutions business produces lead-acid automotive batteries, as well as offers absorbent glass mat and lithium-ion battery technologies to power hybrid and electric vehicles. It serves automotive original equipment manufacturers and the general vehicle battery aftermarket. The company was formerly known as Johnson Electric Service Company and changed its name to Johnson Controls, Inc. in 1974. Johnson Controls, Inc. was founded in 1885 and is headquartered in Milwaukee, Wisconsin.
About D & R Technology Inc.
D & R Technology designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we provide state of the art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue.
D & R Technology Inc. is a recognized technology pioneer and market leader in the area of engineering, design and the manufacturing of automated tube processing solutions for the automotive industry. It is emerging as one of the world's leading providers of automated manufacturing solutions, which are used by three of the top ten automotive part suppliers in the world. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Company, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, potential contracts, and/or aspects of litigation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, Ecoland International Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. Persons are encouraged to read our Annual Report on Form 10-K for the year ended May 31, 2011 and our other documents subsequently filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site (http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements.
CONTACT: Ecoland International, Inc.
Drasko Karanovic
drasko@dnrtechnology.com
www.dnrtechnology.com
Source: Ecoland International, Inc.
Matt Glaser says risk management is a top priority for Turner Investments in managing its nine long/short portfolios
BERWYN, Pa.--(BUSINESS WIRE)-- In a new video, Six reasons why you should consider Turner Investments’ long/short portfolios, Matt Glaser, chief of investment strategies and executive managing director, says the investment firm systematically and intensively analyzes the portfolios’ characteristics as a prime means of managing investment risks.
The risk-management techniques that the firm uses are designed to assess “in real time [the portfolios’] exposures, concentrations, positions, and performance,” he says. Turner offers these nine long/short portfolios: Turner Global Consumer, Turner Global Financial Services, Turner Global Medical Sciences, Turner Global Resources & Infrastructure, Turner LSE, Turner Market Neutral, Turner Select Opportunities, Turner Titan, and Turner Spectrum. Turner Spectrum is the firm’s flagship long/short portfolio, composed of the eight other long/short investments.
The video cites six distinguishing traits that Turner’s long/short portfolios offer to investors:
- The portfolios seek to provide superior risk-adjusted returns, using risk-management techniques in an effort to limit volatility on the downside.
- They are managed according to “a proven growth-investment process based on the principle that earnings drive stock prices,” Mr. Glaser says.
- They are run by a team of portfolio managers who have an average of 14 years of investment experience.
- They are managed in a transparent way, with open communications about their performance.
- They have no gating restrictions that block investors’ access to their money.
- They are available in diverse capitalization segments, market sectors, and formats, including four mutual funds. The four long/short portfolios offered as mutual funds are the Turner Market Neutral Fund, the Turner Medical Sciences Long/Short Fund, the Turner Spectrum Fund, and the Turner Titan Fund.
To see this video, click on the link in this news release or this link to Turner’s Web site: http://www.turnerinvestments.com/six-reasons-longshort/.
The Turner Funds are distributed by Foreside Fund Services, LLC, Portland, Maine. The investor should consider the investment objectives, risks, charges, and expenses carefully before investing. This information can be found in the prospectus. A free summary or statutory prospectus, which contains detailed information, including fees and expenses, and the risks associated with investing in this fund, can be obtained by calling 800.224.6312 or by visiting www.turnerinvestments.com. Read the prospectus carefully before investing. Past performance is no guarantee of future results. Mutual-fund investing involves risk, including potential loss of principal. Holdings are subject to change. Funds that take a focused or sector-specific approach are subject to greater risk from downturns affecting a specific issuer or industry.
Diversification does not eliminate the risk of experiencing investment losses. As with all investments, there are associated inherent risks. The investment risks of the funds mentioned are increased by their ability to focus investments in one or more economic sectors, to invest in smaller and medium-capitalization companies, foreign companies, and IPOs. Also, the use of short sales, option strategies, and leverage may result in significant capital loss. There can be no assurance that the funds will be successful in limiting volatility.
Turner Investments, founded in 1990 and based in Berwyn, Pennsylvania, is an investment firm with more than $13 billion in assets under management in stocks, as of December 31, 2011. Turner manages growth, global/international, and alternative separately managed accounts and mutual funds for institutions and individuals.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50164075&lang=en
Turner InvestmentsAbbi Anderson, 484-329-2407aanderson@turnerinvestments.com
Source: Turner Investments
IRVINE, CA -- (MARKET WIRE) -- 02/10/12 -- Two seasoned executives with over 40 years of combined mortgage experience, Larry Maitlin and Michael Falce, recently joined Impac to build a Correspondent Lending division focused on secondary market Agency whole loan transactions. Combining Impac's Fannie Mae, Freddie Mac and Ginnie Mae Seller/Servicer approvals with seasoned executives in capital markets, sales and operations, the Correspondent Lending team provides Banks, Lenders and Credit Unions with a source of liquidity and dependability to exit new and seasoned loans on both a bulk and flow basis.
Mr. Falce spent the majority of his career as a capital markets and sales executive at Aurora Loan Services, a division of Lehman Brothers and Countrywide Home Loans. Mr. Maitlin spent the majority of his career as Assistant Treasurer and as a capital markets executive at Credit-Based Asset Servicing and Securitization LLC (C-BASS).
Due to today's challenging economic environment, many institutions are abandoning the correspondent lending market. Conversely, Impac sees the opportunity to help clients grow their business by providing superior customer service while building trust and loyalty one relationship at a time.
The Corresponding Lending team:
- Facilitates the prompt review by our due diligence team of every file to Fannie Mae, Freddie Mac, FHA, VA and USDA guidelines.
- Provides bulk-bid pricing on both newly originated and seasoned portfolios.
- Enables clients to deliver one loan at a time on a flow basis.
- Provides its clients with 48-hour file reviews and seven (7) day funding timelines.
Impac Correspondent Lending seeks to establish strategic relationships with institutions that mirror its own strong company principles for responsible lending, prudent underwriting and fraud prevention.
About the Company Excel Mortgage Servicing, Inc., is a wholly owned subsidiary of Impac Mortgage Holdings Inc., a publicly traded company (NYSE Amex: IMH) which through its subsidiaries, offers a wide range of integrated consumer and business services within the mortgage and real estate marketplaces
For more information on how we can help your business grow, please visit our website www.ImpacCorrespondent.com or contact either: Larry Maitlin VP, Managing Director Larry.Maitlin@impaccompanies.com Tele: (973) 986-9323 Michael D. Falce VP, Executive Director Michael.Falce@impaccompanies.com Tele: (949) 475-3990
Source: Impac Mortgage Holdings, Inc.
VOORHEES, N.J.--(BUSINESS WIRE)-- American Water Works Company, Inc. (NYSE: AWK) announced today that it intends to release its final 2011 fourth quarter and year-end financial results after the market closes on Friday, February 24, 2012.
Jeff Sterba, president and chief executive officer, and Ellen Wolf, senior vice president and chief financial officer, will host the 2011 fourth quarter earnings conference call and audio webcast with investors, analysts and other interested parties on Monday, February 27, 2012 at 9:00 a.m. Eastern Time. There will be a question and answer session as part of the call.
Interested parties may listen over the Internet by logging on to the Investor Relations page of the company’s Web site at www.amwater.com.
Following the earnings conference call, an audio archive of the call will be available through March 5, 2012 by dialing 303-590-3030 for U.S. and international callers. The access code for replay is 4510317. The online archive of the webcast will be available through March 27, 2012 by accessing the Investor Relations page of the company’s Web site located at www.amwater.com.
Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in more than 30 states as well as parts of Canada. More information can be found at www.amwater.com.
American Water Works Company, Inc.Edward VallejoVice President, Investor Relations856-566-4005edward.vallejo@amwater.comorMaureen DuffyVice President, Communications856-309-4546maureen.duffy@amwater.com
Source: American Water Works Company, Inc.
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