Date: Fri, 19 Dec 1997 15:49:31 GMT Server: Stronghold/1.3b4 Ben-SSL/1.3 Apache/1.1.1 Content-type: text/html Price REIT Company Profile
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New York Stock Exchange Symbol; RET

The Price REIT, Inc. is a self-administered, self-managed, fully integrated real estate investment trust. The Company’s strategy is to own, manage and develop power centers anchored by national warehouse and retail tenants. The Company’s business objective is to continue to increase its funds from operations and the value of its properties through the acquisition and management of additional properties, maximizing revenues from existing properties, expansion or remodeling of existing properties, and selective development for its own portfolio.

The Company has total invested assets of approximately $618 million. The Company current owns or has interests in 36 properties consisting of 32 power and community centers, one stand-alone retail center, one project under development and two undeveloped land parcels located in ten states, containing approximately 7.1 million square feet of gross leasable area, and an overall occupancy rate of approximately 98%.

 

Directors and Executive Officers
Vice Admiral Raymond E. Peet, USN (Ret.) Chairman of the Board, Director  
Joseph K. Kornwasser President, Chief Executive Officer and Director
Jerald Friedman Senior Executive Vice President and Chief Operating Officer
George M. Jezek Executive Vice President, Chief Financial Officer, Secretary, Treasuer and Director
Lawrence M. Kronenberg Executive Vice President - Finance
Joseph Lane Vice President - Real Estate
Maria E. Santigate Vice President - Property Management
Thomas J. Scheers Vice President - Operations
Daniel C. Slattery Vice President - Development
Roy P. Drachman Director  
William D. Jones Director  
Walter L. Weisman Director  
Keene Wolcott Director  
 
Corporate and The Price REIT, Inc.
Administrative Offices 145 South Fairfax Avenue, 4th Floor
  Los Angeles, CA 90036
  (213) 937-8200
 
Executive Offices The Price REIT, Inc.
  7979 Ivanhoe Avenue
  La Jolla, CA 92037
  (619) 551-2320
 
Auditors Ernst & Young LLP
  San Diego, CA
 
Counsel Gibson, Dunn & Crutcher
  Los Angeles, CA
 
Member National Association of Real Estate Investment Trusts. International Council of Shopping Centers. Urban Land Institute.
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 The Price REIT, Inc.
Corporate & Administrative Offices
145 S. Fairfax Ave. 4th Floor
Los Angeles, CA 90036
(213) 937-8200 - FAX (213) 937-8175