PARAMUS, N.J.--(BUSINESS WIRE)--
Urban Edge Properties (NYSE:UE) (“Urban Edge”), a real estate investment
trust that owns, operates and develops retail properties in
high-barrier-to-entry markets, announced today the appointment of
Herbert Eilberg to the position of Chief Investment Officer. Mr.
Eilberg, 38, was previously Senior Vice President, Acquisitions at
Acadia Realty Trust, where he served as a key member of the acquisitions
team and was responsible for sourcing, underwriting and closing core and
value-add investments. Before joining Acadia, Mr. Eilberg worked in the
real estate acquisition departments of The Milestone Group, Perry
Capital and Soros Real Estate Partners. Mr. Eilberg has a Bachelor of
Arts in Architectural Studies from Brown University.
“Herb has a proven track record of sourcing acquisitions in the New York
metropolitan region and we are extremely excited that he is joining our
management team,” said Jeffrey Olson, Urban Edge’s Chairman and Chief
Executive Officer. “We expect that Herb’s experience and leadership will
bring exciting new investment opportunities to our company.”
ABOUT URBAN EDGE
Urban Edge Properties is a real estate investment trust that owns,
operates and develops retail properties in high barrier-to-entry
markets. The company comprises 79 shopping centers, three malls and a
warehouse park adjacent to one of the centers, and aggregates to 14.8
million square feet. The combined occupancy of shopping centers and
malls was 95.8% at December 31, 2014. For additional information, please
visit our website at www.uedge.com.
FORWARD-LOOKING STATEMENTS
Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995.Such forward-looking statements are not
guarantees of performance. They represent our intentions, plans,
expectations and beliefs and are subject to numerous assumptions, risks
and uncertainties. Our future results, financial condition and business
may differ materially from those expressed in these forward-looking
statements. You can find many of these statements by looking for words
such as “approximates,” “believes,” “expects,” “anticipates,”
“estimates,” “intends,” “plans,” “would,” “may” or other similar
expressions in this press release.You are cautioned not to place
undue reliance on our forward-looking statements, which speak only as of
the date of this press release. All subsequent written and oral
forward-looking statements attributable to us or any person on our
behalf are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. We do not undertake
any obligation to release publicly any revisions to our forward-looking
statement to reflect events or circumstances occurring after the date of
this press release.
Urban Edge Properties
David Reiff, 201-571-3523
Source: Urban Edge Properties