Attached files
| file | filename |
|---|---|
| 8-K - BRE PROPERTIES INC /MD/ | v208198_8k.htm |
| EX-10.1 - BRE PROPERTIES INC /MD/ | v208198_ex10-1.htm |
Exhibit
99.1
FOR
IMMEDIATE RELEASE
BRE
PROPERTIES APPOINTS SCOTT A. REINERT
AS
EXECUTIVE VICE PRESIDENT, OPERATIONS
January
11, 2011 (San Francisco) – BRE Properties, Inc. (NYSE:BRE) today announced the
appointment of Scott A. Reinert to executive vice president, operations,
effective January 24, 2011.
Reinert,
52, will oversee property operations and related corporate services, including
facilities management, sales and marketing, and corporate communications. He
fills the top operations post vacated by Edward F. Lange, who resigned in July
2010.
“We are
so pleased Scott will be joining BRE in this crucial operations role,” said BRE
President and Chief Executive Officer Constance B. Moore. “Scott is well known
in the apartment industry as an analytical, strategic thinker, who is highly
focused on achieving operational goals. He is regarded as a respected leader and
excellent communicator who demands and brings out the best in his teams. This
combination of talents, along with his knowledge of and experience in our core
California markets, will benefit BRE greatly as we focus on growth in the coming
years.”
Reinert
has more than 20 years of experience in property management and operations. From
1994 to 2009, he was employed by the Irvine Company in Newport Beach, Calif.
Most recently, he served as senior vice president, property management, for the
Irvine Company Apartment Communities, overseeing the operations of 95 apartment
communities, comprising 37,000 units, including about 2,000 development lease-up
units a year, and more than 1,000 on-site associates. His first position was
vice president, asset management, Irvine Apartment Communities, then a public
real estate investment trust. In 1998, he was promoted to president, Irvine
Apartment Management Company, leading the operations of multifamily portfolio
that grew from 17,000 to 25,000 units in five years. After leaving the Irvine
Company, Reinert founded Axiom Multifamily Realty Advisors, Inc., to invest in
and manage properties in the Southwest.
He began
his career in property management at GFS Northstar (now Pinnacle) in Atlanta,
where he rose to chief operating officer, east, in four years.
Reinert
holds a bachelor’s degree in real estate and risk management from Florida State
University. He is a Certified Property Manager, a California-licensed real
estate broker, and a member of the South Coast Apartment Association, for which
he has served in various leadership and board positions, and the California
Apartment Association. He will be based in BRE’s corporate headquarters in San
Francisco.
About BRE
Properties
BRE
Properties, based in San Francisco, Calif., owns and manages apartment
communities convenient to its residents’ work, shopping, entertainment and
transit in supply-constrained Western U.S. markets. BRE directly owns and
operates 76 apartment communities totaling 21,622 units in California, Arizona
and Washington. The company invests in communities through acquisition and
development, and currently has five properties in various stages of development
and construction, totaling 1,576 units, and joint-venture interests in 13
additional apartment communities, totaling 4,080 units. BRE Properties is a real
estate investment trust (REIT) listed in the S&P MidCap 400 Index. For more
information on BRE Properties, please visit our website at
www.breproperties.com. (Property data as of 9/30/10)
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