BNET Industries

Market Cap:$3.6B
Last Fiscal Year Sales:$698.7M
  • Public
  • US
Dow Jones Description

Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (a REIT). Substantially all of the Trusts assets are owned directly or indirectly, and substantially all of the Trusts operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership, a Pennsylvania limited partnership (the Operating Partnership and, together with the Trust and their consolidated subsidiaries, the Company). The Company completed its initial public offering in 1994 to continue and expand the commercial real estate business of Rouse & Associates, a Pennsylvania general partnership, and certain affiliated entities (collectively, the Predecessor), which was founded in 1972. As of December 31, 2008, the Company owned and operated 357 industrial and 297 office properties (the Wholly Owned Properties in Operation) totaling 63.8 million square feet. In addition, as of December 31, 2008, the Company owned 17 properties under development, which when completed are expected to comprise 3.2 million square feet (the Wholly Owned Properties under Development) and 1,336 acres of developable land, substantially all of which is zoned for commercial use. ...

Liberty's Chief Investment Officer
Donna Wagner
Number of Employees 481
Contact Information

500 Chesterfield Pkwy

Malvern, Pennsylvania 19355-8707

libertyproperty...

(610) 648-1700

NAICS Code : 525930

Recent Events

  • Liberty Property Trust Announces Tax Treatment of 2009 Distributions

    1/13/10 - Stock Split / Dividend - View Story

  • Liberty Property to pay 47.5-cent dividend

    12/23/09 - Stock Split / Dividend - View Story

  • Tosoh Bioscience Leases 13,500 SF

    12/16/09 - Sites Leased - View Story

  • Macquarie Capital USA Inc. reiterates Liberty Property Trust at 'neutral'

    11/03/09 - Bond / Stock Rating - View Story

  • Liberty Property, Countryside Properties lease space in UK

    10/31/09 - Sites Leased - View Story

  • Wells Fargo Downgrades Liberty Property Trust LRY to Market Perform; Adjusts Valuation Range and Estimates

    10/28/09 - Bond / Stock Rating - View Story

  • Liberty Property Trust Announces Third Quarter Results

    10/26/09 - Financial Announcement - View Story

  • Philly Restaurateur Named Retail Director at Comcast Center

    9/23/09 - Mgmt. Change Entering - Director - View Story

  • Philly Restaurateur Named Retail Director at Comcast Center

    9/23/09 - Mgmt. Change - Entering - View Story

  • Liberty Property Trust Announces Second Quarter Results

    7/27/09 - Financial Announcement - View Story

  • Liberty Property Trust Announces First Quarter Results

    4/27/09 - Financial Announcement - View Story

  • Liberty Property execs discuss option to pay dividend partially in stock

    2/03/09 - Stock Split / Dividend - View Story

  • Liberty Property Trust Announces Fourth Quarter and Full Year Results

    2/02/09 - Financial Announcement - View Story

  • Republic Properties sues Liberty Property Trust

    12/17/08 - Lawsuit Filed - View Story

  • Liberty Property Trust Affirms 2008 and 2009 G...

    11/18/08 - Stock Split / Dividend - View Story

  • Business Update of Liberty Property Trust

    10/21/08 - Buildings Purchased - View Story

  • Liberty Property Trust Announces Third Quarter Results

    10/21/08 - Financial Announcement - View Story

  • Deal sets office project in motion in Maitland

    9/11/08 - Sites Leased - View Story

  • Liberty Property Trust Announces Second Quarter Results

    7/22/08 - Financial Announcement - View Story

News & Analysis

liberty property trust - All News and Analysis

Decision Makers

Name (plus bio) Position
Donna Wagner Liberty's Chief Investment Officer
George J. Alburger Jr. Executive Vice President & Chief Financial Officer
Michael Hagan Chief Investment Officer
Robert Fenza Executive Vice President
Steve Messaros CIO
Alan T. Lingerfelt Senior Vice President
Anne E. Sheppard Senior Vice President
Caren Hosansky Senior Vice President of Human Resources
James C. Lutz Senior Vice President, Dev
James J. Mazzarelli Regional Director
James V. Maneri Senior Vice President, Business Development & National Leasing
John Gattuso Director, National & Urban Development
Laurie A. Brown Senior Vice President
Lawrence Gildea Regional Director
Mary Beth Morrissey Senior Vice President, Finance & Accounting
Michael Hagen Senior Vice President, Acq & Dispositions
Robert Goldschmidt Senior Vice President
Robert Kiel Senior Vice President & City Manager
Shelby Christensen Senior Vice President, Property Mgmt
Stephen J. Whitley Marketing Director
Ward J. Fitzgerald Senior Vice President
Albert J. Kraft III Vice President and City Manager
Andy Petry Vice President of Leasing and Development
Anthony Nichols Jr. Director of Leasing and Development
Bruce Hartlein Vice President of Leasing and Development
Craig Cope Marketing Representative
David M Jellison Vice President & City Manager
Donald Schoenheider Vice President and City Manager
F. Bogue Wallin Vice President, South Carolina Region
Gary Lorgus Vice President, Leasing & Development
George Ledwith Vice President of Development
James Sunday Vice President of Development
John Brandon Vice President & Director of Development
Joseph A. Trinkle City Manager
Joseph Johnston Vice President & City Manager
Lisa Sullivan City Manager, Maryland Portfolio
Mark Goldstein Vice President & City Manager
Massie Flippin Vice President North Carolina Piedmont Triad Region
Michael A. Jones Vice President and City Manager
Michael Heise City Manager,Jacksonville, Florida Region
Richard Weiblen Vice President of Development
Rob D. Jones Vice President, New Jersey Region
Tom Sklow Vice President and City Manager
Tony Bamonte Vice President & Regional Property Manager
Andrew Blevins Managing Director, United Kingdom Portfolio
Bill Rouse Founder
Ben O'Neil Director of Development & Leasing
Caroline Binns Associate Director, Marketing & Leasing
Christopher Norton Senior Project Director

Board of Directors

Name (plus bio) Position
Thomas C. Deloach Board of Directors
Daniel P. Garton Board of Directors
William P. Hankowsky Chairman, Trustees
Jose A. Mejia Board of Directors

Donna Wagner is senior vice president of acquisitions reporting to Liberty's chief investment officer. Prior to this promotion in 2006, Ms. Wagner served as senior vice president of tax planning, responsible for coordinating the internal tax department which handles all federal, state and local tax filings as well as coordinating real estate developments with tax planning strategies. Ms. Wagner joined Liberty Property Trust in January of 1996 after spending five years with Ernst & Young LLP as a tax consultant and real estate compliance coordinator. She holds a Bachelor of Science degree in Accountancy from Villanova University and is a Certified Public Accountant.

Organization Position Status
Liberty Property Trust Liberty's Chief Investment Officer Current
Liberty Property Trust Senior Vice President, Acq Former
Villanova University Bachelor of Science Degree In Accountancy Former

George J. Alburger, Jr. is executive vice president and chief financial officer of Liberty Property Trust. Before joining Liberty in 1995, he had served for nine years as chief financial officer for EBL&S Property Management, Inc., where he was responsible for the financial management of approximately 35 million square feet of real estate with $100 million in revenues. Prior to joining EBL&S in 1982, he was senior manager at Price Waterhouse, where among other responsibilities; he supervised SEC compliance for various large corporations. Mr. Alburger received a Bachelor of Science degree in accounting from Saint Joseph's University.

Organization Position Status
Liberty Property Trust Executive Vice President & Chief Financial Officer Current
Ebls Former
University Corp. Bachelor of Science Degree In Accounting Former

Michael T. Hagan is the chief investment officer of Liberty Property Trust. Before assuming this role, he was senior vice president in charge of acquisitions and dispositions. Since joining Liberty Property Trust in 1989, Mr. Hagan has served as regional controller for the Lehigh and Montgomery/Bucks regions, and vice president of Asset Management. Prior to joining Liberty Property Trust, Mr. Hagan spent several years with Toll Brothers, Inc., as divisional controller and with Franklin Realty Group, a syndicator and developer, as asset manager. Mr. Hagan is a Certified Public Accountant, who earned a Bachelor's of Business Administration in business and a Master's degree in finance from Temple University.

Organization Position Status
Liberty Property Trust Chief Investment Officer Current
Toll Brothers, Inc. Asset Manager Former
Toll Brothers, Inc. Divisional Controller Former
Temple University Master's Degree In Finance Former
Temple University Bachelor's of Business Administration In Business Former

Robert E. Fenza is executive vice president and chief operating officer of Liberty Property Trust. Mr. Fenza joined Rouse & Associates, Liberty's predecessor, in 1984 as managing partner for the Lehigh Valley Region. In 1990 he became the company's northern division manager, overseeing real estate operations in Pennsylvania, New Jersey and Delaware. In 1993 Mr. Fenza was named executive vice president, and in 2000 promoted to chief operating officer. Mr. Fenza is a graduate of Pennsylvania State University and is an active alumnus. He is a recipient of the 2002 Penn State Alumni Achievement Award and in 2004, was named an Alumni Fellow. He also Chairs the Development Committee for the College of Arts and Architecture and is a member of the National Council on Penn State Philanthropy. In addition, Mr. Fenza serves on many local boards, including the Charter High School for Architecture and Design, FM Global, the Transportation Management Association of Chester County and the PENJERDEL.

Organization Position Status
Liberty Property Trust Chief Operating Officer Current
Liberty Property Trust Executive Vice President Current
Rouse and Associates Managing Partner Former
The Pennsylvania State University Graduate Former

Steven E. Messaros is chief information officer, responsible for developing and maintaining all management information systems and technology. He joined Liberty's predecessor, Rouse & Associates, in 1986 as accountant for the Chester County region and was promoted to vice president for Financial Services. Prior to joining the Company he was on the audit staff of Price Waterhouse. He earned a Bachelor's of Business Administration in accounting at Temple University.

Organization Position Status
Liberty Property Trust CIO Current
Temple University Bachelor's of Business Administration In Accounting Former

Organization Position Status
Liberty Property Trust Senior Vice President Current
Stateuniversity.Com Graduate Former
Virginia Polytechnic Institute and State University Bachelor's of Science Degree In Engineering Former

Anne E. Sheppard is a senior vice president and Counsel for Liberty handling real estate matters both internally and in conjunction with outside counsel. Prior to joining Liberty in 1995, she managed the law office of Real & Sheppard, which represented Liberty's predecessor, Rouse & Associates, in connection with real estate transactions beginning in 1981. She received a Bachelor of Arts from the University of Pittsburgh and a Juris Doctorate from Villanova University School of Law.

Organization Position Status
Liberty Property Trust Senior Vice President Current
Liberty Property Trust Real Estate Counsel Current
Villanova University School of Law Juris Doctorate Former
University of Pittsburgh Bachelor of Arts Former
Rouse and Associates Team Member Former
Trial Lawyers of America Member Former

Caren P. Hosansky is senior vice president of Human Resources for Liberty Property Trust. Before joining Liberty in 2008, she served as an Executive Director in human resources for Morgan Stanley. In her most recent position with Morgan Stanley, Ms. Hosansky supported the Investment Management division with responsibility for 800 investment professionals in 10 locations around the world. Prior to Morgan Stanley Ms. Hosansky held a variety of human resources positions of increasing responsibility for other companies including Airgas, Inc. and FCA International. She is a member of SHRM, Society for Human Resources Management, and a graduate of Cornell University, School of Industrial and Labor Relations

Organization Position Status
Liberty Property Trust Senior Vice President of Human Resources Current
Shrm Board of Directors Current
Cornell University School of Industrial and Labor Relations Former

Jim Lutz is senior vice president in charge of all development for Liberty in the United States and United Kingdom. Mr. Lutz joined Liberty's predecessor, Rouse & Associates, in 1980 as a director of development. In 1988, he was asked to start Liberty's United Kingdom office in Kent County to develop a 650-acre mixed-use office, residential and recreational park. Returning to Home office in 1993, he went on to oversee many significant developments including the Eastman-Kodak pharmaceutical operation, General Electric's Semi-Conductor manufacturing facility, GMAC's Corporate Headquarters, SmithKline's U.S. Pharmaceutical Headquarters, PNC Bank's Philadelphia Operation Center and 1,000,000sf of offices for the Vanguard Group. Prior to joining Liberty, he worked in development with the Heritage Company. Mr. Lutz is on the Board of Directors and is a founding member of the Delaware Valley Green Building Council (DVGBC). He earned a Bachelor's of Science in Business from the University of Rhode Island.

Organization Position Status
Liberty Property Trust Senior Vice President, Dev Current

James J. Mazzarelli is senior vice president and regional director responsible for Liberty's Southeast Pennsylvania and southern North Jersey portfolios. Mr. Mazzarelli joined Liberty's predecessor, Rouse & Associates, in 1986 as a regional manager. Prior to joining Rouse & Associates, he served as a civil engineer and project manager for Taylor, Wiseman and Taylor Consulting Engineers and as an environmental engineer for General Development Corporation in Miami, FL. He holds a Bachelor of Science degree in engineering from the Florida Institute of Technology, Miami, FL.

Organization Position Status
Liberty Property Trust Senior Vice President Current
Liberty Property Trust Regional Director Current
Rouse and Associates Regional Manager Former
Florida Institute of Technology Bachelor of Science Former
Rouse and Associates Team Member Former

James V. Maneri is senior vice president of National Leasing and Business Development for Liberty. Mr. Maneri joined Liberty in 1996 as vice president and director of capital markets and in 1999 was promoted to senior vice president and served for three years as managing director of Liberty's United Kingdom operations. Prior to joining Liberty, Mr. Maneri was vice president and treasurer of the Argosy/KOAR Group, a developer of hotels and resorts, and a director of Oxford First Organization. Mr. Maneri received his Bachelor of Science degree in Economics from Syracuse University in 1987.

Organization Position Status
Liberty Property Trust Senior Vice President, Business Development & National Leasing Current
Liberty Property Trust Vice President Current
Liberty Property Trust Director of Capital Markets Current
Liberty Property Trust Managing Director, United Kingdom Operations Former
Syracuse University Bachelor of Science Degree In Economics Former

John Gattuso is senior vice president and regional director of Liberty's Urban and National Development team. Mr. Gattuso is also responsible for Liberty's downtown Philadelphia, Washington D.C. and Herndon Virginia offices. Mr. Gattuso joined Liberty's predecessor, Rouse & Associates in 1987 as a marketing representative in suburban Philadelphia and subsequently served as senior vice president for the Minnesota region. Prior to joining Rouse and Associates, he was Director of Waterfront Development for the Philadelphia Industrial Development Corporation. Mr. Gattuso has a degree in Urban Studies from Washington University in St. Louis, MO.

Organization Position Status
Liberty Property Trust Senior Vice President, Dev, Natl Current
Liberty Property Trust Director, National & Urban Development Current
Rouse and Associates Senior Vice President, Minnesota Region Former
Philadelphia Industrial Development Corp Director of Waterfront Development Former
Rouse and Associates Marketing Representative Former
The Waterfront Development Company, LLC Director Former
Philadelphia Industrial Development Corp Board Member Former
Washington University Degree In Urban Studies Former

Organization Position Status
Liberty Property Trust Senior Vice President Current
Liberty Property Trust Director of Property Management Current
NationsBank Financial Analyst Former
University of Florida Bachelor's of Science In Business Administration Former
Andersen Consulting Team Member Former

Lawrence D. Gildea is senior vice president and regional director responsible for Liberty's Mid-Atlantic and Midwest regions. He joined Liberty's predecessor, Rouse & Associates, in 1984 and subsequently opened their North Carolina office. He has a Bachelor of Arts degree from Pennsylvania State University, a Master of City and Regional Planning degree from Catholic University of America and has served as Chapter President of the National Association of Industrial and Office Parks.

Organization Position Status
Liberty Property Trust Senior Vice President Current
Liberty Property Trust Regional Director Current
The Catholic University of America Master of City and Regional Planning Degree Former
The Pennsylvania State University Bachelor of Arts Degree Former
Rouse and Associates Team Member Former

Mary Beth Morrissey is senior vice president, responsible for accounting, financial analysis, budgeting and the management of all Securities and Exchange Commission (SEC) compliance since the Company's IPO in June 1994. Prior to joining Liberty's predecessor, Rouse & Associates in 1986, Ms. Morrissey was an auditor with Price Waterhouse. She has a dual Bachelor of Science degree in Accounting and Business from Mount Saint Mary's College and is a certified public accountant.

Organization Position Status
Liberty Property Trust Senior Vice President, Finance & Accounting Current

Organization Position Status
Liberty Property Trust Senior Vice President, Acq & Dispositions Current

Robert Goldschmidt is senior vice president and regional director in charge of Liberty's four offices in Orlando, Jacksonville, Tampa and Boca Raton, Florida; the Houston, Texas office and the emerging market of Scottsdale, Arizona. Mr. Goldschmidt joined Liberty's predecessor, Rouse & Associates, in 1983 with responsibility for development in Montgomery and Bucks counties, Pennsylvania. Prior to joining Rouse & Associates, Mr. Goldschmidt was a vice president with First Pennsylvania Bank in the Real Estate Finance Department. He earned a Bachelor's of Science degree in Business Administration from Villanova University.

Organization Position Status
Liberty Property Trust Senior Vice President Current
Liberty Property Trust Regional Director Current
Villanova University Bachelor's of Science Degree In Business Administration Former
Rouse and Associates Team Member Former

Robert L. Kiel is senior vice president and city manager of Liberty's Lehigh Valley, Pennsylvania office. Prior to joining Liberty's predecessor, Rouse & Associates, in 1989, Mr. Kiel served as marketing research coordinator with CB Commercial Real Estate Group. He has a Bachelor of Arts degree in business/economics from Indiana University of Pennsylvania.

Organization Position Status
Liberty Property Trust Senior Vice President & City Manager Current
Liberty Property Trust Regional Director Former
Indiana University of Pennsylvania Bachelor of Arts Former
Rouse and Associates Team Member Former

Shelby Christensen is senior vice president and national director of Property Management for all Liberty-owned buildings throughout the United States. Ms. Christensen joined Liberty in 1997 as senior property manager in the South Carolina region, assumed the role of regional property manager for the Mid-Atlantic region in 2001 and was appointed national director in 2005. Prior to joining Liberty she served as property manager with Insignia Commercial Group and Premisys Real Estate Services and as a real estate accountant at Aronov Realty Company and HBW Group. Ms. Christensen earned a Bachelor of Science degree in Business Management from the University of Maryland, College Park, and is a member of the Building Owners and Managers Association.

Organization Position Status
Liberty Property Trust Senior Vice President, Property Mgmt Current
Liberty Property Trust National Director, Property Management Current
Liberty Property Trust Senior Property Manager Current
Insignia Commercial Group, Inc. Property Manager Former
Aronov Realty Real Estate Accountant Former
Hbw Group Real Estate Accountant Former
University of Maryland Bachelor of Science Degree In Business Management Former
University of Maryland Bachelor of Science Former

Stephen J. Whitley is senior vice president and city manager of the Orlando, FL region. He joined the Rouse Company, predecessor of Liberty Property Trust, in 1984 directing its industrial development and leasing until he joined CB Commercial Real Estate Group as an industrial specialist in 1991. He re-joined Liberty Property Trust in 1994 as marketing director of the Company's Jacksonville region and was soon promoted to his current position in Orlando. He earned a Bachelor's of Science degree in marketing from Florida State University.

Organization Position Status
Liberty Property Trust Senior Vice President Current
Liberty Property Trust Marketing Director Current
Liberty Property Trust City Manager Former
Florida State University Bachelor's of Science Degree In Marketing Former
The Rouse Company Team Member Former

Organization Position Status
Liberty Property Trust Senior Vice President Current

Albert J. Kraft, III is vice president and city manager responsible for Liberty Property Trust's Richmond, Virginia office. He joined Rouse & Associates, Liberty's predecessor in 1989 after working with Jackson Cross and Bay Colony Properties. In 1995 Jay moved to Richmond as director of property management and subsequently vice president of leasing and marketing. Jay earned a Bachelor of Arts degree in Political Science from the University of Northern Colorado.

Organization Position Status
Liberty Property Trust Vice President and City Manager Current
Liberty Property Trust Vice President and City Manager Current
Liberty Property Trust Vice President and City Manager Current
Rouse and Associates Former
Rouse and Associates Former
Rouse and Associates Former

Andy Petry is Liberty's vice president of leasing and development for its South Florida operation. Prior to joining Liberty in 2007, Mr. Petry was a senior vice president and director of leasing at Grubb & Ellis. He holds both Bachelor of Science and Master of Business Administration degrees from the University of Florida. He is a past president of NAIOP South Florida and currently sits on the board of directors.

Organization Position Status
Liberty Property Trust Vice President of Leasing and Development Current
University of Florida Master of Business Administration Degrees Former
University of Florida Bachelor of Science Former

Anthony Nichols, Jr. is vice president and city manager of the Horsham, Pennsylvania office where he is responsible for Liberty's portfolio of office and flex space in the northern Philadelphia suburbs. Mr. Nichols joined Liberty in 2005 as director of leasing and development, coming from TCA Management Services where he focused on third party brokerage and acquisitions. Prior, he served as vice president of marketing at Nichols Company until it merged in 1996 with Brandywine Realty Trust where he became senior vice president of leasing and development. Mr. Nichols holds a Bachelor of Science degree in Economics from East Carolina University and a Masters of Business Administration from St. Joseph's University.

Organization Position Status
Liberty Property Trust Vice President and City Manager of The Horsham, Pennsylvania Current
Liberty Property Trust Director of Leasing and Development Current
St. Joseph's University Masters of Business Administration Former
University Corp. Masters of Business Administration Former
East Carolina University Bachelor of Science Degree In Economics Former
University Corp. Bachelor of Science Degree In Economics Former

Organization Position Status
Liberty Property Trust Vice President of Leasing and Development Current

Craig Cope is vice president and city manager responsible for Liberty's Virginia Beach/Hampton Roads region since March of 2001. He joined Liberty in 1998 as a marketing representative in suburban Philadelphia. Prior to joining Liberty he was a broker for CB Commercial in Philadelphia and served as Superintendent of Fabrication and Finishing at Lukens Steel in Coatesville, PA. Mr. Cope earned a Bachelor of Science Degree in Metallurgical Engineering from Lafayette College and a Master's Degree in Business Administration from Weidener University

Organization Position Status
Liberty Property Trust Vice President,Virginia Beach, Hampton Roads Region Current
Liberty Property Trust City Manager,Virginia Beach, Hampton Roads Region Current
Liberty Property Trust Marketing Representative Current
CB Commercial Inc. Broker Former
Lafayette College Bachelor of Science Degree In Metallurgical Engineering Former

David M. Jellison is vice president and city manager of Liberty's Minnesota portfolio. Prior to joining Liberty in 1999, he was vice president and general manager of Duke Realty Investments Inc.'s Minneapolis office division, the same position he held with MEPC American Properties before it was acquired by Duke. Prior to MEPC, Mr. Jellison was a broker with United Properties. He is a member of the national board of directors of the National Association of Industrial and Office Properties (NAIOP), the largest commercial real estate professional association in the world, and is its 2002 Past National Chairman. Mr. Jellison earned a Bachelor's degree from Moorehead State University.

Organization Position Status
Liberty Property Trust Vice President & City Manager Current

Donald Schoenheider is vice president and city manager responsible for Liberty's Chicago region. Prior to joining Liberty in 2005, he served as the managing principal of Landon Properties LLC; the managing partner of Jones Development Company of Illinois; the managing director of Trammell Crow's Chicago operation and as vice president of industrial properties at Grubb & Ellis Company. He earned a Bachelor of Arts from Valparaiso University and completed graduate work in Public Administration at the University of Illinois.

Organization Position Status
Liberty Property Trust Vice President and City Manager Current
Jones Development Company, LLC Managing Partner Former
Valparaiso University Bachelor of Arts Former

Organization Position Status
Liberty Property Trust Vice President, South Carolina Region Current
Urban Land Institute Board Member Current
Liberty Property Trust City Manager, South Carolina Region Former
Colgate University Bachelor of Arts Former
Rouse and Associates Team Member Former

Organization Position Status
Liberty Property Trust Vice President, Leasing & Development Current

Organization Position Status
Liberty Property Trust Vice President of Development Current

Organization Position Status
Liberty Property Trust Vice President of Development Current

Organization Position Status
Liberty Property Trust Vice President & Director of Development Current

Joseph A. Trinkle is vice president and city manager responsible for Liberty's Texas portfolio. Prior to this promotion in 2006, Mr. Trinkle served as vice president and city manager for Liberty's Michigan portfolio. Mr. Trinkle has also served as director of development for Liberty's Lehigh Valley (PA) office. Prior to joining Liberty in 1996, he was development and construction manager for Trammell Crow Company and a project manager/estimator for Turner Construction Company. Mr. Trinkle has a Masters Degree in Business Administration and a Bachelor's Degree in Civil Engineering from Villanova University.

Organization Position Status
Liberty Property Trust Vice President Current
Liberty Property Trust City Manager Current
Trammell Crow Company Development and Construction Manager Former
Turner Construction Company Project Manager Former
Turner Construction Company Estimator Former
Villanova University Masters Degree In Business Administration Former
Villanova University Bachelor's Degree In Civil Engineering Former

Joseph (Jody) Johnston is vice president and city manager of Liberty's Tampa region. Mr. Johnston joined Liberty in 1998 as a leasing representative for the Tampa region and was promoted to vice president of marketing in 2002 with special focus on marketing and developing the company's two flagship corporate parks in Tampa: Woodland Corporate Center and Silo Bend. Before joining Liberty, Mr. Johnston spent 11 years in the commercial real estate publishing industry with MARCOA Publishing, Inc. and Black's Guide, Inc. Mr. Johnston earned a BS from Florida Southern College.

Organization Position Status
Liberty Property Trust Vice President & City Manager Current
Liberty Property Trust Leasing Representative Current
Marcoa Publishing Inc. Former
Florida Southern College BS Former

Lisa Sullivan is vice president and city manager of Liberty's Maryland portfolio. Ms. Sullivan came to Liberty as vice president of leasing and development in 2006 from New Boston Fund where she served as vice president and regional asset manager for the company's Mid-Atlantic portfolio of four million square feet. Prior, Ms. Sullivan served as senior asset manager at Archon Group, managing marketing and leasing for a portfolio of over eight million square feet. Ms. Sullivan earned a BS in Marketing from Arizona State University

Organization Position Status
Liberty Property Trust Vice President, Maryland Portfolio Current
Liberty Property Trust City Manager, Maryland Portfolio Current
New Boston Management Services Inc. Vice President of Leasing and Development Former
New Boston Management Services Inc. Regional Asset Manager Former
Archon Group LP Senior Asset Manager Former
Arizona State University BS In Marketing Former

Mark Goldstein is vice president and city manager of Liberty's New Jersey region. Mr. Goldstein previously served as vice president and city manager of Liberty's Delaware East region headquartered in Horsham, Pennsylavnia. Prior to this promotion in 2006, Mr. Goldstein was vice president of leasing for all industrial space in Liberty's New Jersey portfolio. Mr. Goldstein played a key role in managing Liberty's first joint venture with the Colorado Public Employees Retirement Association overseeing Liberty's Pureland and Commodore Industrial Parks, two of the largest industrial complexes on the East Coast. Mr. Goldstein earned a BA from Brandeis University and a MS in Real Estate Development from MIT.

Organization Position Status
Liberty Property Trust Vice President & City Manager Current
Liberty Property Trust Vice President & City Manager Current
Liberty Property Trust Vice President & City Manager Current
Brandeis University BA Former
Brandeis University BA Former
Brandeis University BA Former

Massie Flippin is vice president and city manager responsible for Liberty's Carolinas region which encompasses both North and South Carolina. Mr. Flippin joined Liberty in 1999 as a leasing representative and was promoted to senior leasing representative in 2003. Mr. Flippin assumed the role of city manager for North Carolina in March of 2005 and for the entire Carolinas region in May of 2008. Prior to joining Liberty he served as territory manager for NB Handy Company. Mr. Flippin earned his Bachelor of Arts degree from Wake Forest University and currently serves on the Board of Directors for the North Carolina CCIM Chapter and the Piedmont Triad National Association of Industrial and Office Properties.

Organization Position Status
Liberty Property Trust Vice President North Carolina Piedmont Triad Region Current
Liberty Property Trust City Manager,North Carolina Piedmont Triad Region Current
Liberty Property Trust Senior Leasing Representative Current
North Carolina Ccim Chapter Board Member Current
N.B. Handy Company Territory Manager Former
Wake Forest University Bachelor of Arts Former

Organization Position Status
Columbia Management Distributors, Inc. President Current
Columbia Management President Current
Publishing Business Systems Chief Operating Officer Current
Liberty Property Trust Vice President and City Manager Current
Del Pharmaceuticals, Inc. Vice President of Sales Development and Trade Relations Current
Gmdc V.P., Business Development Current
Robeco, Inc. Current
Dean College Chairman of the Board Current
District of Columbia Building Industry Association Board of Directors Current
Republic Properties Corporation Board of Directors Current
Urban Land Institute Board of Directors Current
The American Trial Lawyers Association Member Current
Urban Land Institute Member Current
Robeco Investment Management Co-President Former
Financial Industry Regulatory Authority, Inc. Chief Administrative Officer Former
Financial Industry Regulatory Authority, Inc. Senior Executive Vice President Former
Republic Property Trust Senior Vice President for Four Years Former
Republic Property Trust Vice President, Leasing, Marketing Former
Robeco Investment Management Senior Managing Director Former
CB Richard Ellis Group, Inc. Co-Founder Former
Ivey, Barnum O’Mara Partner Former
Republic Properties, Inc. Director of Leasing Former
Republic Properties Corporation Director of Leasing Former
Columbia Management Distributors, Inc. Head of Distribution Former
Columbia Management Head of Distribution Former
Boston College Law School J.D. Degree Former
The Pennsylvania State University Master of Business Administration Degree Former
Boston College Bachelor's Degree Former
Colgate University B.A. In History Former
Fairfield University Degree Former

Michael Heise is vice president and city manager responsible for Liberty's Jacksonville, Florida region. Prior to joining Liberty in May of 2005, Mr. Heise served as director of leasing for Highwood Properties, as partner and co-founder of Newport Partners/Carter & Associates, and as a leasing agent with Trammell Crow Company. Preceding this, he was a U.S. Naval Officer serving seven years of active duty as a pilot. Mr. Heise earned a Bachelor of Science degree in Electrical Engineering from the United States Naval Academy and a Master's of Business Administration from the Wharton School at the University of Pennsylvania.

Organization Position Status
Liberty Property Trust Vice President ,Jacksonville, Florida Region Current
Liberty Property Trust City Manager,Jacksonville, Florida Region Current
Newport Partners LLC Co-Founder Former
Carter & Associates Co-Founder Former
Carter & Associates Partner Former
Newport Partners LLC Partner Former
Carter & Associates Director of Leasing Former
Trammell Crow Company Leasing Agent Former
University of Pennsylvania Master's of Business Administration Former
Wharton Graduate School of the University of Pennsylvania Master's of Business Administration Former

Organization Position Status
Liberty Property Trust Vice President of Development Current

Organization Position Status
Liberty Property Trust Vice President, New Jersey Region Current
Texas State Affordable Housing Corporation Board of Directors Current
Liberty Property Trust City Manager, New Jersey Region Former
Drexel University Master's of Business Administration Former
Temple University Law Degree Former
Ursinus College Bachelor's Degree In Economics Former
Temple University Bachelor's Degree Former

Tom Sklow is vice president and city manager of the Malvern, Pennsylvania office where he is responsible for Liberty's portfolio of office and flex space in the western Philadelphia suburbs. Prior to joining Liberty, Mr. Sklow served as national director for Jones Lang LaSalle and previously, as a principal at Trammell Crow Company. Before entering the real estate industry, Mr. Sklow was a Certified Public Accountant with the public accounting firm of Deloitte. Mr. Sklow earned a Bachelors of Science in Accountancy from Villanova University and a Masters of Business Administration in Finance from the Leonard N. Stern School of Business at New York University.

Organization Position Status
Liberty Property Trust Vice President and City Manager Current
Villanova University Bachelors of Science In Accountancy Former

Organization Position Status
Liberty Property Trust Vice President & Regional Property Manager Current

Andrew Blevins is managing director responsible for Liberty's United Kingdom portfolio. In 2003 Mr. Blevins was appointed managing director of Liberty's subsidiary, Rouse Kent Ltd., which, when Liberty exercised its option to purchase in July of 2003, became Liberty Property Trust's wholly owned United Kingdom office. Prior to joining Liberty, Mr. Blevins served as national director of Jones Lang Lasalle's international property consultancy and as a manager of leasing and development at St. Quintin. He graduated from Nottingham Trent University with a BSc (Honours) degree and is a member of the Royal Institution of Chartered Surveyors.

Organization Position Status
Liberty Property Trust Managing Director, United Kingdom Portfolio Current
Royal Institution of Chartered Surveyors Board of Directors Current
Nottingham Trent University Bsc (Honours) Former

Organization Position Status
Liberty Property Trust Founder Current

Organization Position Status
Liberty Property Trust Director of Development & Leasing Current

Organization Position Status
Liberty Property Trust Associate Director, Marketing & Leasing Current

Organization Position Status
Liberty Property Trust Senior Project Director Current

Thomas C. DeLoach, Jr. received his bachelor's degree with honor in chemical engineering in 1969 from Georgia Tech and joined Mobil Oil Corporation at its Beaumont, Texas Refinery. Tom progressed through a number of various positions in manufacturing, planning and supply to become Manager Crude Oil Supply for U.S. Marketing and Refining in 1980. In 1981 he was the liaison with Mobil's diversified businesses: Montgomery Ward, Container Corporation and W. F. Hall Printing Company. He was named Vice President, U.S. Supply in 1984; and in 1986, he was appointed Vice President and General Manager, U. S. Marketing. He was elected VP, Corporate Planning and Economics for Mobil Corporation in 1990. He was elected to the Mobil Oil Board of Directors and named VP, Worldwide Supply and Trading in 1991. In 1993, Tom was named Executive VP in charge of International Marketing and Refining and in 1994 was named Chief Financial Officer for Mobil Corporation. In 1998, he became President of Global Midstream, which included global hydrocarbon supply and trading, marine operations, Middle East relationships and worldwide natural gas sales and marketing. From 1993 until his retirement, he was also the worldwide coordinator of Mobil's Motorsports programs. He retired in 2000 from Mobil Corporation.

Organization Position Status
Red Horse Racing, LLC Owner, Managing Partner Current
Asbury Automotive Group, Inc. Board of Directors Current
Exxon Mobil Corporation Chief Financial Officer Former
Mobil Corporation Chief Financial Officer Former
Mobil Oil Corporation Executive Vice President Former
Exxon Mobil Corporation Vice President Former
Penske Racing, Inc. Partner Former
Liberty Property Trust Board of Directors Current
Mobil Corporation Engineer Former
Liberty Property Trust Chair Former
Mobil Oil Corporation Board of Directors Former

Organization Position Status
Aareunion Executive Vice President, Marketing Current
American Airlines, Inc. Executive Vice President, Marketing Current
AMR Corporation Executive Vice President, Marketing Current
The Orbitz Director Current
Liberty Property Trust Board of Directors Current
American Eagle Airlines Inc. President Former
AMR Eagle Holding Corporation President, American Eagle Airlines Former
Continental Airlines, Inc. Senior Vice President and Chief Financial Officer Former
Analysis, Inc. Analyst Former
The Finance Department Former

William P. Hankowsky has served as a trustee of the Trust since May 2003. Mr. Hankowsky joined the Trust on January 1, 2001 as Executive Vice President and Chief Investment Officer and was promoted to the position of President on March 12, 2002. Mr. Hankowsky became the Chief Executive Officer of the Trust on January 21, 2003 and Chairman on June 10, 2003. Prior to joining the Trust, Mr. Hankowsky served as President of the Philadelphia Industrial Development Corporation ("PIDC") from 1989 through 2000. As the chief executive officer of PIDC, he oversaw the City of Philadelphia's economic development agency. Prior to that time, Mr. Hankowsky served as an executive with a variety of economic development projects and agencies. Mr. Hankowsky serves on the boards of a variety of not-for-profit entities

Organization Position Status
Liberty Property Trust Chief Executive Officer Current
Aqua America, Inc. Chairman, President and CEO, Liberty Property Trust Current
Liberty Property Trust President Current
Liberty Property Trust Chairman, Trustees Current
Liberty Property Trust Chief Investment Officer Former
Penn's Landing Corporation Board of Directors Current
Philadelphia Convention & Visitors Bureau Board Member Current
Citizens Financial Group, Inc. Director Current
Kimmel Center, Inc. Board of Directors Current
Philadelphia Shipyard Development Corporation Board of Directors Current
Aqua America, Inc. Director Current
The Academy of Music Board of Directors Current
Innovation Philadelphia, Inc. Board of Directors Current
Pidc Chief Executive Officer Former
Philadelphia Industrial Development Corp President Former
Liberty Property Trust Executive Vice President Former
Brown University Bachelor of Arts Degree In Economics Former

Mr. Mejia brings a wealth of experience in the arena of manufacturing, logistics and distribution, procurement, supplier management, new product introduction and cash/margin improvement. After earlier working experience at Owens Illinois, IBM, and seven years at Ford Motor Company, he was Vice President of External Manufacturing at Nortel Networks. Mr. Mejia joined Lucent in 1999 as Vice President and Chief Procurement Officer and in 2001 rose to the position of President of the Supply Chain, Program Management and Customer Operations. At Lucent he had end-to-end responsibility for all operations and supply chain and was heavily involved in margin realization and significant cash improvements. His team was a key driver in the turnaround of Lucent and its return to profitability. His responsibilities spanned world-wide bases, over more than 50 countries with a high of over 40,000 people. At Lucent, he also developed numerous successful high level customer partnerships with service providers in many parts of the world including Telefonica, Tel-Mex, Digitel, Vivo, Verizon, Vodafone and China Telecom, among others. He created and implemented the first of its kind Supply Chain Bell Labs Research Center in Dublin, Ireland in coordination with the Irish Government and top Universities in Ireland. Upon the merger of Lucent and Alcatel, Mr. Mejia chose to leave and eventually joined Spansion, Inc. as Executive VP of Operations and later on as a consultant. He led close to 8,000 people world wide and was responsible for all company manufacturing, semi-conductor fabrication facilities, final assembly and test operations, distribution and information technology. In those capacities, he introduced two brand new technology nodes and products and redefined Spansion’s IT structure as well as is procurement, quality and supply chain organizations. During his extensive career, Mr. Mejia has been very active in entrepreneurial and M&A activities at Ford Motor Company, as well as the sale of Bay Networks to Northern Telecom, and the spin off of Agere and Avaya from Lucent. Most recently, he has been carrying out entrepreneurial activities including establishing Nuestro Banco, a successful retail community bank that addresses the evolving needs of the Hispanic Community in North Carolina as well as Univa Capital and Premier Management Group. Mr. Mejia serves on the Board of Directors of Pella Corporation and Liberty Property Trust Mr. Mejia earned a BS in Industrial Operations Engineering at the University of Michigan and MBA in Finance and Operations Research from Duke University’s Fuqua School of Business as well as an honorary doctorate from the W.P. Carey Graduate School of Business at the Arizona State University. He is the recipient of the “Ellis Island” Medal of Honor. He was named one of Hispanic Business Magazine’s 25 Corporate Elite for 2004 and 2005 and in 2003, Hispanic Engineer National Achievement Awards Corporation named him “Engineer of the Year."

Organization Position Status
Medis Technologies Ltd. President & Chief Executive Officer Current
Medis Technologies Ltd. Chairman Current
Univa Capital Co-Chairman Current
Duke University Board Member Current
Liberty Property Trust Board of Directors Current
Affinity Federal Credit Union Board of Directors Current
Liberty Properties Board of Directors Current
Lucent Former
     LRY $28.75 -0.38 (-1.30% )
Average Volume 1,014,870
Shares Outstanding 112.61M
Market Cap 3.2B
Year High 36.18
Year Low 15.88
Earnings Per Share 1.31
P/E Ratio 21.95
Dividend 1.90
Yield 6.61