25.05.2005 22:07:00
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American Financial Realty Trust Announces Resignation of James Ratner
JENKINTOWN, Pa., May 25 /PRNewswire-FirstCall/ -- American Financial Realty Trust , a real estate investment trust focused on acquiring and leasing properties occupied by financial institutions, today announced that James T. Ratner, its Executive Vice President for Finance and Corporate Strategy, has resigned to pursue other personal and professional interests.
"Having contributed to AFR's growth to over $4 billion in assets, I believe that now is the time to pursue other challenges, both personal and professional," said Mr. Ratner. "I have enjoyed my time at AFR, and feel privileged to have been part of its growth."
"Jim Ratner has made a tremendous contribution to AFR during a period of rapid expansion by the Company," said Nicholas S. Schorsch, president and chief executive officer. "He is a very talented executive, whose presence will be missed, both by the Company and by me. I wish him the very best in his future endeavors."
About American Financial Realty Trust
American Financial Realty Trust is a self-administered, self-managed real estate investment trust that acquires properties from, and leases properties to, regulated financial institutions. The Company owns and manages its assets primarily under long-term triple net and bond net leases with banks. The Company is led by chief executive officer Nicholas S. Schorsch and non- executive chairman Lewis S. Ranieri. The Company is traded on the New York Stock Exchange under the ticker symbol AFR.
For more information on American Financial Realty Trust, visit the Company's website at http://www.afrt.com/ .
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