WRI Weingarten Realty Investors

HOUSTON, Dec. 19 /PRNewswire-FirstCall/ -- Weingarten Realty Investors (NYSE:WRI) announced today that the Company has promoted Gary Greenberg to Senior Vice President/Capital Markets and Greg Murphy to Senior Vice President/Director of Industrial Properties and Industrial Acquisitions. As Senior Vice President/Capital Markets, Gary Greenberg manages the sourcing, negotiation, and structuring of Weingarten's institutional investor joint ventures including the three new ventures announced in 2006, which aggregate almost one billion dollars. Additionally, Mr. Greenberg serves as Weingarten's Pension Real Estate Association representative. Mr. Greenberg has been with Weingarten for nine years and has a total of nineteen years of experience in the real estate business. He is a graduate of The University of Texas Business Honors program, has an MBA from The Wharton School at The University of Pennsylvania, and is a Certified Public Accountant. In his role as Senior Vice President/Director of Industrial Properties, Greg Murphy oversees the operations of a 15 million square foot industrial portfolio spanning the southern United States. As such, he is responsible for all industrial acquisitions and dispositions, leasing and management of the portfolio, and industrial joint venture relationships. Mr. Murphy has been with Weingarten for five years and has a total of nineteen years of experience in the real estate business. Mr. Murphy received his undergraduate degree in business and economics from the University of Pittsburgh and his MBA in Finance from the University of Pittsburgh's Katz Graduate School of Business. In addition, the Company announced the promotion of the following Associates to Vice President: Gerald Crump Vice President/Regional Director of Leasing Bill Crook Vice President/Legal -- New Development Robin Hilliard Vice President/Associate Director of Leasing Marc Kasner Vice President/Legal -- Acquisitions & Dispositions Kelly Landwermeye Vice President/Director of Houston Industrial Properties Greg Lotzar Vice President/Associate Director of Leasing Richard Summers Vice President/Director of Investor Relations "Each of these Associates' knowledge and efforts have been an important part of our success, and these promotions reflect our confidence in their ability to contribute significantly to the future success of the Company," stated Drew Alexander, President & CEO. As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty Investors is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in 22 states that span the southern portion of the United States from coast to coast. The Company's portfolio of 373 properties includes 309 neighborhood and community shopping centers and 64 industrial properties, aggregating 47.5 million square feet. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 5,400 tenants comprising approximately 3% of its rental revenues. To learn more about the Company's operations and growth strategies, please visit http://www.weingarten.com/ . DATASOURCE: Weingarten Realty Investors CONTACT: Richard Summers of Weingarten Realty Investors, +1-713-866-6050 Web site: http://www.weingarten.com/

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