WRI Weingarten Realty Investors

Weingarten Realty (NYSE: WRI) announced today the restructuring of its existing four regional footprint to add a fifth Southeast region.

At the beginning of 2010, Weingarten divided the Western region into the Western and Mountain regions and will be moving forward with a similar change in the East. This new alignment, dividing the East into the Mid Atlantic and Southeast regions, strengthens our “boots on the ground” focus and our overall strategy to lease space and grow the portfolios with local expertise.

Weingarten’s operating and growth focus will be geographically broken down into the following five regions:

                               

Region

States Included in Region

Regional Vice President

 

Mid Atlantic

GA, KY, TN, NC, SC Jeff Harrison Southeast FL Steve Weingarten Central TX, OK, LA, AR, MO, KS, IL Gerald Crump Mountain AZ, CO, NM, NV, UT Miles Sanchez Western CA, WA, OR Neil Soskin  

“This change allows Weingarten to move decisions closer to the assets, foster our commitment to centralize regional business units and redirect some of our human resources to external growth. This change will also give a little more granularity in our operating segments,” stated Drew Alexander, President and Chief Executive Officer.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and developer. At September 30, 2010, the company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 378 developed income-producing properties and 10 properties under various stages of construction and development. The total number of properties includes 307 neighborhood and community shopping centers located in 22 states spanning the country from coast to coast. The company also owns 78 industrial projects located in California, Florida, Georgia, Tennessee, Texas and Virginia and three other operating properties located in Arizona and Texas. At September 30, 2010, the Company’s portfolio of properties was approximately 70.6 million square feet. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.