PORT WASHINGTON, N.Y.,
June 12, 2018 /PRNewswire/
-- Cedar Realty Trust, Inc. (NYSE: CDR) announced today that
the Company's Board of Directors has elected Sabrina L. Kanner as an independent
director. Ms. Kanner's election to the Board will fill the
vacancy created by the retirement of Senator Paul G. Kirk, Jr. from the Board effective as of
the Company's annual meeting on May
2, 2018. The Company's Board of Directors has
determined that Ms. Kanner is independent under all applicable
federal and stock exchange standards and has appointed Ms. Kanner
to serve as a member of the Nominating/Corporate Governance
Committee and the Compensation Committee. Ms. Kanner's term will
run until the 2019 annual meeting of stockholders of the Company
and until her successor is duly elected and qualified.
Ms. Kanner is the current Executive Vice President, Design &
Construction of Brookfield Properties (USA II) LLC and has responsibility for design
and construction activities in Brookfield's U.S. properties and development
sites. Ms. Kanner has held various positions at Brookfield
Properties and its predecessor company over the past 36 years, and
has most recently grown the company's design and construction
platform to support the company's expansion into multi-family
development and headed the design and construction of major
development and redevelopment projects in the U.S. Ms. Kanner
also currently serves on the board of Opus Holding LLC, a privately
held company that provides development, design and construction
services across asset classes to clients with operations in the
Midwest and Southwest. Ms. Kanner is a cum laude
graduate of Union College with a B.A.
in English.
"We are honored to welcome Sabrina
Kanner to our Board of Directors," commented Bruce Schanzer, President and Chief Executive
Officer. "We believe Cedar will greatly benefit from her
expertise in large-scale urban redevelopment projects and
specialized industry knowledge. Ms. Kanner's appointment will
complement and enhance our Board's breadth of experience and we
feel truly fortunate to welcome her into our ranks."
About Cedar Realty Trust
Cedar Realty Trust, Inc. is a fully-integrated real estate
investment trust which focuses on the ownership, operation and
redevelopment of grocery-anchored shopping centers in high-density
urban markets from Washington,
D.C. to Boston. The
Company's portfolio (excluding properties treated as "held for
sale") comprises 59 properties, with approximately 8.7 million
square feet of gross leasable area.
For additional financial and descriptive information on the
Company, its operations and its portfolio, please refer to the
Company's website at www.cedarrealtytrust.com.
Forward-Looking Statements
Statements made in this press release that are not strictly
historical are "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements include, among other things, the Company's expectations
regarding the appointment of Ms. Kanner as a member of the
Company's Board of Directors, Nominating/Corporate Governance
Committee and the Compensation Committee. These statements
are made as of the date hereof, are not guarantees of future
performance and are subject to known and unknown risks,
uncertainties, assumptions and other factors, many of which are out
of the Company's and its management's control and difficult to
forecast, that could cause actual results to differ materially from
those set forth in or implied by such forward-looking
statements. Some of these risks are described under the
headings "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" as included in
the Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2017 and its other
periodic reports filed with the Securities and Exchange Commission,
which are accessible on the Securities and Exchange Commission's
website at www.sec.gov. The Company assumes no, and hereby
disclaims any, obligation to update any of the foregoing or any
other forward-looking statements as a result of new information or
new or future developments, except as otherwise required by
law.
View original
content:http://www.prnewswire.com/news-releases/sabrina-kanner-elected-to-cedar-realty-trust-board-of-directors-300664986.html
SOURCE Cedar Realty Trust, Inc.