BETHESDA, Md., May 15, 2014 /PRNewswire/ -- First Potomac Realty
Trust (NYSE: FPO), a leading owner of office and business park
properties in the greater Washington,
D.C. region, today announced the appointment of Robert Milkovich as Executive Vice President and
Chief Operating Officer, effective June
2, 2014. In this role, Mr. Milkovich will oversee all
aspects of operations, including leasing, property management,
marketing and development.
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"We are thrilled to welcome Bob to First Potomac's executive
team," said Douglas J. Donatelli,
Chairman and Chief Executive Officer of First Potomac Realty
Trust. "I look forward to working closely with Bob as we
expand our portfolio in the Washington,
D.C. office market and work to position ourselves as a
market leader. We believe Bob's depth of experience and
knowledge will help us strengthen the operations of our current
portfolio and allow us to take the next steps in our evolution and
growth."
Prior to joining First Potomac Realty Trust, Mr. Milkovich
served as President of Spaulding & Slye Investments, a
comprehensive real estate services and investment company that is a
wholly owned subsidiary of JLL (Jones Lang LaSalle Incorporated)
where he managed the company's portfolio of assets, headed the
investment committee, developed the company's investment portfolio
strategies, oversaw investment management and sourced new business
opportunities. Prior to that, Mr. Milkovich spent over 20
years in various commercial real estate leadership roles, including
serving as Regional Director of Archon Group, L.P., an investment
arm of the merchant banking division of Goldman Sachs, where he
spearheaded the asset management of $2
billion for their merchant bank, special situations group,
and other parts of the firm, in addition to generating investment
opportunities. Prior to his tenure with Archon Group, L.P.,
Mr. Milkovich served as a Market Managing Director for CarrAmerica
Realty Corporation, then a publicly traded office REIT
headquartered in Washington, D.C.,
with primary responsibilities including overseeing asset
management, development activities, portfolio investments, and
acquisition efforts.
Mr. Milkovich is a graduate of the University of Maryland.
He currently serves as a Director and Investment Committee member
for the University System of Maryland Foundation, overseeing real
estate investment activities and administering and managing funds
for the benefit of institutions and foundations affiliated with the
University System of Maryland. Mr. Milkovich is also an
active member of the Office Development Council for the Urban Land
Institute and a member of the Economic Club of Washington, D.C.
About First Potomac Realty Trust
First Potomac
Realty Trust is a self-administered, self-managed real estate
investment trust that focuses on owning, operating, developing and
redeveloping office and business park properties in the greater
Washington, D.C. region. As
of March 31, 2014, the Company's
consolidated portfolio totaled 8.7 million square feet. Based
on annualized cash basis rent, the Company's portfolio consists of
54% office properties and 46% business park and industrial
properties. A key element of First Potomac's overarching
strategy is its dedication to sustainability. Over one
million square feet of First Potomac property is LEED Certified,
with the potential for another 700,000 square feet in future
development projects. Approximately half of
the portfolio's multi-story office square footage is LEED or
Energy Star Certified. First Potomac Realty Trust's common
shares (NYSE: FPO) and preferred shares (NYSE: FPO-PA) are publicly
traded on the New York Stock Exchange.
Media Contact:
Vikki Kayne
301.986.9200
vkayne@first-potomac.com
SOURCE First Potomac Realty Trust