Weingarten Realty Announces Promotions

HOUSTON--()--Weingarten Realty Investors (NYSE:WRI) announced today the promotions of Richard H. Carson to Senior Vice President / Development and Acquisitions, Timothy M. Frakes to Senior Vice President / Development and Acquisitions, Chad Ellis to Divisional Vice President / Finance, Kent Maxey to Regional Vice President / Property Management, Blane O’Banion to Area Vice President / Leasing and Ken Wygle to Area Vice President / Leasing.

Richard H. Carson, Senior Vice President / Development and Acquisitions

Rick joined Weingarten in 2008 as Vice President / Senior Regional Director of New Development based out of Atlanta. Rick graduated cum laude from Georgia State University with a Bachelor of Business Administration with a major in Marketing. He is also a Georgia licensed Real Estate Broker. During 2016, Rick was successful in negotiating and acquiring The Palms at Town & Country Lifestyle Center (the Company’s largest asset) and Deerfield Mall located in Florida.

Timothy M. Frakes, Senior Vice President / Development and Acquisitions

Tim joined Weingarten in 1994 as a Regional Leasing Executive based in the Phoenix office. Tim was the Regional Development Director in 2000, and in 2003, Tim was promoted to Vice President / Senior Regional Director of New Development. In his role, Tim has developed and/or acquired approximately 36 shopping centers in 5 states. Tim graduated from the University of Arizona with a Bachelor of Administration with a major in Finance. Tim was successful in negotiating and acquiring Scottsdale Waterfront, The Summit at Scottsdale, and the Westside Center during 2015-2016.

Chad Ellis, Divisional Vice President / Finance

Chad joined Weingarten in 2009 as Manager of Treasury Operations, and since 2010, has held the position of Director, Treasury Services. Prior to joining Weingarten, Chad earned his Treasury experience at major oil companies in Houston. Chad graduated from Texas A&M University with a Bachelor of Business Administration and a major in Finance.

Kent Maxey, Regional Vice President / Property Management

Kent joined Weingarten in 2012 and is currently Regional Vice President of Property Management. In his role, Kent oversees all Property Management responsibilities within the Central Region. Kent earned his Bachelor of Science degree in Organizational Leadership from Southern Nazarene University and has earned his Certified Shopping Center Manager (CSM) designation. He is also a member of the International Council Shopping Centers and The Institute of Real Estate Management. Prior to joining Weingarten, Kent spent more than 12 years in property management with General Growth, AMReit and Read King.

Blane O’Banion, Area Vice President / Leasing

Blane joined Weingarten in 1999 as a Leasing Executive in our Dallas office. He graduated from Texas Tech University with a Bachelor of Arts degree, majoring in Political Science. Blane has volunteered extensively with ICSC (International Council of Shopping Centers) over the past 10 years and currently serves as the State Operations Co-Chair of Texas.

Ken Wygle, Area Vice President / Leasing

Ken joined Weingarten in 2005 as a Leasing Executive and was promoted to a Regional Leasing Director in the Mid-Atlantic region in 2013 overseeing a portfolio consisting of Georgia, Kentucky and Tennessee. Ken graduated from Miami University with a Bachelor of Science degree and a major in Economics.

"These Associates are an integral part of the Company’s overall success; their promotions reflect our acknowledgment in their ability and the contributions they make to Weingarten,” stated Drew Alexander, President and Chief Executive Officer.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE:WRI) is a shopping center owner, manager and developer. At December 31, 2016, 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 220 properties which are located in 18 states spanning the country from coast to coast. These properties represent approximately 44.7 million square feet of which our interests in these properties aggregated approximately 28.5 million square feet of leasable area. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.

Forward-Looking Statements

Statements included herein that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements. Reference is made to the Company’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company’s performance.

Contacts

Weingarten Realty Investors
Michelle Wiggs, (713) 866-6050
Vice President of Investor Relations

Release Summary

Weingarten announces promotions of Richard H. Carson, Timothy M. Frakes, Chad Ellis, Kent Maxey, Blane O'Banion and Ken Wygle.

Contacts

Weingarten Realty Investors
Michelle Wiggs, (713) 866-6050
Vice President of Investor Relations