LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) announced today that veteran commercial real estate professional Rob Swartz has joined the West Coast real estate investment trust to manage the company’s Pacific Northwest region. Swartz will be responsible for all leasing and marketing activities for KRC’s stabilized and development projects in the region, as well as identifying new opportunities and expanding the company’s footprint in this high-growth market that is home to many of the world’s leading businesses.
With over thirty-three years of experience in commercial real estate, Swartz has held key roles in the Seattle and San Francisco markets in a variety of disciplines including real estate brokerage, acquisitions and dispositions, business development, advisory and design. He spent 16 years at CB Commercial Real Estate Group in Seattle, 12 years as Principal with NBBJ, a leading global architecture firm, in Seattle, four years as Principal of KMD Architects in San Francisco and joins KRC from his own Seattle-based firm that specializes in real estate consulting and advisory services to corporations, enterprises and property owners.
“We are excited to add someone of Rob’s caliber to the team,” said John Kilroy, the company’s chairman, president and chief executive officer. “Rob’s deep and diversified real estate experience in managing complex projects along with his extensive and broad relationships with customers and clients will fit perfectly with the company’s vertically integrated platform.”
About Kilroy Realty Corporation. With almost 70 years’ experience owning, developing, acquiring and managing real estate assets in West Coast real estate markets, Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the region’s premier landlords. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
At June 30, 2016, the company’s stabilized portfolio totaled 13.7 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County and San Diego. The company is recognized by GRESB as the North American leader in sustainability and was ranked first among 178 North American participants across all asset types. The company’s properties were 47% LEED certified and 71% of eligible properties were ENERGY STAR certified. In addition, KRC had one office project totaling approximately 700,000 square feet under construction, two office projects in lease-up totaling approximately 430,000 square feet and a 200-unit residential tower in lease-up. More information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains 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. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, among others, risks associated with: investment in real estate assets, which are illiquid; trends in the real estate industry; significant competition, which may decrease the occupancy and rental rates of properties; the ability to successfully complete acquisitions and dispositions on announced terms; the ability to successfully operate acquired properties; the availability of cash for distribution and debt service and exposure of risk of default under debt obligations; adverse changes to, or implementations of, applicable laws, regulations or legislation; and the ability to successfully complete development and redevelopment projects on schedule and within budgeted amounts. These factors are not exhaustive. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2015 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on information that was available, and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent required in connection with ongoing requirements under U.S. securities laws.