Piedmont Office Realty Trust, Inc. Announces Management Changes
November 29, 2016 at 05:01 pm
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On November 29, 2016, Piedmont Office Realty Trust, Inc. announced that Raymond L. Owens will retire as CIO of the company, effective June 30, 2017. C. Brent Smith will immediately assume the role of co-CIO and succeed Mr. Owens as CIO on June 30, 2017. Mr. Smith has been with the company since July 2012 and prior to that was an executive director with Morgan Stanley's real estate investment banking division for eight years. Mr. Owens will remain a consultant for the company over the next three years, working with Mr. Smith and the rest the management team on select investment opportunities.
Piedmont Office Realty Trust, Inc. is a fully integrated, self-managed real estate investment trust (REIT). The Company is an owner, manager, developer, redeveloper, and operator of Class A office properties located primarily in major United States Sunbelt markets. The Company conducts business through its wholly owned subsidiary, Piedmont Operating Partnership, L.P. (Piedmont OP). It owns and operates about 51 in-service office properties comprised of approximately 17 million square feet of primarily Class A office space which are 87.1% leased. It has one redevelopment asset comprising about 127,000 square feet in Orlando, Florida. The Companyâs portfolio of properties is primarily located in various metropolitan areas, including Atlanta, Dallas, Northern Virginia/Washington, D.C., Boston, Orlando, Minneapolis, and New York, and others.
PIEDMONT OFFICE REALTY TRUST, INC. 
