HOUSTON, April 23, 2007 (PRIME NEWSWIRE) -- Whitestone REIT, formerly known as Hartman Commercial Properties REIT (HCP REIT), announced today that it has initiated a program to identify and groom executive talent to prepare management for enlarged responsibilities as the company grows its operations and expands geographically.
Vice President of Human Resources Greg Belsheim has designed the program, which will encompass specific skills for REIT managers, including Acquisitions, Property Management, Leasing and Construction. It will also cover general corporate management topics such as Organization and Ethics, Capital Markets, Finance and Legal Issues. Only a select group of managers are expected to participate in the program of 15 sessions.
Chairman and Interim Chief Executive Officer James C. Mastandrea said, "Whitestone REIT places a high importance on this training program to equip our future executives with the knowledge and tools they need to be more effective. Our investment in the program confirms our commitment to the professional and judicial management of the company's growth."
Belsheim said, "This course will help us to identify the leadership talent we will need as Whitestone REIT increases its assets and evolves into a national organization."
ABOUT WHITESTONE REIT (FORMERLY HARTMAN COMMERCIAL PROPERTIES REIT "HCP REIT")
Whitestone REIT owns and operates retail, office and office warehouse properties, 33 of which are in the Houston area, two office buildings in Dallas, and a retail plaza in San Antonio. For more information go to http://www.whitestonereit.com
Forward-Looking Statement:
This report includes "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. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, and the impact of competitive services and pricing and general economic risks and uncertainties.