BOSTON, May 14 /PRNewswire/ -- Cabot Industrial Trust (NYSE: CTR)
announced today that John Demeritt has joined the company as Vice President -
Financial Planning and Analysis. In his position, John will be responsible
for short and long-term forecasting, and cash management. John will also be
involved with secured and unsecured financing.
John comes to Cabot with over 18 years of accounting and finance
experience. His most recent experience was with The Meditrust Companies where
he was a controller of the $5 billion real estate investment trust, which was
primarily in the healthcare and lodging segments. John started his career in
1982 as a certified public accountant for Laventhol & Horwath. John is a
member of the AICPA and the Massachusetts Society of CPAs.
Cabot Industrial Trust is a publicly held real estate investment trust
with $1.8 billion in total assets. The Company's investment strategy is
focused exclusively on the industrial property sector where it seeks to own
high quality, functional buildings. As of March 31, 2001, the Company owned
360 warehouse, distribution or workspace properties in 19 principal markets
throughout the nation. The Company targets locations in major metropolitan
areas, which the Company believes have the best long-term prospects, based on
employment and distribution trends as well as actual or potential land
scarcity. The Company seeks to grow cash flows and shareholder value by
focusing on the following: active property management and tenant marketing
and leasing; disciplined value-based acquisitions; property development; and
investment advisory and co-investment programs with major institutional
investors.
SOURCE Cabot Industrial Trust
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Related links:
http://www.cabottrust.com
CONTACT:
Franz Colloredo-Mansfeld, Chief Financial
Officer of Cabot, 617-723-0900
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