BINGHAM FARMS, Mich., July 24 /PRNewswire/ -- Malan Realty Investors, Inc.
(NYSE: MAL), a self-administered real estate investment trust (REIT), today
announced that its board of directors has elected to pursue new executive
leadership. Anthony S. Gramer, formerly president and chief executive
officer, is no longer with the company. Effective immediately, Michael K.
Kaline, vice president, will handle Mr. Gramer's responsibilities until
further management appointments are made.
Paul Gray, chairman of Malan's board of directors, said, "The board is
confident that Malan's management team is well prepared to lead the company
until the offices previously occupied by Mr. Gramer are filled. We wish Tony
well in his future endeavors."
Malan Realty Investors, Inc. owns, acquires, redevelops and manages
properties that are leased primarily to national and regional retail
companies. The company owns a portfolio of 64 properties located in 9 states
that contains an aggregate of approximately 5.9 million square feet of GLA.
News releases for Malan Realty Investors are available on the company's
web site at http://www.malanreit.com or through Company News On-Call by fax at
(800) 758-5804, ext. 114165, or http://www.prnewswire.com .
SOURCE Malan Realty Investors, Inc.
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Related links:
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CONTACT:
Michael K. Kaline, Vice President of Malan
Realty Investors, Inc., 248-644-7110; or Fred Nachman of Marjan
Communications Inc., 312-867-1771
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