BRE Properties Names 2 New Board Members

Sat. November 07, 2009; Posted: 12:53 AM

Nov 07, 2009 (Close-Up Media via COMTEX) -- BRE | Quote | Chart | News | PowerRating -- BRE Properties, Inc. has announced the appointment of Thomas P. Sullivan and Jeffrey T. Pero to the company's board of directors, effective December 1.

The appointment of two new directors, which increases the board to 12 members, is part of an ongoing board succession plan, implemented as current members near retirement age. Edward E. Mace, a current BRE director, is scheduled to retire May 2010.

Sullivan, a partner at Wilson Meany Sullivan; and Pero, a retired partner at Latham & Watkins, will serve on the board as independent directors. Sullivan will serve on the real estate and audit committees; Pero will serve on the audit, and nominating and governance committees.

"BRE is pleased to welcome Tom Sullivan and Jeff Pero, two highly successful, well-respected individuals with a wealth of experience in virtually every aspect of our business, to our board," said Constance B. Moore, BRE's president and CEO. "For more than 20 years, Tom has been instrumental in the development of landmark office and retail properties in the San Francisco Bay area. For the past 10 years, Jeff served as our primary outside counsel. In the current business and regulatory environment, his legal and transactional expertise will add an important competency to the board."

BRE Properties, based in San Francisco, Calif., owns and manages apartment communities convenient to its residents' work, shopping, entertainment and transit in supply-constrained Western U.S. markets.

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For full details on BRE Properties Inc. (BRE) click here. BRE Properties Inc. (BRE) has Short Term PowerRatings of 4. Details on BRE Properties Inc. (BRE) Short Term PowerRatings is available at This Link.

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