American Financial Realty Trust announces agreement with DHL Express to add drop boxes
American Financial Realty Trust , a real estate investment trust focused on acquiring and leasing properties occupied by financial institutions, today announced that it has entered into an agreement with DHL Express to provide tenants throughout its national asset network with on-premises drop boxes for express delivery service.
According to the terms of the agreement DHL will place drop boxes at up to 500 American Financial Realty offices and retail locations across the United States. The arrangement provides DHL with another avenue to expand its U.S. footprint by tapping into American Financial Realty's geographically diverse portfolio of properties. At the same time, AFR is able to provide its tenants with DHL's premier express delivery services, while capitalizing on a new revenue opportunity that unlocks additional value from AFR's real estate portfolio.
American Financial Realty Trust
The program will be jointly marketed through American Financial Realty's property management group which operates more than 1,000 properties in 39 states and 338 markets and through DHL's USA web site (http://www.dhl-usa.com/) and direct mail program, as well as brochures at drop box locations. Roll out will be phased in by market and is expected to be completed by June 30.
"This relationship with one of the leading providers of express delivery services, signals the beginning of a new asset enhancement program that will expand the scope and depth of services we provide to our tenants," said Michael Weil, senior vice president of sales and leasing at American Financial Realty Trust. "The backbone of AFR's business model is our relationship-based approach to property and customer relationships. This relationship with DHL is yet another way that we provide value-added service that increases the growth and profitability of our customers, while creating new business opportunities for AFR."
For more information about American Financial Realty Trust, or to arrange interviews with AFR executives, contact Tony DeFazio, Director of Public Relations at 215-887-2280 x2919 or [email protected].
About American Financial Realty Trust
American Financial Realty Trust is a self-administered, self-managed real estate investment trust that acquires properties from, and leases properties to, regulated financial institutions. The Company owns and manages its assets primarily under long-term triple net and bond net leases with banks. The Company is led by chief executive officer Nicholas S. Schorsch and non- executive chairman Lewis S. Ranieri. The Company is traded on the New York Stock Exchange under the ticker symbol AFR. For more information on American Financial Realty Trust, visit the Company's website at http://www.afrt.com/.
About DHL
DHL is the global market leader of the international express and logistics industry, specializing in providing innovative and customized solutions from a single source. DHL offers expertise in express, air and ocean freight, overland transport, and contract logistic solutions as well as international mail services, combined with worldwide coverage and an in-depth understanding of local markets. DHL's international network links more than 220 countries and territories worldwide with over 285,000 employees dedicated to providing fast and reliable services that exceed customers' expectations. Founded in San Francisco in 1969, DHL is a Deutsche Post World Net brand. For more information on DHL, please visit http://www.dhl.com/.
CONTACT: Muriel Lange, Investor Relations, +1-215-887-2280,
[email protected], or Anthony J. DeFazio, Media Relations, +1-215-887-2280,
[email protected], both of American Financial Realty Trust
Web site: http://www.afrt.com/
http://www.dhl.com/
