Urban Edge Properties (NYSE:UE) today announced the appointment of
Bernie Schachter to the position of Executive Vice President – Asset
Management. Mr. Schachter, 56, is expected to join Urban Edge in May
2016 and brings more than 30 years of experience in all aspects of real
estate ownership, development and operation. He will oversee Urban
Edge’s development and property management functions.
Mr. Schachter is currently Senior Vice President of Real Estate for
Staples, Inc. and has oversight responsibility for retail site
selection, store design, construction, and facilities and energy
management. He also oversees non-store real estate functions including
headquarters operations, warehouses, distribution centers, call centers
and sales offices. Mr. Schachter earned a BS in Economics from The
Wharton School, University of Pennsylvania, and an MS in Real Estate
from MIT.
“I have known Bernie for more than a decade. He is an ideal fit for our
company given his deep knowledge of retail markets and retailer
operations, his focus on execution and his demonstrated leadership
abilities,” said Jeffrey Olson, Urban Edge’s Chairman and Chief
Executive Officer.
ABOUT URBAN EDGE PROPERTIES
Urban Edge Properties is a NYSE listed real estate investment trust
focused on managing, acquiring, developing, and redeveloping retail real
estate in urban communities, primarily in the New York metropolitan
region. Urban Edge owns 84 properties totaling 14.8 million square feet
of gross leasable area.
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