First Potomac Realty Trust Names Mario Silva as Director of Portfolio Management
BETHESDA, Md.--(BUSINESS WIRE)-- First Potomac Realty Trust (NYSE:FPO), a leading owner of office and industrial properties in the greater Washington, D.C. area, today announced that Mario Silva has joined the company as Director, Portfolio Management. In his role, Mr. Silva will lead long-term strategic business plan initiatives for the portfolio, assist in developing and implementing best practices for the department, and take an active role in the day-to-day portfolio management responsibilities for the Company's Southern Virginia region.
"Mario is a great addition to the First Potomac team. He brings leadership and direction to our portfolio management team, and will be an integral part in managing the performance of our properties," said Patrick Kelly, Vice President, Acquisitions and Portfolio Management of First Potomac Realty Trust.
Silva comes to First Potomac Realty Trust with over 20 years of finance and property management experience. He most recently served as Director of Property Management for Brookfield Office Properties/Trizec Properties, Inc. (NYSE: BPO). During his 10 years at Brookfield he oversaw property management for both the suburban portfolios of Maryland and Virginia, bringing them together to operate as a cohesive unit, as well as the management of Brookefield's 13 Class A/B office properties located in Washington, D.C. Previously Mr. Silva was assistant vice president of asset management at Quadrangle Development Corporation and also worked at Archon Group, Delta Associates, Inc and Sovran Bank of Maryland.
Silva is a certified LEED Green Associate. He is a candidate for CCIM designation; pursuing CPM designation. Silva received his MBA in Real Estate Finance and Urban Development from The American University and his bachelor's degree in Financial Management from The Catholic University of America, both in Washington, D.C.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and industrial properties in the greater Washington, D.C. region. As of March 31, 2013, the Company's consolidated portfolio totaled approximately 14 million square feet. Based on annualized cash basis rent, the Company's portfolio consists of 43% office properties, 34% business parks and 23% industrial properties. A key element of First Potomac's overarching strategy is its dedication to sustainability. Nearly 1 million square feet of First Potomac property is LEED Certified, with the potential for another 1 million square feet in future development projects. Approximately half of the portfolio's multi-story office square footage is LEED or Energy Star Certified and 81% of First Potomac's Washington, DC portfolio is Energy Star Certified. FPO common shares (NYS: FPO) and preferred shares (NYS: FPO.PA) are publicly traded on the New York Stock Exchange. For more information, please visit www.first-potomac.com.
Vikki Kayne, 301-986-9200
KEYWORDS: United States North America District of Columbia Maryland
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