American Financial Realty Trust Mourns the Passing of CEO Harold ('Hal') W. Pote 
JENKINTOWN, PA (REIT Media) June 27, 2007 - American Financial Realty Trust (NYSE:AFR) today announced the loss of president and chief executive officer, Harold ("Hal") W. Pote, who died suddenly and unexpectedly while vacationing this week with his wife in Turkey. He was 60 years old.
"It is with profound sadness that we announce the passing of our friend and colleague, Hal Pote," said Lewis S. Ranieri, chairman of the board of trustees. "Our whole AFR family mourns this tragic loss, and our thoughts and prayers are with his family and friends during this difficult time."
Mr. Pote had served as the Company's president and chief executive since August 2006 and as a member of the Company's board of trustees since March 2006.
The Company's board of trustees announced that it has established an interim office of the president comprised of Glenn Blumenthal, chief operating officer, Edward Matey Jr., general counsel, and David Nettina, chief financial officer, who will report to the board and to Mr. Ranieri in his continuing capacity as board chairman.
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 through its operating partnership and various affiliates owns and manages its assets primarily under long-term triple net and bond net leases with banks. 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.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "expects," "anticipates," "estimates," "intends," "believes" and similar expressions that do not relate to historical information. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks and uncertainties which are, in some cases, beyond the Company's control and could materially affect actual results, performance or achievements. These risks and uncertainties include the risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, and include, without limitation, changes in general economic conditions and the extent of any tenant bankruptcies and insolvencies; the Company's ability to maintain and increase occupancy; the Company's ability to timely lease or re-lease space at anticipated net effective rents; the cost and availability of debt and equity financing; and the Company's ability to acquire and dispose of certain of its assets from time to time on acceptable terms. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Source: American Financial Realty Trust
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Jun.27.2007. 21:37
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